New to single parent pension, how much is it?

Answered 4 years ago

I was made redundant from my full time job at the start of the of the month and applied for single parent pension today, I just have one child who is 2. Previously I only got a small amount of family tax benefit (about $15 a fn) but never a pension payment, I can't get through on the phones to ask questions... ever.. so did my application online. Anyway does anyone know how much I might receive so I can atleast try to organise my finances?

Don't rent, have mortgage
1 child aged 2
Just child and I living here
Not studying
Ex just pays what he can instead of formal child support
Under 5k savings
No assets worth much
No redundancy pay out coming

I would really appreciate if any one know a dollar amount.

Thanks so much.

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Answers

ANSWER

4 years ago

Thanks I did use the online estimators, it seems like a lot of money for welfare though..
apparently $770 single parent pension, $550 corona supplement and $660 FTB =
$990 a week!! That can't be right can it?! 🤔
Essentially, after day care costs, travel expenses, I've been working 40 hours a week this last year for peanuts and fun.

0 Reply

4 years ago

No you haven’t. Working is experience. It’s harder to fight your way back into the workforce once your child goes to school than to keep your job. Not to mention the more experience you have the more your value to an employer. Short term it might seem that way but long term you and your child are much better off.

1 Reply

4 years ago

I don’t think FTB is right $660 sounds high for one child...but Coronavirus seems to have changed everything

0 Reply

4 years ago

I agree with the first two, single parent pension is around $750 And the corona supplement of $550 just came in. but FTB is about $250 for part A for 1 child and $150 for part B. And it's paid fortnightly not weekly

0 Reply

4 years ago

If it is correct, just don't put all your eggs in one basket. It's not permanent

0 Reply

4 years ago

Im a single parent the pension amount (above) and the corona payment amount is correct, but the f.tax amount is wrong, its about $300 f.tax p/f for one child max. This could be lower for you though depending on how much child support your getting.

0 Reply

4 years ago

Yeah the govt screwed over those on minimum wage

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ANSWER

4 years ago

This isn't really relevant, but is there a formal child support claim in place? Maybe that's why you only get such a small amount of ftb??
My ex and i had a formal agreement in place but it's collected privately so he only pays what he can etc but the first year i earnt $77,000 and still got about $6,000 of ftb??
My child primary age though

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ANSWER

4 years ago

Don’t factor in the corona virus supplement as that’s for a short time.
Single parenting payment is about $750 a fortnight and ftb for one child is more like $300 fortnight.
Possibly reduced depending on how much child support you receive.
Those amounts include rent assistance.

0 Reply

4 years ago

Thanks I must have done something incorrectly. I don't plan to be unemployed long 😬 here's hoping!

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ANSWER

4 years ago

You will get about $700 minimum p/f for single parent pension. If you don’t have a child support agreement through CSA you won’t receive full FTB but if you have one and it’s under private collection the assessment amount will be taken into account and it will either be left at full FTB amount or reduced based on how much he is meant to pay you. You might also be eligible for the extra $550 p/f, I’m not sure how they’re working that.

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