Family Tax Benefit (FTB) is a Centrelink payment that may help eligible families with the cost of raising children. It has two parts: Part A is generally based on your family’s income, children’s ages and care arrangements, while Part B may depend on family circumstances and the youngest child’s age. You usually need to meet residence, care and income requirements, and Services Australia makes the final decision based on your details. Check your circumstances and payment estimates through servicesaustralia.gov.au.