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Stipend Query

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  • 30-08-2016 9:21pm
    #1
    Zeus85
    Registered Users Posts: 1 ✭


    Hi all,


    I have a few questions regarding Stipends if any of you bright souls can enlighten me on. I've already read previous threads on this topic but none are specific.

    I am contemplating taking a career break from my job to concentrate on a PhD on a full time basis. I will not receive any salary during this career break. There is interest from a private organisation to support me through a "stipend" while I undertake the PhD on a full time basis. My questions are : 1) What are the specifics in relation to receiving a stipend? 2) Who can receive it? 3) Who can give it? 4) Is it taxable? 5) At what point does it become taxable? 6) Is there a minimum/maximum amount that can be received? 7) Is there a minimum/maximum no. of years that a stipend can exist for? 8) What paper work must I or my sponsors fill out? 9) Any other obvious questions I may have omitted? 10) Is there any official documentation out there that explains any of these questions? (I can't find it)
    Tagged:


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    #2
    Sklarker
    Registered Users Posts: 242 ✭✭Sklarker


    Scholarship Exception Declaration Form

    Section 193 Taxes Consolidation Act 1997 provides that income arising from a scholarship is exempt from tax where the following conditions are satisfied:
    (a) the individual in receipt of the scholarship must be in receipt of full-time instruction at an educational establishment;
    (b) the object of the scholarship must be the promotion of the education of the holder rather than the promotion of research through the holder;
    (c) there must be no element of service (directly or indirectly) between the sponsor and the student;
    (d) the award must not arise from office or employment (directly or indirectly) with the sponsor;
    (e) If the scholarship is provided from a trust fund or scheme to persons connected with the sponsor (i.e. an employee, a member of the household of an employee, a director or a member of the household of a director connected directly or indirectly with the sponsor) then not more than 25% of all such payments from the trust fund or scheme can be made to such persons.


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