Australian families raising children under 12 will receive a significant boost through the Family Tax Benefit (FTA) by June 2025.
With up to $6,705 in payments available, this initiative is designed to help parents manage essential costs, providing vital support for children’s upbringing.
The benefit will be delivered in fortnightly installments of $222.04 for eligible children aged between 0 and 12. Below are the key details you should know about the program.
FTA Part A Payment: How It Helps Australian Families
The Family Tax Benefit Part A is one of the cornerstone welfare programs in Australia, offering substantial assistance to families with dependent children.
For families with children aged 0 to 12, the benefit is capped at $6,705 per year, distributed in regular payments. This amount helps families manage daily child-raising expenses such as food, clothing, and healthcare.
In cases where children turn 13, the annual benefit rises to $8,446.10, which continues until the child turns 19 if enrolled in full-time education.
The aim of these payments is to alleviate some of the financial pressures of raising young children in today’s economic environment.
Eligibility Criteria for FTA Part A Payment
To qualify for the FTA Part A payment, certain conditions must be met:
- Age Requirements: Children must be aged between 0 to 15 years or 16 to 19 years if they are still enrolled in full-time education.
- Custodial Requirements: The caregiver must be responsible for the child at least 35% of the time.
- Residency Status: The parent or guardian must be an Australian citizen, permanent resident, or have a valid visa.
Families who meet these criteria are eligible to receive the benefit, though the amount depends on income thresholds.
Income Thresholds and Payment Reductions
The amount of $6,705 is also subject to income testing. Families whose adjusted taxable income (ATI) is $65,189 or less are eligible for the full payment.
However, families earning more than this amount will face a reduction in benefits. Below is a breakdown of the income thresholds and how the payments adjust:
| Income Range | Payment Reduction |
|---|---|
| $65,189 or less | Full payment of $6,705 |
| $65,189 to $115,997 | Reduced by 20 cents per dollar over $65,189 |
| Above $115,997 | Reduced by 30 cents per dollar over $115,997 |
This tiered structure ensures that support is allocated fairly, with higher-income families receiving a lower benefit.
How to Apply for FTA Payment
Parents and guardians who are not already receiving the FTA Part A payment can apply online via the MyGov portal. Here’s how to get started:
- Create or Log in to MyGov: Set up an account on the official MyGov portal if you don’t already have one.
- Link MyGov with Centrelink: Ensure your MyGov account is linked to your Centrelink account for accurate processing.
- Submit the FTA Claim Form: Fill in the required information about yourself and your children, including income estimates and caregiving details.
Once your application is processed, the FTA Part A payments will begin, and you will receive updates about your payment schedule through MyGov.
How and When Will Families Receive the $6,705 Payment?
The FTA Part A payment schedule varies depending on individual preferences and circumstances. Most families opt for fortnightly payments of $222.04 per eligible child, while some prefer annual lump sum payments.
The total benefit amount will be distributed throughout the year until June 2025, at which point inflation adjustments will take effect.
Legitimacy of the FTA Benefit
There has been some confusion about the authenticity of the $6,705 FTA payment. Rest assured, this is an official benefit offered by the Australian government through Services Australia.
All details, including payment amounts and eligibility criteria, can be confirmed on the Services Australia website.
The FTA Part A payment provides critical financial support to Australian families, offering up to $6,705 by June 2025.
With easy application through MyGov and payments distributed regularly, this program helps ease the cost of raising children in today’s economic environment.
Ensure you check your eligibility and stay updated through the MyGov portal for any changes.
FAQs
How much is the Family Tax Benefit Part A payment for each child?
The total payment is $6,705 per year for children aged 0 to 12. After age 13, the payment increases to $8,446.10 annually.
How can I apply for the FTA Part A payment?
You can apply through the MyGov portal, linking it to your Centrelink account and completing the FTA claim form.
When will families receive the FTA payment?
Payments are generally made fortnightly, but some families may opt for an annual lump sum. Payments are scheduled to continue until June 2025, after which inflation-based adjustments will apply.