1.1.S.103 Standard rate (FTB)

Definition

For the purposes of FTB, the standard rate of FTB is the sum of the maximum FTB rates payable for an individual's (1.1.I.90) FTB children, before:

• other rate components are added,
• the income test is applied, and
• the maintenance income test is applied.

The standard rates are different for:

• FTB Part A worked out under Method 1,
• FTB Part A worked out under Method 2, and
• FTB Part B.

Act reference: FAAct Schedule 1 clause 7 Standard rate (Method 1), Schedule 1 clause 26 Standard rate (Method 2)

Policy reference: FA Guide 3.1.1.20 Current FTB Rates & Income Test Amounts, 3.1.4 FTB Part A Rate Calculation - Method 1, 3.1.8 FTB Part A Rate Calculation - Method 2, 3.1.9 FTB Part B Rate Calculation

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Last reviewed: 6 April 2009