It has come to our attention that more and more Athletes are having their APA's taken away from them.
Having just spoken to Amy Lowe at UK Sport and she has clarrified the situation as follows:
"An Athletes income and APA added together cannot be higher than the threshold of £64,200 (2011-12), therefore is their other income pushes them above the threshold their APA will be reduced pound for pound.
Examples:
1. An A level athlete can earn up to £36872 and still receive a full APA of £27,328 = £64,200
2.An A level athlete receiving £36873will have their APA reduced to £27,327 = £64,200
3.An A level athlete receiving income of £64,200 will have their APA means tested out to £0.
At present if an athlete is running a company, we would take into account their net profit and/or their personal drawings from the business as income. "
Clearly this is a slight change from everyone's previous understanding. However, it is something that all Athletes need to take into consideration.
For our clients affected by this change, we will be having conversations with you over the next few months. For others that may need advice, or have concerns about how this will affect them, then please give me a call.
Chris
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