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12.—(1) This paragraph applies in relation to an aided pupil who is a boarder at the school.
(2) Where the relevant income for a particular financial year does not exceed £12,722, fees must be wholly remitted.
(3) In any other case, fees must be remitted to the extent necessary to ensure that the residual liability of the applicant for those fees is of an amount (rounded down to the nearest multiple of £3) equal to the aggregate of the specified percentages (set out in columns (2) and (3) of the following table) of the corresponding parts of the relevant income (set out in column (1) of that table):
(1) | (2) | (3) |
---|---|---|
Part of relevant income to which specified percentage applies | Only one aided pupil | Each of two or more aided pupils |
That part which exceeds £12,525 but does not exceed £15,833 | 10% | 7.5% |
That part (if any) which exceeds £15,833 but does not exceed £22,194 | 20% | 15% |
That part (if any) in excess of £22,194 | 12.5% | 7.5% |
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