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 £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.