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  1. #1
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    Default Paid Parental Leave vs Baby Bonus

    Ok - I know there is plenty of posts regarding the PPL vs BB but I was hoping someone out there could clarify for me. I've completed the estimator calculator and it's not 100% clear to me. Does the below mean I will be better of with the PPL or the BB? I am aware the BB is not taxed and that PPL is, so if I opt for the PPL will I be short changing myself as I will be taxed the majority of the additional amount?

    And will choosing the PPL mean I will not be able to claim any additional benefits from the government?

    I've never dealt with Centrelink before so not sure I am understanding everything completely. Any help would be much appreciated!
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  2. #2
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    Unless I'm missing something - it says you'll be better of with ppl by over 1700. I cleared 501 a week after tax on ppl for I think 18 weeks. We were much better of doing that.

    You are still eligible to apply for parenting payment, family tax benefit a and b. But ppl is considered income when you apply for these things.

  3. #3
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    Default Paid Parental Leave vs Baby Bonus

    Quote Originally Posted by babyla View Post
    Unless I'm missing something - it says you'll be better of with ppl by over 1700. I cleared 501 a week after tax on ppl for I think 18 weeks. We were much better of doing that.

    You are still eligible to apply for parenting payment, family tax benefit a and b. But ppl is considered income when you apply for these things.
    Thanks babyla, that's what I thought but wasn't sure if I had might miss something. I guess I should get the ball rolling on my application forms.

  4. #4
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    No worries
    Give them a bell - once you get going it gets easier. It was all new to me too.


 

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