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  1. #1
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    Default Centrelink estimate?

    Hi, does anyone know what happens in a situation like this. For example, for the first 6 months of the financial year only my husband works and I get some FTB and childcare rebate. Then I get a good job but it's inconsistent in the amount of work. I work nearly two months full time so I change my estimate with centerlink therefore cutting out any benefits. Then I get no work for a month so am once again eligible for benefits, and on it goes. My question is, since I can't predict my income and have been changing the estimate depending on the current situation as per centerlink's advice, if my estimate is too high at the end of the financial year, do I have to pay back the benefits and child care rebate? I've been honest the whole way through but my income varies wildly. Does anyone understand what I mean? I'm so confused by it all.....

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    If you have under estimated at some points, and its by so much that it doesn't regulate and they have overpaid you as a result, you will have to pay them back the amount they overpaid you.

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    You pay back overpayments.

    I don't claim ftb throughout the year to avoid this, but we only get a small amount as we both work part time.

    Ccr is paying half of what you actually paid, so that won't change. You will have to pay ccb back though.

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    Basically, it's the total amount you earn in a financial year that determines what you're entitled To.

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    Hi, to be honest in my opinion, I think the best way to do it is to not recieve any payments throughout the year and do it at the end of the financial year. The first year after DS was born I got the estimate wrong and ended up paying back so now we do it at the end of the year. Its hardly anything anyway, tight buggers!! It saves a lot of fussing around and the extra little bit at the end of the year is a little bonus X

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    Quote Originally Posted by chubbasmummy View Post
    Hi, does anyone know what happens in a situation like this. For example, for the first 6 months of the financial year only my husband works and I get some FTB and childcare rebate. Then I get a good job but it's inconsistent in the amount of work. I work nearly two months full time so I change my estimate with centerlink therefore cutting out any benefits. Then I get no work for a month so am once again eligible for benefits, and on it goes. My question is, since I can't predict my income and have been changing the estimate depending on the current situation as per centerlink's advice, if my estimate is too high at the end of the financial year, do I have to pay back the benefits and child care rebate? I've been honest the whole way through but my income varies wildly. Does anyone understand what I mean? I'm so confused by it all.....
    Yes, it will all be balanced out when you and your partner lodge your tax returns. If you have been overpaid they will take their share from you and if they have underpaid you they will pay it back to you. I would personally overestimate your estimate, leave it at that for the year then see how it all pans out at the end of the financial year.

  7. #7
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    Thanks for the answers. Guess I should overestimate by a fair bit.


 

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