For students/apprentices aged 16-24
Fortnightly Payment
$455.20
Annual Payment
$11,835.20
Max Base Rate
$455.20
per fortnight
Income Reduction
-$0.00
per fortnight
Understanding Austudy and Youth Allowance payments
Youth Allowance
Youth Allowance is for young people aged 16-24 who are studying full-time, undertaking an Australian Apprenticeship, or looking for work. The rate depends on whether you are independent, live at home, and your age. The maximum fortnightly rate for independent students is $762.70 and for those living at home is $455.20.
Austudy
Austudy is for students and Australian Apprentices aged 25 and over. It provides a fortnightly payment of up to $762.70 to help with living costs while studying full-time or doing an approved apprenticeship.
Income Test
You can earn up to $150 per fortnight before your payment is affected. For income between $150 and $256, your payment reduces by 50 cents for each dollar over $150. For income above $256, your payment reduces by 60 cents for each dollar over $256. This means higher earners may receive a reduced payment or no payment at all.
Student Income Bank
The Student Income Bank allows you to accumulate credits when you earn less than the income free area. These credits can offset future income, letting you earn more before your payment is reduced. The maximum balance is $12,000.
Key Thresholds
Income Free Area
$150 per fortnight before any reduction applies.
50% Taper Band
$150 to $256 per fortnight — 50c reduction per $1.
60% Taper Band
Over $256 per fortnight — 60c reduction per $1.
Income Bank Max
$12,000 maximum Student Income Bank balance.
Services Australia Rates: This calculator uses current rates for 2025-26. Eligibility depends on additional factors including study load, residency status, and parental means testing for dependent students.
Disclaimer: This calculator provides estimates based on current ATO rates and thresholds for the 2024–25 financial year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax agent before making financial decisions. Read our terms
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