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  1. #1
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    Default Family tax benefit A

    Can someone please help me understand this benefit?

    What is meant by ( from July 1)
    " Family Tax Benefit Part A
    Income test free area
    The higher income test free area for Family Tax Benefit Part A will remain at $94,316. Families with more than 1 child will not receive an add on amount per child."

    Is this where it reduces by 30 cents for each dollar above $94,316 ?

    Assuming too you don't get the addition p $3,796 for each Family Tax Benefit child ( is this the add on they're talking about)

    Hypothetically you earn as a family $94320 then you will get $1.20 less per payment? Is that how it works?

  2. #2
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    I have no idea but following in the hopes some one knows.

  3. #3
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    Bump

  4. #4
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    That's how I figure it. But there are different income thresholds for Home owners and non home owners apparently. We are over this threshold and have 4 kids so waiting to see how badly it will impact us as the online calculator for 2015 doesn't seem to match the new cutoffs etc

  5. #5
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    The add on is for each child after the first. So second third fourth etc. ..
    The odd system you had a base rate for 1 child and add a extra xx for every extra child.

    Now it just the base rate.

  6. #6
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    So for 2 kids prior to July 1 it's

    94,316 + 3,796
    But as of July 1 it's just 94,316 ?

  7. #7
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    That's right

  8. The Following User Says Thank You to Beljane For This Useful Post:

    maternidade  (30-05-2015)

  9. #8
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    What if your under the threshold? Do you just stay at the sane rate?


 

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