The new income threshold test for recipients of FTB part B will be reduced to $100,000 and these families will be cut off from the payment when their youngest child turns six, a drastic change from the current situation where it stops when the youngest child turns 16. FTB part B was a pet policy of the Howard government and targets families with stay-at-home mothers. Staying at home should be a parents choice but there are limits to how much support the taxpayer can give, the Treasurer Joe Hockey said in his budget speech. Read more: smh.au/business/federal-budget/federal-budget-2014-greatest-family-tax-benefit-sting-in-threshold-for-part-b-20140513-388dh.html#ixzz31dupaZiJ
Posted on: Tue, 13 May 2014 23:51:40 +0000
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