Factsheet - Family Tax Benefit Part A
Family Tax Benefit Part A helps families with the cost of raising children. It is paid for dependent children up to and including the age of 20 years, and for dependent full-time students up to the age of 24 years (who are not getting Youth Allowance or similar payments like ABSTUDY or Veterans' Children Education Supplement).
| For each child | Per fortnight | Per year |
|---|---|---|
| Under 13 yrs | $151.34 | $4,631.85 |
| 13-15 years | $196.84 | $5,818.10 |
| 16-17 years | $48.30 | $1,945.45 |
| 18-24 years | $64.96 | $2,379.80 |
*Maximum rate is paid up to a family income of $42,559 and is reduced by 20 cents for every extra dollar of income. Annual figures include the $686.20 per child supplement for 2008/09.
| For each child | Per fortnight | Per year |
|---|---|---|
| Under 18 yrs | $48.30 | $1,259.25 |
| 18-24 years | $64.96 | $1,693.60 |
*Part-payment at the base rate is available up to a family income of $94,316 (plus an additional $3,796 for each dependent child after the first child).
Income Thresholds for Family Tax Benefit
- For maximum rate: Family income can be $42,559 a year before payment is affected.
- For part rate: If your income is more than $42,559 a year, payments will reduce by 20 cents for each dollar above $42,559 until the base rate is reached. It is paid at this level until family income reaches $94,316 a year (plus an additional $3,796 for each dependent child after the first). Payments will then reduce by 30 cents for every dollar over that amount until the payment reaches nil.
- $100,801 a year for a family with one dependent child under 18; and
- $102,249 a year for a family with one dependent 18-24 year old.
- $3,779 for each additional dependent child under 18; and
- $3,835 for each additional dependent 18-24 year old.
Extra Payments Available
Families receiving Family Tax Benefit Part A may also be eligible for extra payments:- Rent Assistance (if renting privately)
- Large Family Supplement (for third and each subsequent child); and
- Multiple Birth Allowance (for three or more children born during the same birth).
- Rates in this Fact Sheet are current as at 1 July 2008.
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