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For the purposes of CCB, a recipient's taxable income taper percentage is the percentage of CCB that is payable for approved care (1.1.A.90), dependent on the annual income (1.1.I.20) of the recipient and the number of children in care. The following table shows the taxable income taper percentage according to the number of children in care, for a given level of income.
|
Number of children in approved care |
Recipient's annual income |
Taxable income taper percentage |
|
1 |
Any amount |
10% |
|
2 or more |
Less than the upper income threshold |
15% |
|
2 |
More than the upper income threshold |
25% |
|
3 |
More than the upper income threshold |
35% |
Act reference: FAAct Schedule 2 clause 10 Taper %
Policy reference: FA Guide 1.1.I.70 Income thresholds (CCB), 3.6.5.20 Historical Income Thresholds (CCB)
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Last reviewed: 6 April 2009
