Calculating Family Tax Benefit (FTB) Part B 007-07070040
Expand allPPS customer with 3 children
The Part B supplement is only paid after the end of the financial year and is not included in these examples. Rates used in these examples apply for the 2020-21 financial year.
Example 1
Table 1: this table describes an example of calculating Family Tax Benefit (FTB) Part B rate. Parenting Payment Single (PPS) customer Sarah has 3 children; Tom aged 2, Vicki aged 4 and Ross aged 7. Sarah is grandfathered for Energy Supplement Part B.
These amounts may not be current. They are examples only. For current payments, see Rates and thresholds.
Couple with 2 children
The Part B Supplement is only paid after the end of the financial year and is not included in these examples. Rates used in this example apply for the 2020-21 financial year.
Example 2
Table 2: this table describes an example of calculating Family Tax Benefit (FTB) Part B rate. Fred and Carol have 2 children; Robert aged 5 and Lisa aged 12. Fred's adjusted taxable income (ATI) is $40,000 and Carol's is $6,500. Fred's ATI is below the primary earner income limit. Carol is grandfathered for Energy Supplement Part B.
These amounts may not be current. They are examples only. For current payments, see Rates and thresholds.
Single customer with shared care child
The Part B supplement is only paid after the end of the financial year and is not included in these examples. Rates used in this example apply for the 2020-21 financial year.
Example 3
Table 3: this table describes an example of calculating Family Tax Benefit (FTB) Part B rate. Melinda has 2 children; Jake is aged 5 and is in Melinda's care 50% of the time (equal to 50% FTB), Emily is aged 4 and is in her care 35% of the time (equal to 25% FTB). Melinda's adjusted taxable income (ATI) is $45,000. Melinda's ATI is below the primary earner income limit. Melinda is grandfathered for Energy Supplement Part B.
These amounts may not be current. They are examples only. For current payments, see Rates and thresholds.
Couple with two children and no Energy Supplement entitlement
Rates used in this example apply for the 2020-21 financial year. The FTB Part B supplement is only payable after the end of the financial year and is not included in this calculation.
Example 4
Table 4: this table describes calculating FTB Part B fortnightly payment rates. Natasha and Boris have 2 children - Ben is 15, Jessica is 8. Boris’s adjusted taxable income (ATI) is $45,000 and Natasha’s is $7,300. Boris’ ATI is below the primary earner income limit. Natasha applied for FTB in April 2018 and is not grandfathered for Energy Supplement Part B.
These amounts may not be current. They are examples only. For current payments, see Rates and thresholds.