How much Family Tax Benefit you can get
How much Family Tax Benefit (FTB) you may get.
Asset types
Assets are property or items you or your partner own in full or part, or have an interest in. They can affect your payment.
Income and assets tests for Parenting Payment
The amount of Parenting Payment you can get depends on your income and assets as well as your partner’s, if you have one.
Who can get Family Tax Benefit
You need to meet eligibility requirements to get Family Tax Benefit (FTB).
Income
Most types of income count in your income test. We use this and your assets test to assess if you can get a payment, and to calculate your rate of payment.
How much Parenting Payment you can get
How much Parenting Payment you can get depends on your and your partner’s circumstances.
Parent or Guardian details - for the BASE tax year and CURRENT tax year for dependent Youth Allowance or ABSTUDY customers form (MOD JY)
Use this form to provide income details of a parent or guardian if you are a dependent claiming or receiving Youth Allowance or ABSTUDY.
How to prove your identity with Centrelink
You need to prove your identity before you claim a payment or service.
Deeming
Deeming rules are used to work out income from your financial assets. We add this to your other income and apply the income test to work out your payment rate.
Employment Separation Certificate form (SU001)
You can ask your previous employer to use this form to certify important employment information about you.