Update your family income estimate for the 2020-21 financial year

30 April 2020

This will help make sure you get the right amount of Family Tax Benefit (FTB) and Child Care Subsidy (CCS).

It’s time to update your family income estimate for the new financial year. We’ll write to you soon to remind you.

Why we need your family income estimate

We use your estimate to work out how much FTB and CCS you’ll get during the financial year. When the year ends, we’ll compare it with your actual adjusted taxable income and balance your payments.

If you don’t give us a family income estimate, we’ll estimate it for you using information from the previous financial year. We might increase your estimate in line with changes to the Australian Average Weekly Earnings.

However, this may not be accurate. It’s better if you estimate your own family income to reduce the risk of getting a debt. Remember, you can change your income estimate at any time during the year.

Even though you won’t pay child care fees until the end of June, you still need to update this information.

How to update your family income estimate

The easiest way to update your family income estimate is online using either your:

You can use our online guides to help you:

While you’re online, you can also review your recognised activities. For help, use our online guide to update your activity test for Child Care Subsidy.

If you don’t have an online account, you can still do these things in person or over the phone.

Where you can get more information

Read more about:

Read more news for families.

Page last updated: 7 May 2020