Parental Leave Pay explained (2024/25 financial year)

Planning time off with a new baby? In this video, we unpack everything you need to know about Parental Leave Pay in Australia – in a way that’s easy to follow and up to date for 2025. We’ll explain how much you get paid, how long it lasts, who’s eligible, how the income tests work, and how to apply through Centrelink. You’ll also learn the difference between Parental Leave Pay and maternity leave, how it works for single parents and couples, and what options are available if you don’t qualify. Whether you're a first-time parent or just need a quick refresher, this guide will save you hours of scrolling through confusing government websites. 👉 Stay informed. Stay organised. And take the stress out of planning your parental leave. Relevant helpful links: Payment Rate - https://www.servicesaustralia.gov.au/... Income Test for Parental Leave Pay - https://www.servicesaustralia.gov.au/... Newborn Upfront Payment and Newborn Supplement - https://www.servicesaustralia.gov.au/... If you would like tailored financial advice from an Australian licensed Financial Planner visit us at https://guidedinvestor.com.au. --TIME STAMPS— 00:00 - Introduction 00:30 - Payment rate 00:52 - Duration of payment 01:13 - Sharing the payment with your partner 01:37 - Eligibility for Parental Leave Pay 02:18 - Income Test for Parental Leave Pay 03:29 - How to claim 04:17 - Is the payment taxable? 04:33 - Parental Leave Pay vs Maternity Leave 05:31 - What if you're not eligible for Parental Leave Pay? 05:51 - Wrapping things up DISCLAIMER: The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice. The video is power by Guided Investor. Guided Investor is a corporate authorised representative (CAR:001290418) of Symmetry Group (AFSL: 426385). Its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. Guided Investor disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit: https://guidedinvestor.com.au/