Eligible individuals who are receiving family tax benefit (FTB) will not need to make a claim for SIFS as the payment will be automatically calculated and included in their entitlement at the end of the year. Eligible individuals who are not receiving FTB will need to apply to receive this payment.
1 July 2019 – 30 June 2020
|
Single income family supplement (SIFS) |
|
|
Income assessed |
Taxable income |
|
Tax treatment |
Tax exempt |
|
Eligibility criteria |
Claimant must:
|
|
Primary earner income test |
|
|
Less than $68,000 |
Nil |
|
$68,000 – $79,999 |
$0.025 per $1.00 of income above $68,000 |
|
$80,000 – $120,000 |
$300 |
|
$120,001 – $149,999 |
$300 reduced by $0.01 per $1.00 above $120,000 |
|
$150,000 and above |
Nil |
|
Secondary earner income test |
|
|
Income limit |
$18,000 |
|
Rate of reduction |
SIFS calculated under primary earner income test is further reduced by $0.15 per $1.00 of secondary earner’s taxable income above $16,000 |
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