Check out the latest updates on the $987.70 Payment + $28.30 Pension Supplement for Australia: Check Eligibility and Payment Dates. Read the article to learn about the eligibility criteria, application process, and how income and assessment tests impact the receipt of this payment.
$987.70 Payment + $28.30 Pension Supplement for Australia
Parenting Payments offered by Centrelink are vital financial aids to support Australian households in meeting the cost associated with raising a child. These payments cover essential expenses such as clothing, food, education, and other necessities essential for child development.
Being a parent brings a lot of responsibility, and looking after your child while employed is a big task. Centrelink designs the Parenting payment to provide financial support to families to ensure children’s needs are adequately met. As we have come to the end of July, this financial aid continues to be a significant resource for millions of households.
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$987.70 Payment + $28.30 Pension Supplement Eligibility Check
To qualify for the Parenting payment, applicants must meet specific criteria set by Centrelink.
- The claimant must be the primary carer of the child who meets the age criteria. For lone parents, the child must be under 8, while partnered parents must have a child under six.
- Applicants need to be Australian residents and physically present in Australia when they submit their claim.
- There are income and asset tests to ensure the payments go to families who need them most. For instance, single parents’ assets must not exceed $314,000 if they own a home, and the income threshold applies depending on the family’s circumstances.
- Individuals must not be receiving certain other payments, like Newstart Allowance, Youth Allowance, or Austudy simultaneously.
To be continuously entitled to the parenting payment, an individual must reside in Australia as an Australian resident.
How to Claim For Parenting Payment
Claiming the $987.70 Parenting Payment + $28.30 Pension Supplement payment involves several straightforward steps.
- First, log in to your myGov account to apply for the parenting payment. If you do not already have one, create an account on myGov and link it to Centrelink.
- Utilize your myGov account to verify your identity by providing details from documents like your passport or driving license.
- Login to your Centrelink online account through myGov, select ‘Make a claim or view claim status,’ and choose’ Apply for Parenting payment.’
- Now follow the instructions shared on the application and submit it. Start filling out the form.
- Depending on your circumstance, Centrelink may require additional documents to support your claim. Make sure you have these ready while filling out the application.
After submitting your claim, Centrelink will communicate the status of your application and any further actions required.
$987.70 Payment + $28.30 Pension Supplement Payment Dates
The amount received under the Centrelink parenting payment varies based on whether the applicant is single or partnered. As of July 2024, the maximum fortnightly payment for single parents is $987.70, including a pension supplement of $28.30. Meanwhile, for partnered parents, the maximum amount disbursed per fortnight is $698.30.
Now, you might be wondering on what date the payments are credited. We would like to inform you that parenting payments are typically made fortnightly. If the partners are apart due to reasons such as illness or prison, the maximum payment increases to $816.90. The payment rates are subject to adjustments twice a year, typically on 20 March 2024 and 20 September 2024.
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All We Know
The income and assets tests are crucial in determining the amount of parenting payment a family can receive.
- Single parents can earn up to a certain income before their payment starts to reduce. The reduction rate is 40 percent for each dollar earned over the threshold, whereas partnered parents have different thresholds based on their combined income.
- The value of assets owned by the applicants also affects the eligibility. For instance, a single parent who only owns a home must ensure their assets do not surpass $314,000.
Stay informed and updated by regularly checking Service Australia’s authentication portal or seeking advice from a financial expert.
