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For the purposes of FTB Part A, the maximum rate of FTB is worked out using the appropriate rate calculation method. A higher standard rate applies for Method 1 compared to Method 2 or Method 3.
Using Method 1 to calculate the rate of FTB Part A, the components of the maximum rate are:
The income test and the maintenance income test are applied to the maximum rate to calculate an individual's (1.1.I.90) rate of FTB Part A.
Act reference: FAAct Schedule 1 clause 3 Method of calculating Part A rate
Policy reference: FA Guide 3.1.4 FTB Part A Rate Calculation - Method 1, 3.1.7 Maintenance Income Test
Using Method 2, the components of the maximum rate are:
A lower standard rate applies for Method 2 compared to Method 1. The income test is applied to the maximum rate to calculate an individual's rate of FTB Part A. The maintenance income test is not applied when the rate is worked out using Method 2.
Act reference: FAAct Schedule 1 clause 25 Method of calculating Part A rate
Policy reference: FA Guide 3.1.8 FTB Part A Rate Calculation - Method 2
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Last reviewed: 6 April 2009
