11. — For the purposes of calculating an eligible student’s residual income, the deductions are—
Deduction A
Remuneration paid to the eligible student in the current academic year for work done during any academic year of the course, but not remuneration in respect of any—
(a)period of leave taken by the student, or
(b)other period during which the student is relieved of a duty to attend work,
so that the student may undertake the course.
Deduction B
The gross amount of any premium or sum paid by the eligible student during the current academic year in relation to a pension in respect of which—
(a)relief is given under section 188 of the Finance Act 2004(1), or
(b)where the student’s income is computed for the purposes of the income tax legislation of another member State, relief would be given if that legislation made provision equivalent to the Income Tax Acts,
but not including any sum paid as a premium under a policy of life assurance.
2004 c.12; section 188 was amended by the Finance Act 2007 (c. 11), sections 68 and 114 and Schedules 18, 19 and 27, the Finance Act 2013 (c. 29), section 52 and the Finance Act 2014 (c. 26), Schedule 7.