Income limit table for small families
SMALL FAMILIES | |||||
---|---|---|---|---|---|
DEPENDENT CHILDREN (n) | MINIMUM LIMIT (mL) Income < = mL (1) | FULL ANNUAL ALLOWANCE (A)(1) | MAXIMUM LIMIT (ML) Income > mL < ML (2) | ANNUAL DIFFERENTIAL ALLOWANCE (D) (3) (4) | MAXIMUM INCOME LEVEL (5) |
1 | 14544.00 | 588.00 | 15132.00 | 15,132.00 -I >= 49.00 | 15083.00 |
2 | 16725.60 | 1176.00 | 17901.60 | 17,901.60 -I >= 98.00 | 17803.60 |
3 | 18907.20 | 1764.00 | 20671.20 | 20,671.20 -I >= 147.00 | 20524.20 |
4 | 21088.80 | 2352.00 | 23440.80 | 23,440.80 -I >= 196.00 | 23244.80 |
5 | 23270.40 | 2940.00 | 26210.40 |
26,210.40 -I >= 245.00 |
25965.40 |
6 | 25452.00 | 3528.00 | 28980.00 | 28,980.00 -I >= 294.00 | 28686.00 |
7 | 27633.60 | 4116.00 | 31749.60 | 31,749.60 -I >= 343.00 | 31406.60 |
8 | 29815.20 | 4704.00 | 34519.20 |
34,519.20 -I >= 392.00 |
34127.20 |
9 | 31996.80 | 5292.00 | 37288.80 |
37,288.80 -I >= 441.00 |
36847.80 |
10 | 34178.40 | 5880.00 | 40058.40 | 40,058.40 -I >= 490.00 | 39568.40 |
n | mL = 14,544+2181.60 (n-1) |
A = 588,00n | ML = mL + A | D = ML - I provided that D > = €49.00/year/child | Maximum level = ML - (49.00n) |
APPLICATION RULES:
- (1) The full annual allowance (A) is granted if the annual income (I) is less than or equal to the minimum limit (mL) based on the total number of originators.
- (2) Maximum limit (ML) calculable to establish whether the differential allowance (D) is applicable. Maximum limit (ML) is the minimum limit (mL) plus €588 for each able-bodied originator under 18.
- (3) An annual allowance (D) equal to the difference between the maximum limit (ML) and income (I), will be granted on the provision that said difference is equal to or greater than €49.00 per year per originator.
- (4) The annual difference allowance (D), will be distributed amongst the originators.
- (5) If the annual income (I) exceeds these amounts, no allowance will be granted.