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You can claim the baby bonus each year until the child turns five. The baby bonus is paid whether or not you get any other family benefits and can be claimed even if you do not pay tax.
How much baby bonus you get depends on your own taxable income each year. If your taxable income is $25,000 or less you will be entitled to a minimum annual amount of $500. You may get less in the first year, as the baby bonus is calculated from the baby's date of birth (or the date you gained legal responsibility for your child). If your taxable income is more than $25,000 when you claim you will only get the baby bonus if your income has reduced. You may get more than $500 if there has been a significant reduction in your taxable income. |
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