PART VSTUDENTS

Treatment of access income40

1

Access income paid or due to be paid at regular intervals shall be treated as income other than earnings for the purposes of Part II (treatment of income) and as a voluntary payment for the purposes of paragraph 10 of Schedule 3 (charitable or voluntary payments).

2

Access income not paid or due to be paid at regular intervals shall be treated as capital for the purposes of Part III (treatment of capital).