Calculating child support - 2008 IR150
How the formula works
About this
Information about how child support is worked out and how much the living allowances are. For use in the 2008 assessment year (1/4/2007 - 31/3/2008).
Adobe Acrobat PDF | 54kb | 2 pages
When to use this
Child Support uses a four-step process to work out how much child support is payable under a formula assessment.
You can use this worksheet to help you:
- work out approximately how much child support you would pay under a formula assessment, or
- see how we've worked out your current assessment.
What you will need
- Your taxable income for the year.
- You will also need to know the number of children we have assessed you to pay child support for.
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After you finish
This calculation is a guideline only. This does not take into account estimations of income, multiple shared custody, split custody or special circumstances.
If you think your calculation differs from what we have sent you in your assessment letter, please ring us on 0800 221 221 to discuss your assessment.
