Example couple with one child
The following example shows how to pay a couple (with one child) getting Young Parent Payment who is subject to youth money management.
Step 1 Add up costs | $40.00 car repayment | Total costs: $460.00 |
Step 2 Deduct Extra Help from total costs | $460.00
| Total costs not getting assistance for: $114.29 |
Step 3 Divide by 2 | $114.29 รท 2 | Amount each partner must contribute: $57.14 |
Step 4 Partner 1 not getting any Extra help | Must contribute $57.14 towards the redirection of costs (this will be taken off the highest cost). Set up the following redirection:
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Step 5 Partner 2 getting Extra help and family tax credit | Must contribute $402.85 ($57.14 + $144.00 AS + $49.80 TAS + $151.91 FTC) towards everything else. Set up the following redirections:
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After the above is complete, process the in-hand allowance for each young person on the balance remaining of their individual payment.
Note a young person cannot review the decision on how the Young Parent Payment is paid to them.
