Just wondering how other people have found the online baby bonus vs parental leave calculator. Has what it suggested been the best option for people to take? I used it earlier today and it suggests that the paid parental leave is the best option for me by about $2000. I earn an ok wage and will be receiving income (lsl) prior to taking the paid leave, plus will have worked for the remainder of the year so I thought my tax would have been higher. I tried putting in some dummy figures to see at what point it would recommend the baby bonus, but it kept telling me I'd be better of by approx $2000 with ppl no matter what I put in, so just wondering if others found it to be accurate.I've toyed with the idea of asking my accountant to figure it out when I get my tax done, but no doubt that will cost me a bit of extra money for him to calculate and I don't want to waste money if the online calculator is pretty accurate. Thanks
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14-09-2012 23:02 #1Senior Member
- Join Date
- Aug 2009
Paid parental leave or baby bonus
14-09-2012 23:30 #2Senior Member
- Join Date
- Mar 2009
I kept getting baby bonus was better for the life of me I can't manually calculate how! My grandpa/account it had a quick look and couldn't solve it, so he has asked me to get a flyer or something about it from centrelink..I don't trust the online thing haha
20-09-2012 10:10 #3Junior Member
- Join Date
- Sep 2012
Hi, my name's Ingrid and I work with the Department of Human Services in a team that responds to questions about Centrelink payments and services on social media sites like this one.
The Paid Parental Leave Comparison Estimator is a great way to help you decide which payment is a better financial decision for your family. The estimator factors in a lot of things, such as;
Family Tax Benefit Part A
Family Tax Benefit Part B
Large Family Supplement (if applicable)
Low Income Tax Offset
Parental Leave Pay
It's important to note thought that the estimator does not provide a rate of payment or assess your eligibility, but will ask you to answer questions on your circumstances and will provide you with a comparison between the two payments. There's more on this here:
If you need further information you should contact the Families helpline on 136 150. Calling early, just after 8am is best to avoid extended call wait times.
All the best.
20-09-2012 15:05 #4
It told me I would be better off with baby bonus, however it didn't take in to account that I am not eligible for baby bonus because of the means test...!
20-09-2012 15:24 #5
hated the calculator - told me for ages I was better off by either $1200 or $200 with the baby bonus then suddenly swapped to PPL was the better option. All I changed was the dates I got the money paid to me. After that it wouldn't go back to saying BB was better no matter what I entered.
By Cricket29 in forum Family FinancesReplies: 3Last Post: 18-08-2012, 18:40
By BrookieR in forum Maternity & Parental LeaveReplies: 2Last Post: 27-06-2012, 16:30
By Doc in forum Family FinancesReplies: 6Last Post: 10-03-2012, 18:04
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