1.1.I.80 Indexation

Definition

For the purposes of FA, indexation means periodically adjusting payments and thresholds in line with CPI increases. Movement in the CPI is measured quarterly and increases from indexation occur once a year for most payments and thresholds, although the rate of RA for FTB is indexed twice a year.

Note: On occasion, some of the FA payment rates and thresholds are paused, so indexation is not applied (for further details see 3.1.1.60).

Act reference: FAAct Schedule 4 Indexation and adjustment of amounts

Policy reference: FA Guide 3.6.1 FTB Part A - Historical Rates, 3.6.3 FTB Part B - Historical Rates

Last reviewed: 3 July 2017