Some Centrelink and Government payments need to be included in your taxable income and others are tax exempt. To make allocating easy we've created income categories that align with the reporting requirements.
Family Benefits and Child Support
Family benefits, including Part A and Part B Family allowances and childcare rebates, are tax exempt. When allocating these payments from Bank Feeds select the 'Personal' icon and then category 'Centrelink - Family Benefits Payments'.
Child Support is also an excluded income. When allocating these payments from Bank Feeds select the 'Personal' icon and then category 'Child Support'.
Australian Government Pensions & Allowances
Most pensions and allowances are taxable and must be included in your taxable income, if tax is withheld by Centrelink these amounts should also be included.
When allocating Government payments from Bank Feeds select the 'Work Tank' icon and then select the appropriate "Pension", "Newstart", "Youth Allowance" or "Austudy" category. All other payments should be allocated to the 'Government Allowances' category.
Category "Pension"
ABSTUDY Living Allowance, if you’re 16 or older
Age Pension
Carer Payment, if you or the care receiver is Age Pension age
Dad and Partner Pay
Disability Support Pension, if you’re Age Pension age
Category "Category "Austudy"
Austudy
Category "Youth Allowances"
Youth Allowance, if you’re 16 or older.
Category "Newstart"
Newstart
Category "Government Allowances"
Disaster Recovery Allowance
Farm Household Allowance
JobSeeker Payment
Parental Leave Pay from us
Parenting Payment
Special Benefit