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HMRC internal manual

Tax Credits Manual

From
HM Revenue & Customs
Updated
, see all updates

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 £10,000 and a TSSB figure of £3,000. The RTI earned income figure is £16,000. It is therefore the RTI figure of £16,000 which is used. The income to be annualised is £16,000 plus £3,000 equalling a total of £19,000.