Tuition fee means test would bring savings of £1 million plus

Tuesday, 29 January 2013 00:00

The Treasury Minister has told the House of Keys how much Government set to save by means testing high earning parents of future university students.

Michael MHK Alf Cannan asked Minister Teare how many couples have a gross income before tax of £100,000 or more, and how much money means testing will bring back into the coffers.

The answer revealed that just shy of 2000 couples qualify in that income bracket, with the savings means testing would bring calculated at just over £1 million.

The answer was based on the 2010/11 tax year, which was the most recent year complete information was available.

More from Isle of Man News

Man denies stealing equipment from boat

A man has appeared in court by live link from his bed to deny charges of theft and a public order offence.
Hospitality tax cuts not feasible, says chief minister

Chief Minister Alf Cannan says tax cuts requested by the hospitality industry have to take into account the costs of government services.
Flour mill wants to replace rotting windows

Laxey's historic flour mill has applied to replace windows and doors.
Restaurant worker awarded £1,800 by tribunal

A hospitality worker has won an employment tribunal against a restaurant that's gone into liquidation.
Police dog dies

A well-known police dog has died.
Man admits having knife at Sea Terminal

A traveller was found carrying a credit card knife while trying to board a ferry to the UK, a court's heard.
Animal care guides to be considered by Tynwald

New codes of practice for looking after pets look set to be passed by Tynwald next month.
Register for your say in area plan inquiry

If you want your say on the Island's Area Plan for the North and West, you have just over two weeks to register for a public inquiry.