Childcare Payments Act 2014 (c. 28)

Childcare accounts U.K.

Valid from 14/11/2016

21 Calculating the top-up element of payments etc U.K.

(1) For the purposes of this Act the “top-up element” of any amount is an amount equal to the relevant percentage of that amount.

(2) The “relevant percentage” is the percentage given by—

where R is the percentage for the time being specified in section 1(4).