If you're eligible, you'll get it after we balance your payments. We do this after the end of the financial year. For the 2021-22 financial year, it's a payment of up to $788.40 for each eligible child. For the 2022-23 financial year, it's a payment of up to $817.60 for each eligible child.
Family Tax Benefit Part B includes a supplement of up to $383.25 per family for the 2021 – 2022 financial year and $397.85 per family for the 2022 – 23 financial year.
If your child is 16 or older and stops studying, your FTB for that child will stop. If they don't complete year 12 or an equivalent qualification, your FTB will stop from the date they stop studying. You need to update their study end date to reflect the date they ceased studying. Read more about leaving school.
To get this you must: have a dependent child or full time secondary student aged 16 to 19 who isn't getting a pension, payment or benefit like Youth Allowance. care for the child for at least 35% of the time. meet an income test.
It is made up of two parts: FTB Part A – is paid per-child and the amount paid is based on the family's circumstances. FTB Part B – is paid per-family and gives extra help to single parents and some couple families with one main income.
From 10 July 2023, if your family earns under $530,000, you'll get increased Child Care Subsidy (CCS). The CCS percentage you're entitled to depends on your family's income. The income limit to get the maximum CCS is increasing. Families earning up to $80,000 will get an increased maximum CCS amount, from 85% to 90%.
If you're eligible, we'll pay you from the date you submit your claim. We may be able to backdate your payment in some other circumstances. For example, we may pay you from the date of birth of the child if you submit your claim within 13 weeks.
We will pay the last FTB payments for 2021-22 between 4 and 15 July 2022. We can only balance your FTB after we've made your last payment and we have all the information we need.
The Family Tax Benefit is worked out based on your income. Once you lodge your return adjustments can occur where you are owed an extra amount or you may have an amount to pay. The government agencies including Centrelink, Child Support and ATO all exchange information.
For the 2021-22 financial year, it's a payment of up to $383.25 per family. For the 2022-23 financial year, it's a payment of up to $397.85 per family. The amount we'll pay you depends on: if you share care.
Newborn Upfront Payment and Newborn Supplement
The Newborn Supplement is calculated based on your income and the number of children in your care. The most you can receive is $1725.36 for your first child and $576.03 for subsequent children (as of April 2022).
Almost 5 million Australians to get a boost to 2022 Centrelink payments. Almost 5 million Australians who get the Age Pension or other Centrelink payments will get a boost to their social security entitlements from 20 March.
How can I get the $250 payment? If the Coalition is re-elected in March, all NSW households will be eligible for the $250 rebate. This includes existing rebate recipients. Households will need to visit the comparison tool provided by Service NSW and will be eligible for the payment even if they don't switch plans.
The Work Bonus income bank is useful for pensioners who wish to work, particularly those who undertake intermittent or occasional work. Note: from 1 December 2022 to 31 December 2023, a one-off, temporary credit of $4,000 applies to Work Bonus income bank balances.
If you're eligible, you'll get it after we balance your payments. We do this after the end of the financial year. For the 2021-22 financial year, it's a payment of up to $788.40 for each eligible child. For the 2022-23 financial year, it's a payment of up to $817.60 for each eligible child.
We pay FTB Part B per family, generally for the youngest child. If you're a member of a couple, FTB Part B stops when your child turns 13. It may continue until the end of the calendar year they turn 18 if you're one of the following, a: single parent.
You can share the payment of FTB between you and the other carer or carers. We assess how much you get based on both: the percentage of time the child spends in your care.
The payment rates for Age Pension, Carer Payment and Disability Support Pension are increasing from 20 March 2023. Age Pension, Carer Payment and Disability Support Pension will increase by $37.50 a fortnight for singles and $56.40 a fortnight for couples combined.
Single: $18.20 per fortnight. Partnered : $15.60 per fortnight. Plus $7.30 per fortnight for each dependant. No income test.
Latest Age Pension changes (from 20 March 2023)
From 20 March 2023 the maximum full Age Pension increases $37.50 per fortnight for a single person, and $28.20 per person per fortnight for a couple. Note: Annual amounts are approximate. The figures above include the pension and energy supplements.