+ Reply to Thread
Results 1 to 7 of 7

Ccb

  1. #1
    Join Date
    Feb 2014
    Posts
    3,198
    Thanks
    312
    Thanked
    960
    Reviews
    13
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Ccb

    Is this maths right? I've rounded figures to make it easy.
    I'm trying to calculate how much I'll get back from benefit.

    Daycare is $100 a day, say we get 25% therefore daycare should cost $75 a day then ccr after that so $37.50 per day total.

    We opt to get ccr now and then CCB at end of year so $100 a day / 50% means we pay $50 so the difference we get back should therefore be $50-$37.50 so $12.50 a day?

  2. #2
    Join Date
    Jul 2010
    Location
    Australia
    Posts
    11,102
    Thanks
    7,257
    Thanked
    5,872
    Reviews
    11
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Awards:
    Busiest Member of the Week - week ended 29/5/15Busiest Member of the WeekBusiest Member of the Week100 Posts in a week
    Centrelink have an online calculator

  3. #3
    Join Date
    Feb 2014
    Posts
    3,198
    Thanks
    312
    Thanked
    960
    Reviews
    13
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Different answer each time with the same data

  4. #4
    Join Date
    Apr 2012
    Posts
    1,110
    Thanks
    70
    Thanked
    652
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.

  5. The Following User Says Thank You to Renesme For This Useful Post:

    maternidade  (27-09-2016)

  6. #5
    Join Date
    Feb 2014
    Posts
    3,198
    Thanks
    312
    Thanked
    960
    Reviews
    13
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Renesme View Post
    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.
    Argh thanks for explaining about the pre determined rate. We don't hit cap thank goodness, so we get credited back $6.50 a day?

  7. #6
    Join Date
    Apr 2012
    Posts
    1,110
    Thanks
    70
    Thanked
    652
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    In that scenario you/I posted about you would get $13 back in child care benefit and then $43.50 back in CCR. So in total you'd get $56.50 back a day.

  8. #7
    Join Date
    Jun 2009
    Posts
    4,110
    Thanks
    1,604
    Thanked
    2,087
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Renesme View Post
    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.
    All of the above.

    Plus, the centres charge out their opening hours, not the hours attended. If this is over 10 hours a day (which it almost always is) CCB isn't paid for the week's hours over 50. This means if attending 5 days, the 5th day costs much more.

    So when using the calculator make sure you enter the number of days/charge out hours accurately.


 

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
Babybee Prams
Save $50 in our pre-Christmas sale! All Comet's now only $500. Our bassinet & stroller set includes free shipping AUS wide, $75 free accessories, 18-months warranty & a 9 month free return policy. Check out our new designer range today!
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
HuggleBib
The HuggleBib is not "just another" baby bib. Sure, your child may be a messy eater who gets more food ON them rather than IN them, so you dread cleaning after feeding times! Well the HuggleBib is THE best solution to help with all these daily tasks!
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!