The parental income threshold for Youth Allowance (dependent) in Australia is $54,677 per year for a family with one dependent child. This threshold increases by $6,165 for each additional dependent child.
The parental income threshold refers to the maximum income that parents (or the parent you live with) can earn before it starts to affect your eligibility and payment amount for Youth Allowance as a dependent student. If your parents’ combined income exceeds the threshold, it may impact your entitlement to the payment. The income test takes into account various sources of income, including taxable income, certain government benefits, and investment income.
It’s important to note that income thresholds and rates may change over time. For the most up-to-date information on the parental income threshold and how it may apply to your specific situation, it is recommended to contact Centrelink or Services Australia directly. They can provide you with accurate and current information regarding your eligibility and the income requirements for Youth Allowance.