Help me understand the CCR!

[Eko]

DH has just gotten a new job, and will start in two weeks. We're trying to work out whether it's financially WORTH him working.
I'm calculating that I'll be on 42k and DH will be on 37k. I've used the calculator online, and this is the info it's giving me:

1	Long Day Care	62.55%	1	60:00	$387.25	50:00	$121.97	$265.28
Total				60:00	$387.25	50:00	$121.97	$265.28

So does that mean we'll pay $265.28 per week for childcare in total?

But the part that confuses me is the part below:

Your estimate - Child Care Rebate (family)

Weekly Estimate	Quarterly Estimate	Annual Estimate
$132.64	$1,724.32	$6,897.28

Does that mean that we'll get $132.64 per week from centrelink?

This stuff hurts my brain!!!

[Nazgul]

CCR pays half of you out of pocket fees.

My centre send me an account statement stating say:
$300
CCR pays $150

[Gilly83]

Sorry to crash :-)
Is there a limit on wages you can earn? Or is everyone entitled to CCR??
Hubby grossed 180k this yr and I was 75k are we going to able to get this nxt yr When our belly baby starts care?

[Nazgul]

Sorry to crash :-)
Is there a limit on wages you can earn? Or is everyone entitled to CCR??
Hubby grossed 180k this yr and I was 75k are we going to able to get this nxt yr When our belly baby starts care?

Everyone is entitled to CCR. No income limit.
CCB is income tested.

[Anjalee]

Yep you'll get $132.64 from Centrelink weekly if that's how you opt to take it. If you want it weekly though I think you have to tell them? I think the standard is quarterly.

[Chocolate All Gone Now]

You can opt for ccr to be paid to the centre decreasing your weekly fees

[Little-Pink-Hen]

CCR isn't income tested and is available to everyone for up to $7k annually. so if you pay $200 a week in fees your entitled to get $100 back.

You can choose to receive it yearly at tax time or quarterly at feb, April, tax time, October or weekly paid straight to your centre so your fees are cheaper when your paying them (tax time being when you do your tax. You won't receive your ccr until you file your tax return )

Based on your yearly combined income you should be entitled to child care benefit as well (CCB)

[Eko]

So correct me if I'm wrong, but from the numbers I've given above (which are only an estimate from their website's calculator) does that mean we'll pay $265.58 per fortnight if I elect to have the CCR go straight to the childcare?

Sorry if I seem a bit dim on this but it's the first time I've had to make sense of it all lol.

[BigRedV]

So correct me if I'm wrong, but from the numbers I've given above (which are only an estimate from their website's calculator) does that mean we'll pay $265.58 per fortnight if I elect to have the CCR go straight to the childcare?

Sorry if I seem a bit dim on this but it's the first time I've had to make sense of it all lol.

How much are the childcare fees and what option are you choosing?

[raisingthree]

Thats right. If you elect to have your 50% straight back to the childcare then you would be paying $265 per fortnight.