Is it true?? $1000 per child??

[Kitt3n]

woo hoo - !! homebuyers grant that is...

is FTB A the one that most of us get?

[Indadhanu]

Sushee I think you are thinking of FTB(B)...

Family Tax Benefit (FTB) Part B provides extra assistance to single parents and families with one main income. This includes circumstances where one parent chooses to stay at home or balance some paid work with caring for children.

From 1 July 2008, FTB Part B will be limited to families where the primary earner has an adjusted taxable income of $150,000 or less per annum.

[sushee]

Thanks Leasha,

I was just confused because since the last budget, the 'benchmark' of when a family was considered to be low or middle income was pretty much if they had a combined income of less than 150k. So when they say they're giving low and middle income earners $1000, I wonder if my family qualifies as a low/middle income family. Because I thought everyone with children got FTB part A, not just low/middle income earners. So if getting FTB(A) is the 'qualifying' criteria, then won't anyone with a child get the $1000?

Or is there an income threshold after which you don't get FTB (A or B) at all?

[Rach75]

Doesn't everyone receive FTB Part A? Not just low and middle income earners? I receive it as a lump sum at the end of the year, I wonder if I will get it, esp since my family income just about exceeds the $150k threshold?

no its B thats most common its the one based on lower earner ie SAHM, we dont qualify for tax a but get full amount for tax b as I am a SAHM

[Indadhanu]

FTB(A) has an income test...

For Family Tax Benefit Part A, if your family's actual annual family income for this financial year is $42,559 or less, your payment will not be affected by the income test.

If your actual annual family income is more than $42,559 for this financial year, your payment will reduce by 20 cents for each dollar above $42,559, 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 actual annual family income reaches $94,316 a year (plus $3796 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.

(can you tell I'm bored I'm searching the CENTRELINK website LOL

[briggsy's girl]

FTBA is limited income for families depending on the number of children and the combined family income. i would hope that, if you collect FTB at the end of the year, it would be based on whether you met the elgibility criteria on the date in question (so Dec 8 as it appears to be) - in cases where you don't receive it prior to that date as your income is over the threshold (ie you have one child) but another is born later that allows you to receive it for the later half of the year, then you'd not receive it in a lump sum payment.

having said all that, it's only on the news sites at the moment - i just checked a few of the govvie websites, and i'm only assuming this is how it will be - i'm sure it will be in the media a lot of the next few days, but i would suggest checking Family Assist or FaHCSIA websites for clear information

[sushee]

Even more confused now!

Okay just checking again: I get FTB (A) as a lump sum but as a double income family I get no FTB (B). And according to Rudd's announcement, anyone on receiving FTB (A) will get $1000. So doesn't that mean almost anyone with a child will get it?

[sushee]

Okay, so basically I should get very little (if any) FTBA this financial year at all, as my family income is a fair bit over the threshold of $94,316 + $3796. Which means I likely won't get the $1000.

Oh well. It was a nice thought. Lol!

[Astrolady]

Yep Sushee, if you receive A you get it. B isn't in the consideration.

Love

[Sair]

No not everyone will get it if their incomes are over a certain amount as in this table

Table 2: Income limit at which Family Tax Benefit Part A including the supplement is no longer paid Number of Children
0-17 years Number of Children 18-24 years
No children One Two Three
No Children - $102,249 $113,978 $126,607
One $100,801 $112,530 $125,159 $137,788
Two $111,082 $123,711 $136,340 $148,969
Three $122,263 $134,892* $147,521* $160,150*

A bit hard to read like that, might make more sense online at the FA site

[Pretty Butterfly]

Going off my own payments, FTB B is payed to low income. You either recieve it, or you dont qualify.

But FTB A is payed on a sliding scale, on the LOWEST income earners salary. So you should get it Sushee.

But since you dont get it as a fortnightly payment, not sure WHEN you'll get it???

[MantaRay]

No Sush, not everyone gets FTB. I don't get any. Bummer, $2000 would be a lovely surprise!

[sushee]

That made sense to me, LMS - thank you for the info. It confirms that I'm ineligible for FTB this financial year.

Jodie, FTBA is paid based on combined income according to the FAO website, and for 2 kids under 18, it's $111, 082, so I actually am ineligible for FTB at all.

[New Dawn]

lol me so confused but dont think anyone can help me there, as I have no idea if we are A or B but think we are B ( I am a SAHM, BHL is $120,000pa but we have 3 winkies ) so dont think we will get it would be nice if we did would help with the move....

But on the upside we havent brought a house yet so we might have to save save save before the july cut off and get ourselves one ...

[little_Miss_Chez]

im a bit confused , im a sahm so i get the single parents pension as well as ftb a & b , so will that meanboth payments or is when pension is said does it only classify old age persons?

[AliBaby]

I am not going to benefit fromt his as I dont fall into any of the areas but that is fantastic news! It was just on the channel 7 news as well. I am not a labour supporter but this is just what people need at this crucial time esp with Christmas around the corner. Well done Keven Rudd (if it goes ahead!!!)

[Mama2two]

I wasnt sure if my family would recieve it either but just heard on the news its $1000 per child and will start being paid in the cycle of 8 december.

[satya]

From what they are saying on sky news on Foxtel it will be given to families who get Part A - $1000 per each eligible child from 8th December.

I hope you don't have to be receiving the full amount of Part A to get it.

I only get a tiny amount of Part A and we are by no means high income earners.