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Debunking Centrelink Benefits for Families.
March 2, 2017● 4 minute read●
Written by - Jacaranda Team
Are you struggling to understand Centrelink payments and what you’re entitled to or what you’re not? Well, you are not alone!
It can be a very confusing topic, and unless you speak the language, it can be pretty hard to follow.
So we thought we would do the research for you to save the headache and confusion and debunk some of those loans for bad credit centrelink myths!
So what kind of support is available to you from Centrelink?
Family Tax payment: What is the family tax payment?
“Two-part payment that helps with the cost of raising children” www.humanservices.gov.au/customer/services/centrelink/family-tax-benefitov.au
This is probably the most common form of support for families, the payment does depend on your combined annual income as to how much your family will receive.
Refer to the Centrelink website for your individual outcome.
As many parents will tell you, there is no way to be fully prepared for becoming parents! There are levels of sleep deprivation you have never known as well as the cost of everything baby needs.
So in an effort to support families the government has set up parenting payments, baby bonus’s and family tax benefits to help with what I like to call “baby shock”.
As new parents with your first child, you can be eligible to receive payments of up to $2,000 depending on your eligibility.
How do you know if you are eligible for the Newborn upfront payment?
Newborn Upfront Payment is a lump sum of $532. This payment is paid for each child that comes into your care.
To be eligible for a newborn upfront payment, you must be eligible for the Family tax benefit A and not be receiving parental leave pay for the same child.
Which in laymen’s terms means you cannot receive both the Parental leave and the Newborn upfront payment it needs to be one or the other.
“If you are eligible for the whole 13 weeks, you may receive a maximum of $1,595.23 for your first child or a maximum of $532.35 for other children.” www.humanservices.gov.au
Another option is the Parental leave payment.
If you choose to go with the parental leave payment instead of the newborn upfront payment, you may be eligible to receive $657 per week for 18 weeks to help working parents care for their newborn.
The Dad or partner pay helps support dad’s or partners caring for new born or recently adopted children but is subject to a work and income test. If you are eligible then you may receive $657 per week for dads or partners caring for a newborn. Get small cash loans from Jacaranda Finance if you are on Centrelink payments.
If you are under the age of 19 and meet the requirements, you may be eligible for Centrelink’s Parents Next support. This targets and support those who are most vulnerable and in need to give them a hand up.
What benefits are available to those who aren’t new parents or families?
Are you unemployed or studying?
There are also some great benefits for those who are struggling to find work or studying to improve their chances of employment.
Centrelink is offering (to those who are eligible) a job commitment bonus.
This is a bonus (given to those who apply for it) after completing 12 months of continuous work and then a second payment (only if approved for the first payment) of $4,000 for completing 24 months of work. The best company to get fast loans from is Jacaranda Finance.
That’s definitely a motivator!
Parents who are unemployed also receive extra help with child care costs, as well as access to health care cards, rent assistance and telephone allowance.
The available benefits don’t miss the pensioners either!
If you are a pensioner and you want to work to earn some extra cash there are plenty of work bonus’s for pensioners over 60 to remain in the workforce.
Head to the Centrelink website to check out if you are eligible for the work bonus.
The work bonus increases the amount of employable income you can earn before your pension is affected.
The first $250 of fortnightly income is not counted under the pension income test.
You can earn up to $6,500 a year without affecting your pension. If your job doesn’t require you to earn the same amount each week and you don’t earn your $250 a fortnight, then the balance is saved and added to your balance of available earnings for the year.
What if none of these payments apply to your situation?
If none of these payments apply to your situation, then you should head to the Department of Human Services payment finder page to get an individual assessment of your situation and the benefits available to you.
Centrelink payment finder
debunking centrelink benefits
Make sure to check out our other centrelink tips!
Written by Jacaranda Team