Balancing Family Tax Benefit

What is balancing

If you get Family Tax Benefit fortnightly, the amount you’re paid during the year is based on your family income estimate.

Balancing is the annual process where the department checks you were paid the right amount of Family Tax Benefit during the financial year.

Once the financial year ends, we’ll compare what you were paid during the year, based on your family income estimate, with what you are entitled to, based on your actual family income.

If you weren’t paid enough, you may get a top up. If you were paid too much, this is an overpayment you’ll need to pay back.

What you need to do

Balancing of Family Tax Benefit payments for 2018-19 can start from early July, once you’ve received your final payment for the financial year.

Most families will also need to do something so their payments can be balanced.

If you and your partner need to lodge tax returns, the Australian Taxation Office will send us your income information.

If you don’t need to lodge a tax return, you can advise this and confirm your family’s income with your Centrelink online account via myGov or the Express Plus Centrelink mobile app.

Once we have this information, we’ll balance your Family Tax Benefit.

There’s no need to call. You’ll get a letter when your Family Tax Benefit is balanced. You can also check with your Centrelink online account through myGov or the Express Plus Centrelink mobile app.

The letter will explain the outcome of your balancing and show you the amount you received, against the amount you were actually entitled to.

If you’re eligible for a top up because you weren’t paid enough, or you’re eligible for any supplement payments, and you don’t have any family assistance or Centrelink debts, we’ll pay this amount into your bank account. If you have a tax debt, your top-up may be used to repay this debt.

If you do have a family assistance or Centrelink debt, we’ll use any top up or supplement payments you get to reduce your debt. If you were paid too much and have to repay money, the letter will have information about the overpayment and your options to pay it back.

More information

  • You can find more information about balancing Family Tax Benefit here.