In Australia there are various expenditures that might get all the earnings. For this the Government or centrelink issues the support payments. Today we will talk about the one payment that provides the support to the parents. This support is known for parenting payment and with this we will know the parenting payment latest updates. The $706.20 Per Fortnight Parenting Benefit 2024 is rolling out in Australia. Let’s see this! This Parenting payment is the income support program offered by the Australian Government which assists the parents and guardians in raising their children. This parenting payment recognises the financial pressures or the responsibilities that come with child’s parenting.
This parenting payment targets the limited earnings carers. This parenting payment can help in alleviating the costs or expenditures that are associated with raising children. This payment enables the parents or carers to provide the stable or nurturing environment to the children. This payment’s main aim is to support the families during the critical developmental stages in the children’s life. This payment is only available to the qualified parents or guardians or carers and also this is mainly for the children you are younger than 14 years. We have known about the basic parenting payment. Now we will see who can get the $706.20 parenting payment.
$706.20 Per Fortnight Parenting Benefit 2024
This $706.20 per fortnight benefit is available to the parents, carers or guardians who are under the age pension or 67 years. The parents who are married can have this total assistance of $706.20. This assistance amount of $706.20 includes the amount components as basic rates or the supplement rates. This $706.20 per fortnightly amount has effectiveness from 20th March 2024 till 19th September 2024. On 20th September 2024 this $706.20 amount got revised and raised to $720.20 per fortnight. This means that for the parenting payment this $706.20 amount is not available now. As each year the parenting payment gets revised on 20th March and 20th September as per the inflation. Check this guide to know more on Fortnightly Parenting Payout Date 2024. With this we may also see this parenting payment amounts, eligibility conditions and issuance schedule.
Parenting Payment Centrelink 2024- Overview
| Post Title | $706.20 Per Fortnight Parenting Benefit 2024 |
| Year | 2024 |
| Name of the Country | Australia |
| Issuing Authority | Service Australia or Centrelink |
| Payment Name | Parenting Payment |
| Centrelink Parenting Benefit Eligibility 2024 | Qualified Carer for the young children |
| Objective | Financial Support |
| Payment Frequency | Fortnightly |
| Australia Parenting Benefit Payout Date 2024 | See this guide |
| $706.20 Amount Effectiveness | 20th March 2024 till 19th September 2024 |
| Centrelink Parenting Payment Amount 2024 | Refer to the Table in the post |
| Post Category | Finance |
| Official Web page | www.servicesaustralia.gov.au |
Centrelink Parenting Benefit Eligibility 2024
- Residency in Australia for both the children and the parent is required.
- The parent, guardian or the carer can’t claim this payment before the child is born.
- The earnings or the resources limits must be followed.
- The career rules for the singles and the married couples must be followed.
- The child’s age should be 14 years or less when the guardian is single.
- The child’s must be younger than 6 years when the guardian is married.
- The parent, guardian or the carer must be fully responsible for Day to day care, development of the child.
- The parenting payment should only be issued to the one parent.
Australia Parenting Benefit Payout Date 2024
This $706.20 is the past payment which was delivered from 20th March 2024 till 19th September 2024. This amount is now raised to $720.20. The Centrelink does not issue any schedule for this parenting payment but the schedule for the payment can be available on the mygov account. This means that the carer can check their schedule for the payment from the mygov account.
Centrelink Parenting Payment Amount 2024
| Under Age Pension Age | Amount Component | 20th March 2024 – 19th September 2024 | 20th September 2024 – 19th March 2025 |
| Single Parent | Base Pension | $959.40 | $978.60 |
| Supplement | $28.30 | $28.90 | |
| Energy Supplement | $12.00 | $12.00 | |
| Total | $999.70 | $1019.50 | |
| Partnered Parents | Base Pension | $698.30 | $712.30 |
| Energy Supplement | $7.90 | $7.90 | |
| Total | $706.20 | $720.20 | |
| Over Age Pension Age | Amount Component | 20th March 2024 – 19th September 2024 | 20th September 2024 – 19th March 2025 |
| Single Parent | Base Pension | $959.40 | $978.60 |
| Supplement | $81.60 | $83.20 | |
| Energy Supplement | $14.10 | $14.10 | |
| Total | $1055.10 | $1075.90 | |
| Partnered Parents | Base Pension | $698.30 | $712.30 |
| Supplement | $61.50 | $62.70 | |
| Energy Supplement | $10.60 | $10.60 | |
| Total | $770.40 | $785.60 |
Facts: $706.20 Per Fortnight Parenting Benefit 2024
This $706.20 is the reliable payment till 19th September 2024. This means that now this payment amount is not available. But this parenting benefit is available with the new amount of $720.20. This payment is for those carers who are under 67 years and they are married. For more updates on the parenting payment the resident can go on the official Centrelink page or Service Australia page.
FAQ Related To $706.20 Per Fortnight Parenting Benefit 2024
Yes, the claimant can work while parenting payment.
No, this parenting payment is not considered taxable.
Yes, both the single and married parents can claim for parenting payment.
This $706.20 parenting payment is reliable till 19th September 2024.
The Parenting payment on 20th September 2024 will be $720.20.
