Youth Allowance limit (1 Viewer)

[_emily_]

Hi,

Is it true that if you have a certain amount of money in your bank account (say more than $10,000), Centrelink stops your youth allowance?

Thanks, any help would be great

 

[BLIT2014]

http://www.humanservices.gov.au/customer/enablers/centrelink/youth-allowance/income-assets-test

 

[911wasaninsidejob]

Get a job

 

[911wasaninsidejob]

You're actually hilarious, ha ha ha.

It's not hard.

 

[urmum65]

it says $10,600 in income bank is the limit.

 

[Sonesful]

How can they even check how much money is in your bank account?

 

[isildurrrr1]

it says $10,600 in income bank is the limit.

That's 'income bank' not your asset. Income bank just means you can earn over X amount a fortnight before your payments gets reduced.

It's accrued something like 450 a fortnight, so lets say you haven't worked in 10 fortnights you get 4500 in your income bank. In the summer you somehow made 4500 in a fortnight, it wouldn't reduce your centrelink payments since you used the 4500 credit from your income bank.

Soneseful: they can give the ATO a call (since they're under the ATO) and find out what bank accounts in aus you have. If you lied to them (purposely) you are committing centrelink fraud and its a crime punishable up to 10 years imprisonment. Don't fuck with the gov.

For youth allowance, the max assets is 450k. So unless you got 450k in the bank you're fine.

 

[StudyToDeath]

I'm going to show proof of identity at Centrelink tomorrow afternoon. How like will I be expected to wait? I've heard you have to wait in line for HOURS!!!