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  1. #11
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    Subscribing so I can read later.

  2. #12
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    Remember less at tax time as the PPL is income not a bonus

  3. #13
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    sorry i havent read other replies. But given carbon tax is coming in next financial year it may affect the tax rates on any income including PPL...

  4. #14
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    Quote Originally Posted by MsMummy View Post
    I have no idea about salary sacrificing. good luck dealing with centrelink - from what I hear it's a nightmare getting hold of them on the phone.

    I'm just so sh*tted off with this PPL rubbish. The government promotes it as "paid parental leave" but only if you earn the minimum wage. By introducing it, it has taken the pressure off for a genuine paid parental leave system. Even disregarding any family tax or child care implications, the after tax amount for me per week is at least $300 a week less than my after-tax part time wage. We are using our tax return to cover the gap, and I am only taking 5 months off now.
    It sounds so frustrating. I'm not looking forward to working it all out.

    How long did you think you were going to take off?

  5. #15
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    I texted my friend last night to ask her how much her payments were and she said for ppl, she was getting $1178 a fortnight. Don't know how she was getting that much, but anyway.

  6. #16
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    Quote Originally Posted by BigRedV View Post
    I texted my friend last night to ask her how much her payments were and she said for ppl, she was getting $1178 a fortnight. Don't know how she was getting that much, but anyway.
    They aren't taxing it !! Or she is looking at online services. It shows the amount before tax that they pay your employer .

  7. #17
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    $1178 a fortnight is the full amount - $598 a week. That's the amount you get for the full 18 weeks, but it is taxed. The good thing about next financial year is that you can earn up to $18000 (approx) without any tax, so depending on what you earn other than this PPL you could end up keeping the whole amount. So, yes, using the 2011 tax calculator is not going to tell you what will happen to your money as tax is dropping in the lower brackets quite a lot.

    I got my PPL last year/early this year and I got it through Centrelink as I'm self employed. They took out 15% tax and so I got around $500 a week. For me, I thought it was great cause I was self-employed, so no paid maternity leave, and I had to pay expenses while I was on leave ... and earn no money!

    So, there's 2 considerations - how much tax will be taken out in each pay cycle (which depends on how much you earn in that week/fortnight/month - whatever your pay cycle is) and how much tax will be taken out in the financial year (which depending on how much unpaid leave you end up taking/etc will vary a lot).

  8. #18
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    I'm struggling with all of this at the moment too.

    So a quick Q, when using the online calculator, do you include the PPL in your estimated income? I never have. I've just put my estimate that I would get solely from working for that FY.

  9. #19
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    Hi, I'm new here, sorry for crashing! I just wondered, why does it ask for DH's salary on the online calculator? It really seems to effect my amount of ppl and I'm not sure why, as I thought it would be calculated on my taxable income (which is failrly low!). I'm just so confused by it all!

    Sent from my HTC One X using BubHub

  10. #20
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    Quote Originally Posted by Mrs Maker View Post
    Hi, I'm new here, sorry for crashing! I just wondered, why does it ask for DH's salary on the online calculator? It really seems to effect my amount of ppl and I'm not sure why, as I thought it would be calculated on my taxable income (which is failrly low!). I'm just so confused by it all!

    Sent from my HTC One X using BubHub
    For family tax benefit


 

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