Government Benefits for Parents

The Australian Government provides a number of benefit payments to parents and families. Some of these are one off payments such as on the birth of a child. Others are ongoing payments designed to, for example, help with the cost of child care.

But, it can be pretty tough to get your head around the many payments and the eligibility rules.

Here is Life Sherpa's quick guide to Government family benefit payments.

Newborn Upfront Payment and Newborn Supplement

This payment replaces the Baby Bonus (scrapped in March 2014) and is paid following the birth or adoption of a child.

To be eligible for a newborn payment of up to $532 (for each child) which is not taxable you must:
have a baby or adopt a child
be eligible for Family Tax Benefit Part A
not be receiving Parental Leave Pay for the same child

The Newborn Supplement depends on your income and how many children you have. The maximum amount is $1595.23 for your first child and $532.35 for subsequent children.

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Vince Scully

Founder and Chief Sherpa

With over 25 years in Financial Services from consulting to management, Vince Scully is the go-to guy for wealth management and financial advice. Vince founded the Calliva Group; a fund manager, product issuer, advisor and lender to Government and private clients. Vince is an advisor to the Wealth Management Industry, and prior to his role as CEO at Calliva, a senior member of Macquarie bank’s infrastructure team.