New Farm Household Allowance

Explore other news about

This news is missing similar interests
If this is your news, log in to add focus tags

The Farm Household Allowance is available to farmers with an off-farm income of less than $23,348 per member of a couple, or $25,480 for single farmers.

You DO NOT need to be in a drought declared area to be eligible for the Farm Household Allowance.

Your net farm assets need to be below $2,550,000 as well as meeting criteria for off-farm assets.

More details on the Dept of Agriculture website

Please contact your financial adviser for advice regarding this allowance.