Family Tax Benefit
Family Tax Benefit is a 2 part payment that helps with the cost of raising children.
What is Family Tax Benefit?
Family Tax Benefit is a 2 part payment that helps with the cost of raising children.
How does it work?
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.
FTB Part A eligibility
We pay Family Tax Benefit (FTB) Part A per child. The amount we pay you depends on your family’s circumstances.
You may be eligible for FTB Part A if you care for a dependent child who’s either:
- 0 to 15 years of age
- 16 to 19 years of age and meets the study requirements .
You must also meet all of the following:
- an income test
- residence rules
- care for the child at least 35% of the time.
Your child also needs to meet immunisation requirements and Healthy Start for School requirements , if they apply. We may reduce your FTB Part A payment per fortnight for each child who doesn’t meet these.
When we balance your payments after the financial year you may get a FTB Part A supplement . If you didn’t get enough FTB during the year, you may also get a top up.
To get the FTB Part A supplement your family’s adjusted taxable income must be $80,000 or less.
FTB Part B eligibility
We may pay you FTB Part B if you’re a single parent or non-parent carer, a grandparent carer, or if you’re a member of a couple with 1 main income.
You may be eligible if either:
- you’re a member of a couple with 1 main income and care for a dependent child aged under 13
- you’re a single parent or non-parent carer, or a grandparent carer and care for a dependent child aged under 18. The child must meet study requirements if they’re aged 16 to 18.
You must also meet all of the following:
- an income test
- residence rules
- care for the child at least 35% of the time.
You or your partner can’t get FTB Part B while getting Parental Leave Pay .
Important information regarding this information
This information is of a general nature. It does not consider your personal objectives, needs or situation. It does not represent legal, tax or personal advice and should not be taken as such. If it has been provided to you with a Statement of Advice (SoA), you should rely on the personal advice in the SoA.
Care has been taken to provide up to date and accurate information relating to the subject area however BR Advice Pty Ltd (ABN 30 612 056 523, AFSL 488655), Blue Rock Private Wealth Pty Ltd (ABN 95 166 927 055, AFSL 452733), Blue Rock Private Wealth (Melb) Pty Ltd (ABN 48 652 202 698, ASIC AFS No. 1298365) and their representatives make no representation as to its accuracy or completeness.
Published: September 2022.
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