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Proposed 2014-2015 Budget How it affects Separated Families.

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Presentation on theme: "Proposed 2014-2015 Budget How it affects Separated Families."— Presentation transcript:

1 Proposed 2014-2015 Budget How it affects Separated Families

2 Family Tax benefit child add-on Current System: The amount able to be earned before Family Tax Benefit Part A is affected is increased by $3 796 for each child (excluding the first child). Proposed Budget: Removal of the child add- on system.

3 New Payment Current System: This specific payment does not exist. Proposed Budget: For those eligible for the maximum rate of Family Tax Benefit Part A, a new allowance of $750 will be introduced for each child aged between 6 and 12 years of age.

4 Large Family Supplement Current System: Subject to certain criteria, a payment is available for each child that is the third or later born child. Proposed Budget: Subject to certain criteria, a payment is available for each child that is the fourth or later born child.

5 End of Year Supplement Current System: Rises with inflation. Proposed budget: Frozen at $600 per annum for each child under Family Tax Benefit Part A and $300 for each family under Family Tax Benefit Part B.

6 Family Tax Benefit Part B Current System: Available for children aged 0-18. Primary earner’s income can be up to $150 000. Proposed budget: Available for children aged 0-5. Primary earner’s income can be up to $100 000.

7 Changed that affect those with low income Current System: No co-pay for doctor visits. Fuel excise is frozen. Proposed Budget: $7 co-pay for doctor visits, which only applies to the first 10 visits for those under 16. Fuel excise is indexed twice a year.

8 Separated families attempting reconciliation Current system: No financial assistance. Proposed Budget: Couples may be eligible for a $200 voucher to be used in counselling.


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