The Family Tax Benefit (FTB) is a critical government initiative in Australia designed to assist families with the growing costs of raising children. For December 2024, eligible families can receive up to $288.82 per fortnight per child aged 13–19 years.
This guide provides a comprehensive look at how the benefit works, eligibility criteria, and how to claim this financial support.
What Is the Family Tax Benefit?
The Family Tax Benefit is a government-provided payment to support Australian families. It is divided into two parts:
- FTB Part A: The primary payment to families with dependent children aged 0–19 years.
- FTB Part B: An additional benefit for single parents or families with one primary income earner.
These payments aim to reduce financial stress and ensure children have access to necessities such as education, health care, and daily living essentials.
Eligibility for the Family Tax Benefit
To qualify for the Family Tax Benefit, you need to meet specific criteria. These include:
Child-Related Requirements
- FTB Part A:
- Children aged 0–15 years qualify automatically.
- Children aged 16–19 years qualify if they are:
- Enrolled in full-time secondary education.
- Living at home and meeting immunisation and study requirements.
- FTB Part B:
- For families with children under 13 years.
- Available to single parents and families with one primary income earner.
Income Test
- FTB Part A: Payments reduce as your income exceeds $58,108 per year.
- FTB Part B: Secondary income for partnered families must be under $10,900 annually unless there’s a child under 1 year.
Residency Requirements
- Applicants must be Australian residents or hold an eligible visa.
- They must care for the child at least 35% of the time.
Immunisation and Health Checks
- To receive FTB Part A, children must meet the National Immunisation Program requirements. Exemptions are allowed for valid medical or personal reasons.
Payment Breakdown
Below is the current breakdown of Family Tax Benefit payments:
| FTB Type | Child’s Age | Fortnightly Payment |
|---|---|---|
| FTB Part A | 0–12 years | $222.04 |
| FTB Part A | 13–19 years | $288.82 |
| FTB Part B | 0–5 years | $177.94 |
| FTB Part B | 5–18 years | $124.84 (single parents only) |
How to Claim the Family Tax Benefit
Follow these steps to claim the Family Tax Benefit:
- Set Up a myGov Account:
- Log in to myGov and link your account to Centrelink.
- Gather Necessary Documents:
- Proof of your child’s birth or adoption (e.g., birth certificate).
- Income details for you and your partner.
- Shared care or custody documents if applicable.
- Submit Your Claim:
- Access Centrelink via myGov.
- Complete the Family Tax Benefit application form.
- Upload required documents and submit your claim.
- Track Your Claim:
- Use the myGov app to monitor your claim status.
- Choose Payment Mode:
- Opt for fortnightly payments or an annual lump sum.
Practical Tips for Maximizing Your Benefits
- Update Income Estimates Regularly: Ensure your income details are accurate to avoid overpayments or debts.
- Combine with Other Benefits: Families with children who have special needs can apply for additional payments like the Carer Payment or Child Disability Assistance Payment.
- Understand the Income Test: Use the Family Assistance Estimator tool to calculate your potential benefits.
Why the Family Tax Benefit Matters
This benefit plays a crucial role in alleviating the financial burden on families. For example:
- A family with a 10-year-old and a 15-year-old could receive:
- $222.04 for the younger child.
- $288.82 for the teenager.
- Total fortnightly support: $510.86.
This financial assistance helps families afford educational materials, medical expenses, and everyday needs.
The $288 per fortnight Family Tax Benefit in December 2024 offers vital financial support to Australian families. By understanding the eligibility requirements and how to claim, families can make the most of this government assistance.
Don’t miss out on this opportunity to secure financial relief—ensure your details are up-to-date with Centrelink and submit your application today.
FAQs
1. How often are Family Tax Benefit payments made?
Family Tax Benefit payments are made fortnightly or as an annual lump sum after the financial year ends.
2. Can I claim both FTB Part A and Part B?
Yes, eligible families can claim both FTB Part A and Part B, provided they meet the criteria for each.
3. What happens if my income exceeds the threshold?
If your income exceeds the threshold, your payments will reduce proportionally, and you may no longer qualify for full benefits.
