Need some explanation on Scholarships as a taxable benefit.

This topic has 1 reply, 2 voices, and was last updated 15 years ago by muzawula.

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October 2, 2010 at 9:02 pm #45452
candy~
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In the BPP text where they say-:
3.9 Scholarships
If scholarships are given to members an employee’s family, the employee is taxable on the cost unless the scholarship fund’s or scheme’s payments by reason of people’s employments are not more than 25% of its total payments.
what exactly do they mean?
November 9, 2010 at 10:58 am #68964
muzawula
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if the total fees is £60,000- the exempted contribution on scholarship should not exceed £15,000 (60,000 x 25%) otherwise if the whole amount is taxed.
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