1.1.T.40 Taxable income taper percentage (CCB)

Definition

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 CCB - Historical Income Thresholds

Last reviewed: 8 May 2017