Ok thanks does anybody know how much then parents can earn?
She has been looking on and off for work since she could @ 14 o_O
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23-04-2013 17:23 #11
23-04-2013 21:09 #12Senior Member
- Join Date
- Nov 2011
I think you'd be best to give centrelink a call and find out what the threshold is. It's not just income, they also take into account assets for some payments (so if you have heaps of money sitting in a savings account, they'll tell you you have to spend that first before they'll give you anything). It's different for everyone depending on the situation.
23-04-2013 23:31 #13
You cease to be able to claim Youth Allowance after you are 24.
23-04-2013 23:34 #14
This is the link to the details of the parental income and assets criteria if your child is not eligible to be deemed independent.
Parental Means Test
If you are deemed as a dependent the Parental Means Test applies to you.
There are three parts to the Parental Means Test:
•Parental Income Test
•Family Assets Test
•Family Actual Means Test.
Parental Income Test
The Parental Income Test includes:
•combined parental taxable income
•fringe benefits received from employers
•income from outside Australia
•reportable superannuation contributions, and
•net investment losses.
If your parents’ taxable income for the 2011-2012 financial year is $47,815 or less, your payments will not be affected by the income test. The rate of payment is reduced by 20 cents for every dollar over the threshold.
If your parents have other dependent children and their income exceeds $47,815, your sibling's circumstances may affect your rate of payment.
Either the Parental Income Test or the Personal Income Test (if applicable) will be applied depending upon which one has the greater effect on your payment.
In some circumstances (i.e. when parental income decreases or increases substantially) the Parental Income Test will take into account your parental income in the current tax year.
Students who need to provide us with their parents’ or guardians’ taxable income, for their annual assessment please complete the Advise Parental Income form online.
Family Assets Test
The Family Assets Test takes into account personal, business and farm assets. The test is based on how much your family would receive for the assets if they sold them, less any debts or mortgages they owe. A 75 per cent discount is applied to business and farm assets. No payment can be made if your family's assets exceed the threshold of $627,000.
Family Actual Means Test
The Family Actual Means Test (i.e. family spending and savings) applies if one or both of your parents in the previous financial year:
•had an interest in a trust, private company or unlisted public company
•were self—employed (except as a sole trader engaged wholly or mainly in primary production) or a partner in a partnership
•earned in excess of A$2,500 (including tax exempt from income) from a source in Norfolk Island or outside Australia
•were a wage or salary earner who claimed or will claim a tax deduction for a business loss (whether current or carried forward) that does not consist of a net investment loss in partnership income tax returns
•had an interest in assets held outside Australia in excess of A$2,500, or
•is a migrant who first entered Australia under a business skills category (business migrant) in the last 10 years.
Where the Family Actual Means Test applies, details of all personal spending and savings by parents and all dependent family members must be supplied to Centrelink. This assists us to measure what was spent and saved in the previous financial year. Centrelink will add the appropriate level of tax (including the Medicare levy) to the total spent and saved. This figure is the amount used for the Parental Means Test calculation.
If there has been a substantial decrease in spending and savings, in certain circumstances family actual means in the current tax year may be used.
24-04-2013 00:49 #15Senior Member
- Join Date
- Sep 2012
- Adelaide, South Australia
i have a 16yr old brother and we are unable to get youth allowance for him as he is living at home, and my 17yo brother he is still at school, and also unable to get youth allowance, my brothers girlfriend had moved out at one stage but due to living with her parents was an unhealthy environment she was entitled to youth allowance however her mum had to admit to the issues that arose at home, youth allowance isn't what it was like 8-10yrs ago, instead the parents can apply to get a certain amount which goes into their account
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