TCM1000624 - How to annualise the total household income using the RTI income figure

Step 1

Using the RTI figures already obtained for each income type

  • add the RTI income figure total to any none RTI income figures
  • divide the total by the number of days in UY
  • multiply by 365
  • this figure is the total annualised income.

For example: the customer supplied an earned income figure of 拢10,000 and a TSSB figure of 拢3,000. The RTI earned income figure is 拢16,000. It is therefore the RTI figure of 拢16,000 which is used. The income to be annualised is 拢16,000 plus 拢3,000 equalling a total of 拢19,000.

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