+ Reply to Thread
Results 1 to 3 of 3
  1. #1
    Join Date
    Sep 2008
    Posts
    288
    Thanks
    0
    Thanked
    3
    Reviews
    0

    Default Confusion over paid parental leave and the baby bonus

    Hi everyone, so I'm currently 4 months pregnant and needing some advice over entitlments once bubs comes along.

    I meet all the criteria for the paid parental leave. But I was told if you receive this you DO NOT receive family tax benefit a or b. Is this correct?

    Don't get me wrong I'm VERY gratful to receive any money at all.

    I'm married with a 2.5 DD who I receive family tax a and b for and she is in family daycare 2 days a week and I receive the child care rebate.

    As I only work part time and my DH is in the building industry (he has more slow weeks then good weeks lately.. I need to find the best option for my family once baby comes.

    Do I still receive my family tax a and b benefits and childcare rebate if I choose the paid leave over the baby bonus? thank you for reading this

  2. #2
    Join Date
    Oct 2008
    Location
    penrith nsw
    Posts
    936
    Thanks
    7
    Thanked
    65
    Reviews
    24
    Achievements:Topaz Star - 500 posts
    you will still be entiltled to part a if you qualify it is only part b that you can not claim while receiving PPL

  3. #3
    Join Date
    Apr 2006
    Location
    Melbourne
    Posts
    6,213
    Thanks
    387
    Thanked
    594
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Here's a link to info on the PPL scheme - http://www.familyassist.gov.au/payme...-leave-scheme/

    Look at the calculator & it will give you more information for you.

    You don't get FTB B during the time you are paid your PPL (18 weeks) but I would imagine unless you're in a very high tax bracket the PPL is still better for you.

    I get $1000/fortnight in PPL and that's after they take out 15% tax. I have to earn over $37,000 (in a year) to be taxed at a higher rate. My pay varies far too much for me to even bother with estimating, so I claim FTB at the end of the financial year.

    The PPL doesn't affect the child care rebate, nor does the baby bonus.

    The baby bonus is $5000, but for me after the 15% tax will be $9000 so it's the best option for me by far.


 

Similar Threads

  1. Paid parental leave or baby bonus
    By shy in forum Family Finances
    Replies: 4
    Last Post: 20-09-2012, 15:24
  2. Paid Parental Leave vs Baby Bonus
    By Cricket29 in forum Family Finances
    Replies: 3
    Last Post: 18-08-2012, 18:40
  3. Paid Parental Leave or Baby Bonus
    By Doc in forum Family Finances
    Replies: 6
    Last Post: 10-03-2012, 17:04

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
sales & new stuffsee all
The Little Gym Bella Vista
Get ready for some serious, fun gymnastics! The Little Gym Bella Vista
The world’s premier experiential learning and physical development center for children ages 4 months - 12 years. Create opportunities for your child to try new things and build self-confidence, all with a grin that stretches from ear to ear
featured supporter
Heinz Baby Basics
Our BPA Free range offers you a choice for every stage of your baby’s feeding development. You’ll love our brilliant colours, inspired designs and innovative features. Heinz Baby Basics caters for your baby’s needs!
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!