Family Tax Benefit Part A – Income Thresholds to 30th June 2012

The income thresholds for the year ending 30th June 2014 for the Family Tax Benefit can be found here.

Income test

This income test for Family Tax Benefit Part A is a guide only and is effective from 20 March 2012.

The income test does not apply if you, or your partner get, an income support payment such as a pension, benefit or allowance, or a Department of Veterans’ Affairs service pension.

Income test

For Family Tax Benefit Part A, if your family’s adjusted taxable income for this financial year is $46,355 or less, your payment will not be affected by the income test.

If your adjusted taxable income is more than $46,355 for this financial year, your payment will reduce by 20 cents for each dollar above $46,355 until your payment reaches the base rate of Family Tax Benefit Part A.

Your Family Tax Benefit Part A will stay at that rate until your adjusted taxable income reaches $94,316 a year (plus $3,796 for each Family Tax Benefit child after the first). Family Tax Benefit Part A will reduce by 30 cents for every dollar over that amount until your payment reaches nil.

If you get more than the base rate of Family Tax Benefit A, a Maintenance Income Test may also apply.

Family Tax Benefit recipients may have their ongoing payments adjusted automatically to avoid or reduce a projected Family Tax Benefit overpayment. This will apply to all Family Tax Benefit recipients who receive their payment in fortnightly instalments.

Adjusted taxable income limit beyond which only base rate is paid ($pa)

#
Children 0-12 years
# Children 13-25 years, or secondary students 16-19 years
1 2 3
Nil Nil $67,398 $88,440 $109,482
1 $60,955 $81,998 $103,040 $124,082
2 $75,555 $96,598 $117,640 $138,682
3 $90,155 $111,198 $132,240 $153,282

Note: Income limit will be higher if you are eligible for Rent Assistance.

 

Adjusted taxable income limit at which Family Tax Benefit stops ($pa). These figures include the supplement.

#
Children 0-17 yrs
or secondary students 18-19yrs
# Children 18-21yrs (excluding secondary students 18-19yrs)
1 2 3
Nil Nil $102,870 $115,219 $128,553
1 $101,312 $113,661 $126,996 $140,331
2 $112,104 $125,439 $138,773 $152,108
3 $123,881 $137,216* $150,551* $163,885*

 

Adjusted taxable income limit at which Family Tax Benefit stops ($pa). These figures do not include the supplement.

For Year: 2011-2012

#
Children 0-17 yrs
or secondary students 18-19yrs
# Children 18-21yrs (excluding secondary students 18-19yrs)
1 2 3
Nil Nil $100,448 $110,376 $121,290
1 $98,891 $108,819 $119,733 $130,646
2 $107,262 $118,175 $129,089 $140,002
3 $116,618 $127,531* $138,445* $149,358*

Note:

  • * Income limit is higher than stated for 3 children aged 13-19.
  • Income limit is higher if you are eligible for Multiple Birth Allowance.
  • Payment per year figures include the effect of the $726.35 Family Tax Benefit Part A Supplement which is available only after the end of the income (financial) year when annual family income can be assessed. Families with income approaching these amounts may only be paid the Family Tax Benefit at the end of the income year and not as fortnightly payments.
  • You may receive some Family Tax Benefit as long as you have at least 35 per cent care of a child. If you share care of a child for at least 14 per cent of the time (2 or more nights per fortnight), you may be able to receive Rent Assistance, a Health Care Card, Remote Area Allowance, Child Care Benefit and access to the lower threshold of the Medicare Safety Net.