Income Test for Family Tax Benefit Part BThis income test is effective from 1 July 2008. From 1 July 2008, Family Tax Benefit (FTB) Part B is limited to families (single parent or couple) where the primary earner has an adjusted taxable income of $150,000 or less per annum. Single parent families whose adjusted taxable income is more than $150,000 will no longer be eligible for FTB Part B. Single parent families with income at or below this limit will continue to receive maximum rate FTB Part B. Two parent families where the primary earner has an adjusted taxable income of more than $150,000 will no longer be eligible for FTB Part B, regardless of the income of the lower income earner. Where the primary earners income is at or below this limit, the payment of FTB Part B will be assessed on the basis of the secondary earners income. Secondary earners can earn up to $4526 each year before it affects the rate of FTB Part B. Payments are reduced by 20 cents for each dollar of income earned over $4526. If you are the secondary earner and your partner earns $150,000 or less, you can still get some FTP Part B if your income is below:
For more information about the different forms of income that are assessed by Centrelink go to the Income information. Did you find what you were looking for? You can also try the A-Z list, quick links, search, site help or send us feedback on how to make this a better website. |