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  1. #1
    Join Date
    Feb 2008
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    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
    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)


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