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For the purposes of FTB, the cut-out amount is the ATI (1.1.A.20) limit that relates to income earned by an FTB child.
The cut-out amount is indexed annually in line with the CPI on 1 July.
Act reference: FAAct section 22A(2)-'cut-out amount', Schedule 1 clause 30 Standard rate, Schedule 1 clause 33 Income free area, Schedule 4 clause 2 Indexed and adjusted amounts, Schedule 4 clause 3 CPI Indexation Table
Policy reference: FA Guide 2.1.1.10 FTB Child of an Individual, 3.1.1.20 Current FTB Rates & Income Test Amounts, 3.2 Adjusted Taxable Income
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Last reviewed: 6 April 2009
