Phasing amount
24.—(1) In this Part “phasing amount” means, for the year beginning on the case conversion date, the relevant figure provided in paragraph (2), and for each subsequent year the phasing amount for the previous year aggregated with the relevant figure.
(2) The relevant figure is—
(a)£2·50 where the relevant income is £100 or less;
(b)£5·00 where the relevant income is more than £100 but less than £400; or
(c)£10·00 where the relevant income is £400 or more.
(3) For the purposes of paragraph (2), the “relevant income” is the net weekly income of the non-resident parent taken into account in the conversion decision.