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October 7th, 2024

The FCAV has recorded the Care Allowance rate over the past 4 financial years for the first age bracket (0-7) at Level 1.This includes the indexation rates that have been applied to the Care Allowance rates over the timeframe:

Year

Care Allowance

Level 1 child 0-7 per fortnight

New rate

Percent increase

Amount increase per fortnight

Inflation (CPI)

 

Increase if indexed to CPI

Real value decline per fortnight

2021

$410

$418.68

2%

$8.68

3.8%

$15.58

$6.90

2022

$418.68

$427.05

2%

$8.37

6.1%

$25.49

$17.12

2023

$427.05

$435.59

2%

$8.54

7.0%

$29.89

$21.35

2024

$435.59

$446.47

2.5%

$10.88

3.6%

$15.68

$4.80

Total

 

 

 

$36.47

 

$86.64

$50.17

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