NDIS funding periods: Everything you need to know.
Funding periods may impact when and how you can spend your NDIS budget. Here’s everything you need to know. We’ve received lots of questions about funding periods in NDIS Plans. So, we’ve gathered what we’ve learned from talking to Members, providers and support coordinators, along with answers to the most common questions. A recap on 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. Do funding periods affect how much is in my NDIS Plan? No. Funding periods don’t change your total NDIS budget. They divide it up to release funding gradually. 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 start of each funding period, a portion of funds is released Unspent funds roll over from one funding period to the next within the same plan The date you receive a support determines which funding period you claim
