CTHIn ForceAct
A New Tax System (Family Assistance) Act 1999
24SHow to work out an individual’s maintenance income ceiling
Start here
Get a plain-English read of 24S
Turn the raw legal text into a practical explanation grounded in A New Tax System (Family Assistance) Act 1999.
24S How to work out an individual’s maintenance income ceiling
The individual’s maintenance income ceiling for the maintenance income is worked out using the following formula: Start formula open round bracket two times Total of the amounts worked out for the income under steps 1 to 5 of the method statement in clause 24N close round bracket plus MIFA amount for the income end formula