Earning extra money while getting a student payment?

11 December 2018

You can use Income Bank to keep more of your student payment while you’re working.

Income bank lets you earn credits when your income is less than $437 a fortnight. You can use these credits to offset income you earn above that amount in a fortnight. This means, when you earn more than $437 a fortnight, your Income Bank credits will reduce.

This might help you if the hours you work change each week. It means your payment won’t reduce as soon as you earn a bit extra. We won’t reduce your payment until you have 0 Income Bank credits and you earn more than $437 a fortnight.

Income Bank is an automatic part of your Centrelink online account. You have one if you report your income and get one of the following:

You can check your Income Bank balance in your Centrelink online account. Find it under My Profile, My Finances.

Remember, you need to report your income and keep us updated if your circumstances change. You can do this in your Centrelink online account through myGov. You can also use the Express Plus Centrelink mobile app.

Next steps

Read more about Income Bank, including an example of how it can apply.

Ask us about student payments on our Student Update Facebook or Twitter.

Read more news for students and trainees.

Page last updated: 11 December 2018