As usual it's tricky to find a straight answer on the Centrelink website and I'm not even going to bother ringing up- but does anyone know if it matters that you accumulate savings whilst receiving parenting payment (single)?
I had zero, zilch in the bank when I actually applied for it, but things have picked up over the last 2 years and I now have a substantial amount of savings tucked away. I work part time, declare all the income so only receive a part payment. I was talking to someone the other day who said I could get in trouble for having savings...that on other income support payments you're only allowed to accumulate a certain amount before they cut your payment.
I had no clue about this, I always assumed if the government knew how much you were receiving from all sources (wages, CS, etc) you could save some if you could afford and wanted to. I don't want any trouble. Does anyone know what the go is from experience or insider knowledge? Cheers
+ Reply to Thread
Results 1 to 3 of 3
10-07-2012 12:23 #1Senior Member
- Join Date
- Oct 2009
Does anyone know?- PPS & savings
10-07-2012 12:40 #2
I have decent savings and work part time and still get the PPS. Well a part payment.
10-07-2012 12:41 #3Senior Member
- Join Date
- Oct 2009
Well, I'm nearly at 200k...NOT lol.
Yeah I didn't think of interest. I might try ringing up when I have approx 2 hours to spare...haha. Thanks
By Mummy2MJ in forum General Sleeping & Settling ChatReplies: 4Last Post: 13-09-2012, 09:48
By SimplyMum in forum Family FinancesReplies: 173Last Post: 14-03-2012, 13:09
By speckled in forum Family FinancesReplies: 2Last Post: 07-03-2012, 14:10
The Health Hub & Glowing ExpectationsGlowing Expectations is conveniently located at The Health Hub in Darlinghurst. We offer pre & post natal personal ...
LATEST7 ways to break the ‘mumnotony’ at homeGuide to government family benefit payments36 tips for long-haul flights with babies and children
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Missed miscarriage... waiting, waiting, waitingPregnancy Loss Support
Driving after phobia - little driving experience & dealing with toddler yelling/screaAnxiety & Panic Disorders
The Not So Serious Vent Thread #7General Chat
Demeter Fertility - Dr David Knight?pregnancy and babies through IVF
Financial advisor or accountant?Family Finances
Has anybody's family member or friend set up as a registered carer?Childcare Options
any one else get a bfp after laparoscopy?Endometriosis Chat
2x weddings - how to hide pregnancy?!First Trimester Chat