Am trying to work out whether I am better off opting for the baby bonus or the paid parental leave...the comparison tool tells me the baby bonus
For the tax year 2010-11 my taxable income was $24479 and DH was $16605 so a total of $41084.
We don't receive any fortnightly benefit from Centrelink (have to look into if we are eligible and if I should have been lodging something each year, silly me assumed my accountant did this )
The only thing I can think of is that the parental leave is classed as part of your taxable income so this may affect something??
The baby bonus is $5,294 per eligible child whereas the parental leave is for a maximum period of 18 weeks. This is $589.40 a week, so a total of $10609.20.
Naturally I would have opted for the parental leave as it is a larger sum.
Can anyone shed light on this for me? Thanks!