How to balance your payment
We compare your income estimate with your actual income at the end of each financial year. This is how we check you got the right amount.
We have information in different languages about How to balance your payment
Call our Multilingual Phone Service to speak with us in your language about your Centrelink payments and services.
If you get Family Tax Benefit (FTB) or Child Care Subsidy (CCS), we need to balance your payments. We do this separately for each payment. Read more about:
After 30 June, we confirm the amount of income you got during the financial year. We then compare this with the income estimate you gave us. We do this to check that we paid you the right amount. This is what we call balancing your payments.
Most families need to confirm their income so we can start the balancing process. However, not everyone has to do the same thing for us to balance their payments.
If you got an income support payment we may balance your FTB without you doing anything.
Use our checker to see what you need to do at tax time.
Watch this video to find out more about balancing your family assistance payments.
The amount of Family Tax Benefit you get will depend on your family income and circumstances.
Page last updated: 5 July 2021
This information was printed 29 July 2021 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/family-tax-benefit/how-balance-your-payment. 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.