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Net or Gross income for Childcare Grant (etc)
MedicParent
Posts: 3 Newbie
Thought I'd started to understand all this?! Perhaps not...
Could any SFE expert clarify how residual income is calculated for CCG/PLA/ADG?
Last year's advice seemed to be: Net income - allowable expenses (eg mortgage) - threshold = residual income
Looking at the new advice, am i right in thinking this year it's GROSS income - expenses - threshold = ?
That would mean quite a big reduction would it not, even though the new thresholds are a lot bigger than the old ones (4600 for 2 parents 2 kids last year, 9k+ this).
Have I understood this correctly?
Thanks for advice!
Could any SFE expert clarify how residual income is calculated for CCG/PLA/ADG?
Last year's advice seemed to be: Net income - allowable expenses (eg mortgage) - threshold = residual income
Looking at the new advice, am i right in thinking this year it's GROSS income - expenses - threshold = ?
That would mean quite a big reduction would it not, even though the new thresholds are a lot bigger than the old ones (4600 for 2 parents 2 kids last year, 9k+ this).
Have I understood this correctly?
Thanks for advice!
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