Money & Tax Tools

You're generally a tax resident if you live in Australia permanently, or have been here for more than 183 days in a financial year. Tax residents pay tax on worldwide income but benefit from the tax-free threshold ($18,200).

FTB Part A maximum rate is $227.36 per fortnight per child aged 0-12 and $295.54 per child aged 13-15 (2025-26). Rates reduce when family income exceeds $62,634.

Most Australian tax residents pay a 2% Medicare levy on taxable income. You may be exempt if your income is below the threshold, or you may pay the Medicare Levy Surcharge (1-1.5%) if you earn over $93,000 and don't have private hospital cover.

A common guideline is spending no more than 30% of your gross income on rent. In expensive cities like Sydney, many people spend more. Use our Rent Calculator to get a personalised estimate.

Most Centrelink payments are made fortnightly. FTB can be paid fortnightly or as a lump sum after the end of the financial year. Use our Payment Calendar to see exact dates.