Okay so looking at my hubby & I annual Wage for 2011/2012 financial year, we are 3k each over what we told centrelink, so total 6k, will end up with a debt? or will they take tax? i have two kids that attend daycare and we get ccb & ccr & FTB A & B? Thanks!
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03-07-2012 12:25 #1
03-07-2012 12:30 #2Senior Member
- Join Date
- Jan 2009
You'll have to compare the two figures in the calculators. They do take the taxable figure though, so it will be the amount on your group certificates less deductions (eg. work expenses, donations to charities).
I have previously compared figures for family tax benefit, and sometimes I found that $5k or $10k didn't make a lot of difference, but it will depend on the individual figures. I did find it always changed the percentages for CCB though.
03-07-2012 12:31 #3
It might. If it does they will take it out of your bonus money and if it more than that you can arrange for it to paid back in instalments.
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11-07-2012 14:04 #4
I worked out I'll prob have a debt of $2k so they will take my supps, and prob only owe about 400! Trying not to stress I've never been in this situation before !! : (
12-07-2012 10:15 #5Member
- Join Date
- Apr 2011
Hi joalisha, I work at the Australian Government Department of Human Services in a team that responds to enquiries about Centrelink on social media sites like this one.
If you do have an overpayment, once it's been calculated, you'll receive a letter telling you the amount you were overpaid and outlining your repayment options, which may include fortnightly deductions from your Centrelink payments. There's lots more info about how the department deals with overpayments here; http://www.humanservices.gov.au/customer/enablers/owing-money
Hope that helps.
12-07-2012 14:12 #6
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