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Hi can anyone tell me how much income you have to earn before FTB a and b are decreased?
I am a stay at home mum, not working. Hubby is the bread winner and our estimated income is $60,000. As far as i know we recieve full FTB a and b. Is this right?? I think i read somewhere that the FTB a starts to decrease once the income reaches $72,000 or something like that??
I'm just trying to make sure we're getting the correct amount.
cheers :D
Hi, FTB limits vary depending on how manch children you have. In your case FTB A reduces to base rate at $72015 and cuts out all together at $111569. FTB B is based on the lower incomer earner. If the lower income earner receives under $4,672 then you would be entitled to max FTB B. It reduces by 20 cents for each dollar of income earned above that amount. As your youngest is under 5 the max the lower earner could receive before it stopped all together would be $23,817.