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.
How much does the Family Tax Benefit Part A pay? Family Tax Benefit Part A pays a maximum of $197.96 per fortnight for children up to 12 years and $257.46 per fortnight for children up to 19 years, if they are eligible.
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.
For the 2022-23 financial year, it's a payment of up to $397.85 per family.
We pay Family Tax Benefit (FTB) Part A for each eligible child. We work out your payment rate by doing both of the following: using your adjusted taxable income and an income test. looking at the ages and number of children in your care.
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.
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).
Your child's income won't impact your FTB payments. If your child is 16 or older and starts work, they'll need to meet study and other eligibility requirements. As long as they continue to meet study and other eligibility requirements, there's nothing you need to do.
You may get the maximum rate of FTB Part A if your family's adjusted taxable income is $58,108 or less.
If your income is $104,432 or less, you can get the maximum rate of FTB Part B. You can get FTB Part B up until the end of the calendar year your youngest child turns 18. If this child is between 16 and 18, they must be in secondary school full-time. There is separate information for single grandparent carers.
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.
Newborn Supplement is paid with Family Tax Benefit Part A through regular fortnightly payments or as part of a lump sum claim after the end of the financial year. Fortnightly payments are made for a period of up to 13 weeks with the first instalment including the Newborn Upfront Payment of $514 (where eligible).
You may be eligible for Newborn Upfront Payment and Newborn Supplement if you or your partner have a baby or a child comes into your care. The amount you get depends on your family's income and how many children you have.
The Carer Supplement is an annual payment of $600 which is attached to each Carer Allowance. The Supplement is paid in July each year.
In any 6 months or 13 fortnights you can only get either: one advance at the highest amount. up to 2 advances of smaller amounts. 3 advances at the lowest amount.
We pay both the subsidy and Family Tax Benefit (FTB) based on your family income estimate. The higher your estimate is, the less subsidy and FTB you'll get. If you get FTB and Child Care Subsidy, it's twice as important your family income estimate is accurate.
Once you have submitted all relevant documents to support your Family Tax Benefit claim, you will be notified whether it has been approved. The process will usually take Centrelink 28 days to complete.
Once the youngest child turns eight, single parents may be eligible for JobSeeker or some other payment depending on their circumstances. ⦁ JobSeeker Principal Carer is a payment for single parents whose youngest child is between 8 and under 16 years of age.
If you get DSP, you can have paid work up to 29 hours a week. You can do this without losing your DSP payment providing you meet the income test. You must tell us if you or your partner have started work within 14 days. You must also tell us the details of that work.