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Aspiring Lawyers - Applications & General Advice
General Discussion
How is the PGDL/SQE grant treated re. tax? & Financing London living during PGDL & SQE
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<blockquote data-quote="prospectiveswitcher" data-source="post: 156144" data-attributes="member: 24174"><p>Hi all, </p><p>Apologies if this out of scope for the forum. I have three questions: </p><p></p><p>1/ I was wondering does anyone know how the PGDL/SQE grants are treated for tax purposes - are they considered regular income? I know the barristers chambers have some tax-efficient way of allocating pupillage 'awards' and was wondering if this is similar. </p><p></p><p>2/ In a similar vein, how do people typically fund living costs during the PGDL/SQE? I am not in a position where I will get any sizeable family support and I have some modest savings (although certainly not enough to live in London for 2 years). Are there any specialist finance options that allow you to only make repayments upon beginning work? </p><p></p><p>3/ Also, related to above, if I have never completed third level education in the UK, I believe the only way my law education can qualify for Student Finance is if I do an LLM - some providers like BPP offer an SQE1/2 LLM course to facilitate this. If this is not standard for law firms, can I persuade them to offer me this for financing reasons? </p><p></p><p>Thanks!</p></blockquote><p></p>
[QUOTE="prospectiveswitcher, post: 156144, member: 24174"] Hi all, Apologies if this out of scope for the forum. I have three questions: 1/ I was wondering does anyone know how the PGDL/SQE grants are treated for tax purposes - are they considered regular income? I know the barristers chambers have some tax-efficient way of allocating pupillage 'awards' and was wondering if this is similar. 2/ In a similar vein, how do people typically fund living costs during the PGDL/SQE? I am not in a position where I will get any sizeable family support and I have some modest savings (although certainly not enough to live in London for 2 years). Are there any specialist finance options that allow you to only make repayments upon beginning work? 3/ Also, related to above, if I have never completed third level education in the UK, I believe the only way my law education can qualify for Student Finance is if I do an LLM - some providers like BPP offer an SQE1/2 LLM course to facilitate this. If this is not standard for law firms, can I persuade them to offer me this for financing reasons? Thanks! [/QUOTE]
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How is the PGDL/SQE grant treated re. tax? & Financing London living during PGDL & SQE
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