NDIS funding periods explained: What you need to know.
Funding periods change when you can access your NDIS funding. Here’s how they work and what they mean for managing your budget. If you’ve recently received a new NDIS Plan or had your plan reassessed, you may have noticed that your funding is now available in smaller amounts over time, rather than all at once. This can take a little getting used to. How much can you spend now? When will more funding become available? And how do you make sure there’s enough for the supports you need? We’ve received lots of questions about funding periods. So, we’ve gathered what we’ve learned from talking to Members, providers and support coordinators, along with answers to the most common questions. What are NDIS funding periods? Funding periods determine how funds are released in NDIS Plans. Instead of receiving all your funding at the start of your plan, you’ll get smaller portions in stages. Each portion is released at the beginning of a funding period. When one period ends, the next portion becomes available. How do funding periods work? Your NDIS Plan includes a total funding amount that is allocated to all of your supports over the life of your plan At the
