thread: Parenting payment partnered?

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  1. #5
    Registered User

    Sep 2009
    Melbourne, VIC
    581

    if your income estimate for FTB is below the cut off to receive maximum rate ($46335) you are automatically entitled to a Health Care Card.

    Parenting Payment Partnered is income AND asset tested - for a couple who live in a home they own or are paying off, the maximum net value of their OTHER assets (i.e. investment properties, shares, managed investments, money in the bank, race horses, taxi plates etc etc) must be under $265,000 to be entitled to Parenting Payment. If you are under this limit, you qualify based on assets, but are still subject to the fortnightly income test which is as follows (bear in mind this will include any rental income you currently receive):
    * For maximum payment, your income must be no more than $62 per fortnight, and your partner's income no more than $826 per fortnight.
    * Your income reduces your payment by 50 cents for each dollar between $62 and $250, and by 60 cents for each dollar above $250 per fortnight.
    * Your partner's income up to $826 per fortnight has no effect. Income over this limit reduces your payment by 60 cents for each extra dollar.
    * A part payment may be payable if you meet all the following conditions:
    o your income is less than $825.67 per fortnight, and
    o your partner's income is less than $1,558.33 per fortnight, and
    o your combined income is less than $1,651.67 per fortnight.

    The maximum rate of Parenting Payment Partnered is $439.40 per fortnight and tapers from there based on your fortnightly income as above.

    If your DH isn't working, or is working minimal hours, he may also be entitled to claim a payment like Newstart Allowance.

    Hope that helps xx
    Last edited by e_p; November 4th, 2011 at 11:51 AM.