After the end of the tax year, around June or July, we’ll send you an income tax assessment. This will ask you to check the information we have about your income and family.
If the information is right, there's nothing you need to do. If your income or other family details are wrong, you'll need to let us know.
There are some income types that are not on your income tax assessment that we'll need to know about. We use these to make sure we're paying you the right amount of Working for Families. You may need to complete the Adjust your income form - IR215.
Adjusting your income for Working for Families and student loans
Weekly or fortnightly payments
Your weekly or fortnightly payments during the tax year are based on an estimate of what you will earn. At the end of the tax year, we work out your entitlement based on what you actually earned.
If we paid you too much, we’ll send you a notice of assessment showing you the amount to pay. If we did not pay you enough, we'll send a notice of assessment showing you the amount we'll refund to your bank account.
End-of-year lump sum payment
If you chose to wait and get Working for Families paid as a lump sum, we’ll work out your entitlement based on your income for the tax year just ended. This will be calculated when we finalise your income tax assessment. We’ll then send you a notice of assessment showing you the amount we will refund into your bank account.
If you get overpaid Working for Families
Any tax or Working for Families you owe should be paid by 7 February. If you have an extension of time through a tax agent, you'll need to pay by 7 April.
We’ll send you a reminder letter before your payment is due. If you have not paid your bill in full by the due date, penalties and interest may apply.
You have a few options for repaying Working for Families overpayments.