+ Reply to Thread
Results 1 to 3 of 3
  1. #1
    Join Date
    Oct 2009
    Posts
    1,500
    Thanks
    281
    Thanked
    267
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default Does anyone know?- PPS & savings

    As usual it's tricky to find a straight answer on the Centrelink website and I'm not even going to bother ringing up- but does anyone know if it matters that you accumulate savings whilst receiving parenting payment (single)?

    I had zero, zilch in the bank when I actually applied for it, but things have picked up over the last 2 years and I now have a substantial amount of savings tucked away. I work part time, declare all the income so only receive a part payment. I was talking to someone the other day who said I could get in trouble for having savings...that on other income support payments you're only allowed to accumulate a certain amount before they cut your payment.

    I had no clue about this, I always assumed if the government knew how much you were receiving from all sources (wages, CS, etc) you could save some if you could afford and wanted to. I don't want any trouble. Does anyone know what the go is from experience or insider knowledge? Cheers

  2. #2
    Join Date
    Mar 2011
    Location
    melbourne
    Posts
    97
    Thanks
    3
    Thanked
    16
    Reviews
    0
    I have decent savings and work part time and still get the PPS. Well a part payment.

  3. #3
    Join Date
    Oct 2009
    Posts
    1,500
    Thanks
    281
    Thanked
    267
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Well, I'm nearly at 200k...NOT lol.

    Yeah I didn't think of interest. I might try ringing up when I have approx 2 hours to spare...haha. Thanks


 

Similar Threads

  1. Daylight Savings
    By Mummy2MJ in forum General Sleeping & Settling Chat
    Replies: 4
    Last Post: 13-09-2012, 09:48
  2. The Savings mission
    By SimplyMum in forum Family Finances
    Replies: 173
    Last Post: 14-03-2012, 13:09
  3. Meat savings.
    By speckled in forum Family Finances
    Replies: 2
    Last Post: 07-03-2012, 14:10

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
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
Philips AVENT Australia
Pregnancy and early parenthood is an exciting and challenging time, but it’s good to know there is expert advice on hand to ensure that your baby gets the best start in life.
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!