Family Payments Will Increase from July 1

[vc_row][vc_column width=”1/6″ offset=”vc_col-lg-1/5 vc_col-md-1/5 vc_col-xs-1/5″][us_image image=”66631″ size=”thumbnail” align=”left” style=”circle” has_ratio=”1″][/vc_column][vc_column width=”1/12″ offset=”vc_col-lg-4/5 vc_col-md-4/5 vc_col-xs-4/5″][vc_column_text]By Susan Templeman MP[/vc_column_text][us_post_date][/vc_column][/vc_row][vc_row][/vc_row][vc_column][/vc_column][vc_column_text]

More than 1.4 million Australian families will see an increase to their Family payments, and about 1 million pensioners will benefit from increases in means test free areas, limits and deeming thresholds.

• Family Tax Benefit A will increase by up to $204.40 per year for families with a child under 13 years, and $255.50 per year for those with a child 13 years and over.
• Family Tax Benefit B will increase by up to $164.25 per year for families who have a youngest child under five and $116.80 per year for those whose youngest child is aged five to 18.
• The amount of income or assets an Age Pension, Disability Support Pension or Carer Payment recipient can have before their payment is affected will also increase.

I’ve put a link to more information in comments.