+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    Join Date
    Feb 2008
    Location
    Brisbane
    Posts
    12,292
    Thanks
    1,571
    Thanked
    1,225
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Awards:
    Past Moderator - Thank you
    Bubhub Blogger

    Default Whinge about redundancy, CS, Centrelink and ATO

    Don't you love how the rules are different with every department.

    ATO- redundancy under tax free threshold. They still removed 10% from the payment before it cleared my acount though

    Centrelink/pension consider it to be income for XYZ period, and as such will pay nothing at all until XYZ.

    Family Tax consider it lump sum payment within my taxable income. They don't care what level of tax applied (ie reduced due to redundancy) it's still income so hello Family Tax and childcare support debt

    Childcare benefit reduces based on lump sum payment

    Child support agency considers it lump sum payment and as such INCREASES my taxable income for the year. The really funny thing though.... this increases the amount of child support I receive from XDH. (pool of allowable funds to be distributed for child increases).

    Since all of that makes sense... I think I'm ready for my accounting degree LOL.
    How the F- can each department take the same payment and twist it around in so many ways?

  2. #2
    Join Date
    Dec 2011
    Posts
    4,443
    Thanks
    1,242
    Thanked
    1,713
    Reviews
    9
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Yep it sucks! DH was made redundant last year and we went through all the bs too (except for the child support)


 

Similar Threads

  1. Paid parental leave and redundancy
    By LisaR7 in forum Maternity & Parental Leave
    Replies: 4
    Last Post: 12-11-2012, 16:03
  2. Redundancy Vent
    By Izy in forum Family Finances
    Replies: 7
    Last Post: 23-03-2012, 22:59

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
christmas gift guidesee all Red Stocking
Mother and Baby Shop
Save $$$ during our Christmas Sale Mother and Baby Shop
Great prices on Schoenhut kids pianos, toys, baby clothing as well as big brands like Pigeon, NUK, Cherub Baby and many more. Sale starts on 1 November 2016 and ends on the 27 December 2016. Hurry! Place your order today!
sales & new stuffsee all
True Fairies
True Fairies is the first interactive website where children can engage and speak with a real fairy through the unique webcam fairy portal. Each session is tailored to the child, and is filled with enchantment and magic.
Visit website to find out more!
featured supporter
SRC Pregnancy & Recovery Shorts
Want pain relief during pregnancy, and to continue working and exercising? Fancy a speedy recovery after childbirth? Want to regain your pre-baby body shape fast? Recommended by healthcare professionals, SRC compression products will let your body do its most important work.
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!