24QHow to work out an individual’s LFS (large family supplement) amount

24Q How to work out an individual’s LFS (large family supplement) amount

This is how to work out the individual’s LFS amount for the maintenance income:

Method statement

Step 1. Work out the individual’s large family supplement (if any) under Division 1 of Part 5.

Step 2. Work out the amount that would be the individual’s large family supplement (if any) under that Division if large family supplement were paid for only those children in respect of whom neither the individual, nor the individual’s partner, is entitled to apply for maintenance income.

Step 3. If the individual, and the individual’s partner, between them are entitled to apply for maintenance income from only one maintenance payer, the difference between the amount worked out under step 1 and the amount worked out under step 2 is the individual’s LFS amount for the maintenance income.

Step 4. If the individual, and the individual’s partner, between them are entitled to apply for maintenance income from more than one maintenance payer, the individual’s LFS amount for maintenance income received from a particular maintenance payer is worked out using the formula:Image unavailable in extracted text