JobSeeker Payment offers financial support to eligible individuals, but the amount you receive depends on your personal situation, including your age, family status, and income. Here’s everything you need to know about payment rates, income tests, and tax obligations.
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Factors That Determine Your Payment
The amount of JobSeeker Payment you can receive is influenced by:
- Your age
- Whether you have a partner
- Whether you have dependent children
- Your income and your partner’s income over the last 14 days
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Fortnightly Payment Rates (Effective 20 September 2024)
The table below outlines the maximum JobSeeker Payment rates based on your personal situation:
| Your Situation | Fortnightly Payment |
|---|---|
| Single, no children | $778.00 |
| Single, with a dependent child or children | $833.20 |
| Single, aged 55 or older, after 9 months on income support | $833.20 |
| Single, partial capacity to work (<15 hours/week) | $833.20 |
| Partnered | $712.30 |
| Single principal carer with exemptions (e.g., foster caring, homeschooling, distance education, large family) | $1007.50 |
Important Notes About Payments
- Taxable Income: JobSeeker Payment is taxable. You can request tax deductions from your payment to help manage your tax obligations.
- Child Support Impact: Receiving JobSeeker Payment may affect the amount of child support you pay or receive. Notify Centrelink of any income changes to avoid discrepancies.
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Eligibility and Income Tests
To qualify for JobSeeker Payment, you must meet specific income and assets tests. These tests assess your financial circumstances, including savings, property, and income from other sources.
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Managing Taxes on Your Payment
JobSeeker Payment is considered taxable income. You can ask Centrelink to deduct tax directly from your fortnightly payment, which can help you avoid a large tax bill at the end of the financial year.
Stay Updated
Payment rates are reviewed and adjusted twice a year, on 20 March and 20 September. Be sure to check for updates to ensure you know your entitlements.
By understanding the factors that impact your JobSeeker Payment, you can better manage your finances and stay informed about your entitlements.
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