Family Tax Benefit

Family Tax Benefit (FTB) is a government payment designed to help eligible families with the costs of raising children. It’s divided into two parts: Part A, which provides financial support based on your family’s income and number of children, and Part B, which offers extra assistance for single-parent families or those with single-income households. The amount you receive depends on factors like income level and family size. FTB payments can be received fortnightly or as a lump sum, helping to ease the financial burden associated with parenting.