Even by taking up casual or part-time work
you will improve your future job prospects, gain confidence, and increase your
work-related skills. You may still
qualify for some payment while you are working.
|
Fortnightly
Income
|
Centrelink
Payments Reduced by
|
|
$0 - $150 (plus
$24.80 for each additional child) - this is called free area
|
Nil
|
|
Above the free
area
|
50 cents for each dollar above the free area
|
There are
incentives to keep working, known as:-
"Working Credit" - (Under Age Pension
age)
and
"Work Bonus" - (Over Age Pensions age)
There isn't space
here to explain them.
When your earnings reduce your payments
-
If earnings reduce the Centrelink benefit to
nil, continue to report your earnings to retain your concession card
entitlement for up to 12 week, and
-
Family Tax Benefit (Part A) or
Child Care Benefit, will continue to be paid at the same rate during this time
As a Centrelink
payment is considered taxable income, you may have to pay some tax if you start
work.
21st-January-2012 |