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. 

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 
 

2009/2010

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

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

Maximum rates of FTB Part B

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