Understanding your Family Tax Benefit balancing outcome
28 September 2021
There are three possible outcomes when we balance your Family Tax Benefit (FTB) payments.
Top ups and supplements
If we haven’t paid you enough FTB during the year and your balancing outcome is a top up, we’ll pay any outstanding amounts to you. This may include the:
- FTB Part A supplement of up to $781.10 for each eligible child
- FTB Part B supplement of up to $379.60 per family.
If you have an outstanding debt with us, we may use your FTB top up and supplements to repay your debt.
If we’ve paid you the right amount of FTB during the year, you won’t get a top up or overpayment.
If your balancing outcome resulted in an overpayment, this means we paid you too much FTB during the financial year. You’ll need to repay this money back.
We can recover your FTB debt from your:
- future FTB payments, including arrears, even if you’ve entered into a repayment arrangement with us
- FTB top ups and supplements
- tax refunds.
If you’re in financial hardship it’s important you talk to us. We can work with you to set up a repayment plan you can afford.
If you live in a locked down Local Government Area, you won’t need to repay your debt right away.
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Page last updated: 28 September 2021
This information was printed 20 October 2021 from https://www.servicesaustralia.gov.au/individuals/news/understanding-your-family-tax-benefit-balancing-outcome. 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.