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SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123AD Annual amount of estimated maintenance income

SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123AD

Annual amount of estimated maintenance income

    For the purposes of the method statement in section   123AB, work out the annual amount of estimated maintenance income for a parent of a person using this method statement.

Method statement

Step 1.   For each estimate of maintenance income of a parent of a person that applied in relation to a period in the income year, work out the annualised estimate by multiplying the amount of the estimate by:

  Start formula start fraction Number of days in income year over Number of days in income year for which estimate applied end fraction end formula

Step 2.   For each annualised estimate worked out in step 1 for the income year, work out the period estimate by multiplying the annualised estimate by:

  Start formula start fraction Number of days in income year for which estimate applied over Number of days in income year end fraction end formula

Step 3.   Add up all the period estimates for periods that occurred in the income year. This is the annual amount of estimated maintenance income for the parent for the income year.



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