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Family Tax Benefits

 

Family Tax Benefit (FTB) has two parts, Part A and Part B.  You may be eligible for Part A, Part B or both.  FTB is not asset tested, but is income tested.  FTB is tax free.

 

Part A is paid for each dependent child you care for where the dependent child is aged under 21, and for those dependent children aged 21 to under 25 who are studying full-time.

 

Part B is designed to give extra help to families with one main income.  Family Tax Benefit Part B is paid per family not per child.  Part B can be paid until the youngest child turns 16 or until the end of the calendar year in which the youngest child turns 18 - provided the child is studying full-time and is not receiving a social security payment such as youth allowance or an education allowance such as ABSTUDY.

 

Note:

If you are entitled to more than the basic rate of FTB, you may be entitled to a Health Care Card and/or rent assistance. 

 

From 1 July 2009, FTB will no longer be claimable from the ATO – all claims will be administered by Centrelink or Medicare.  However, payment will be suspended if the family’s tax lodgements are not up to date within 18 months of the end of each financial year.    


FTB Part A - Rates & Limits

 

To receive the maximum rate of Family Tax Benefit Part A your annual adjusted taxable family income can be up to:

 

2010/2011       - $45,114

 

2009/2010       - $44,165

 

If your income is more than the above limit a year, your payment will reduce by 20 cents for each dollar above the income limit, until your payment reaches the base rate of Family Tax Benefit Part A.

 

Income limit at which annual Family Tax Benefit Part A including the supplement may no longer paid:

 

2010/2011 
 

Number of children 0 – 17 years

Number of children 18 – 24 years

No children

One

Two

Three

No children

-

$102,711

$114,902

$128,055

One

$101,191

$113,382

$126,534

$139,686

Two

$111,861

$125,013

$138,165

$151,317

Three

$123,492

$136,644*

$149,796*

$162,949*

 

2009/2010

 

Number of children 0 – 17 years

Number of children 18 – 24 years

No children

One

Two

Three

No children

-

$102,541

$114,562

$127,519

One

$101,045

$113,065

$126,023

$138,980

Two

$111,569

$124,526

$137,484

$150,441

Three

$123,030

$135,987*

$148,945*

$161,902*

 

Note:

 

* The income limit is higher than stated if the customer has three children aged 13 - 15.

 

Maximum Rates of FTB Part A

Note:
If you are receiving the maximum rate of FTB Part A by instalments, you may also be entitled to a Health Card.

 

2010/2011

 

For each child

Per fortnight

Annual

Per year

(ex. supplement)

supplement

(inc. supplement)

Aged under 13 years

$160.30

$726.35

$4,905.60

Aged 13-15 years

$208.46

$726.35

$6,161.20

Ages 16-17 years

$51.24

$726.35

$2,062.25

Aged 18-24 years

$68.74

$726.35

$2,518.50

Approved Care 0 – 24 years

$51.24

N/A

$1,335.90

 

2009/2010

 

For each child

Per fortnight

Annual

Per year

(ex. supplement)

supplement

(inc. supplement)

Aged under 13 years

$156.94

$711.75

$4,803.40

Aged 13-15 years

$204.12

$711.75

$6,033.45

Ages 16-17 years

$50.12

$711.75

$2,018.45

Aged 18-24 years

$67.34

$711.75

$2,467.40

Approved Care 0 – 24 years

$50.12

N/A

$1,306.70

 

Income Limit beyond which only base rate is paid:

2010/2011

 

The full FTB Part A Base Rate is paid between the annual family income levels in the table below and an annual family income of $94,316 (plus $3,796 for each FTB child after the first).  After that it will reduce by 30 cents in each dollar.

 

No. of children aged 0-12 years

No. of children 13-15 years

Nil

One

Two

Three

Nil

Nil

$65,609

$86,104

$106,599

One

$59,331

$79,826

$100,321

$120,815

Two

$73,548

$94,043

$114,537

$135,032

Three

$87,765

$108,259

$128,754

$149,249

 

2009/2010

 

The full FTB Part A Base Rate is paid between the annual family income levels in the table below and an annual family income of $94,316 (plus $3,796 for each FTB child after the first).  After that it will reduce by 30 cents in each dollar.

 

No. of children aged 0-12 years

No. of children 13-15 years

Nil

One

Two

Three

Nil

Nil

$64,240

$84,315

$104,390

One

$58,090

$78,165

$98,240

$118,315

Two

$72,015

$92,090

$112,165

$132,240

Three

$85,940

$106,015

$126,090

$146,165

 

FTB Part B - Rates & Limits

 

Single parent families

 

Up to 30 June 2008, if you were a single parent you could get the maximum amount of Family Tax Benefit Part B regardless of your income, although shared care could affect your payment.

 

From 1 July 2008, FTB Part B is limited to single parents with an adjusted taxable income of less than $150,000.

 

Two parent families

 

If you are a two parent family, the income of the parent earning the lesser amount must be equal to or less than the income limits below. 

 

Prior to 1 July 2008, the income of the parent earning the higher amount was not taken into account.

 

From 1 July 2008, if the parent earning the higher amount earns more than $150,000 adjusted taxable income for that financial year, then the other parent will not be eligible for any Part B benefit.

 

Income test for the parent earning the lesser amount

 

Income limits of lesser earning parent

Year

For full payment

Payment cut out if youngest child under 5

Payment cut out if youngest child is 5 to 18

Basic

Supplement

Basic

Supplement

2010/2011

$4,745

$22,521

$24,291

$17,137

$18,907

2009/2010

$4,672

$22,083

$23,817

$16,807

$18,542

 

Maximum rates of FTB Part B

 

Year

Age of youngest child is under 5 years

Age of youngest child is 5 to 15 years (or 16 - 18 years if a full-time student)

Per fortnight (excl. supp)

Annual Supplement

Per annum (incl. supp)

Per fortnight (excl. supp)

Annual Supplement

Per annum (incl. supp)

2010/2011

$136.36

$354.05

$3,909.15

$95.06

$354.05

$2,832.40

2009/2010

$133.56

$346.75

$3,828.85

$93.10

$346.75

$2,774.00

 

The amount of Family Tax Benefit Part B will reduce by 20 cents per annum for each dollar earned above the income limit.

 

 
         

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