I've just done DH and my tax returns. I only earned $2,500, so I don't need to lodge a tax return but I thought I should give the ATO my information so that they can work out if they have over/ under paid my FTB for the year, and also work out the FTB supplement for us. Is that right? How does it work?
I was told that we should receive appx $300 ish per child and $700 ish per family for the FTB supplement, unless Centrelink has paid us too much/ too little FTB, in which case it will be adjusted. But do I have to claim it somewhere, or will the ATO just pass on mine & DH's tax info to centrelink & then they will work it out automatically and put the $$ in our account?
So am I understanding it correctly, or am I completely wrong? Please set me straight if I am!