The payment rates for Family Tax Benefit (FTB) in Australia can vary depending on various factors, including the number of dependent children, their ages, and your family’s income. Here is a general overview of the payment rates for FTB:
Family Tax Benefit Part A (FTB A): The maximum FTB Part A rate per child per fortnight is as follows:
- For children under 13 years old: Up to $63.25.
- For children aged 13 to 15 years old: Up to $68.55.
- For children aged 16 to 19 years old (if they meet study requirements): Up to $68.55.
The actual payment amount for FTB Part A is income-tested, meaning it gradually reduces as your family’s income increases. The income threshold and the rate at which the payment reduces depend on the number of children in the family.
Family Tax Benefit Part B (FTB B): The maximum FTB Part B rate per family per fortnight is as follows:
- For families with a child under five years old: Up to $165.60.
- For families with a child aged five to 18 years old: Up to $55.64.
FTB Part B is also income-tested, and the payment amount gradually reduces as your family’s income increases. The income threshold depends on the number of children in the family.
It’s important to note that these rates are subject to change, and there may be additional supplements or allowances depending on individual circumstances.
To get the most accurate and up-to-date information about the payment rates for FTB and to determine your specific entitlements, it is recommended to visit the official Services Australia website (https://www.servicesaustralia.gov.au/) or contact Centrelink directly. They can provide personalized advice based on your individual circumstances and provide you with the current payment rates.