Balancing for Family Tax Benefit is approaching
3 June 2021
There’s a few things you can do online now to get ready.
What is balancing
At the end of each financial year, we need to balance your Family Tax Benefit (FTB).
When the financial year ends on 30 June 2021, we compare how much FTB you got with how much you’re entitled to. This is what we call balancing.
What you can do now to get ready
You don’t need to call or visit us to balance your FTB payments from July 2021. There are a few things you can do online to get ready.
- link your Centrelink online account to myGov
- make sure you’ve downloaded the latest version of the Express Plus Centrelink mobile app
- like and follow Family Update on Facebook so you can read the latest balancing updates
- stay up to date about payment balancing for 2020-21 by subscribing to news for families.
Page last updated: 23 August 2021
This information was printed 8 September 2021 from https://www.servicesaustralia.gov.au/individuals/news/balancing-family-tax-benefit-approaching. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.