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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15

Detailed household outcomes

Sole parent
One Dependant, aged <6
Two Dependants, aged <6
Two Dependants, aged 6‑13
Single income couple
One Dependant, aged <6
Two Dependants, aged 6‑13
Three Dependants, one aged <6 and two aged 6‑13
Dual income couple
70:30 income split, One Dependant, aged <6
70:30 income split, Two Dependants, aged <6
70:30 income split, Three Dependants, aged 6‑13
50:50 income split, One Dependant, aged <6
50:50 income split, Two Dependants, aged 6‑13
Individuals
Single person
Pensioners and CSHC holders
Singles
Couples
 
End notes
  • (a) Government payments include income support payments (for example, Newstart and Parenting Payment) and family payments (for example, Family Tax Benefit Part A and Part B). Rent Assistance is excluded.
  • (b) Tax paid is equal to income tax including the Medicare Levy.
  • (c) The restriction of eligibility for Family Tax Benefit Part B to families with children aged under six commences on 1 July 2015 but is grandfathered for two years for existing recipients and will therefore be fully implemented from 2017-18. For illustrative purposes, the tables assume that this policy change is fully implemented from 2016-17.
  • (d) The two cameos for Pensioners and Commonwealth Seniors Health Card (CSHC) holders are for people who: are home-owners, have financial assets that are investments that earn a rate of return equal to current deeming rates, and have no other assets or private income. Deemed income from the specified level of assets is thus income for pension income-testing, and is also taken to be equal to adjusted annual income for CSHC income-testing.