Keep more of your student or apprentice payment with Income Bank

Published: 20 January 2026

If you’re working and studying this semester, Income Bank can help you keep more of your Youth Allowance, Austudy or ABSTUDY payment.

Income Bank is a credit system that helps manage your income so you can keep more of your payments.

It knows that some fortnights you might earn a lot and other fortnights you might earn less.

You build credits when you earn less than $539 a fortnight.

If you earn more than $539, we’ll automatically reduce your Income Bank credits before we reduce your payment.

You don’t need to do anything to use Income Bank. You can check your credits in your Centrelink online account.

Check how the Income bank can help you.

Page last updated: 20 January 2026.
QC 83526