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  1. #1
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    Default family budget, returning to work and child care

    I am newly pregnant - but already trying to sort out how we will care for our new baby - plus earn enough money to feed, clothe and look after said child. I earn more then my husband - marginally and he can only earn a certain amount before there are other ramifications. Considering this, it makes the most sense for me to return to full time work... but here is the kicker - i dont want to, I want to be involved in raising my child. So trying to figure out centrelink payments, child care costs etc I know things change once you earn a certain amount or after a certain amount of days in child care... is anyone able to dumb this down for me so I can figure out a plan?

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    KaraB  (09-10-2013)

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    You will receive 50% back of your child care fees (up to $7500 per year) and that isn't income tested.

    How ever the family tax benefit a and b is income based and will determine how much centrelink you will receive.

  4. #3
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    Quote Originally Posted by nicole49 View Post
    You will receive 50% back of your child care fees (up to $7500 per year) and that isn't income tested.

    How ever the family tax benefit a and b is income based and will determine how much centrelink you will receive.
    Its up to 50% back. Depending on your income

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    Do they keep a certain amount for the end of year balancing? We don't get 50% off what we pay but maybe they balance it at the end?

  6. #5
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    Quote Originally Posted by Patience Belmont View Post
    Its up to 50% back. Depending on your income
    No it's not its up to $7.5k for everyone. CCR is not means tested.

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    Atropos  (10-10-2013)

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    Quote Originally Posted by Patience Belmont View Post
    Do they keep a certain amount for the end of year balancing? We don't get 50% off what we pay but maybe they balance it at the end?
    No, once you spend your $7500 you are back to paying full price


    DH 37 + me 33 = DS1 March 2010 & DS2 July 2013

  9. #7
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    No, it is not income tested. and its 50%, not up to. you can choose to have it paid to the centre monthly (i think maybe even fortnightly) if you choose to reduce the fee, or get it paid to you. You just have to be working/studying or exempt from either.

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    Quote Originally Posted by Patience Belmont View Post
    Do they keep a certain amount for the end of year balancing? We don't get 50% off what we pay but maybe they balance it at the end?
    Depends how you have yours set up. speak with centrelink to find out. ours was annually at one stage but they've stopped doing this for new clients

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    Quote Originally Posted by Patience Belmont View Post
    Do they keep a certain amount for the end of year balancing? We don't get 50% off what we pay but maybe they balance it at the end?
    I spoke to centrelink today and they said they hold 15% of ccr to balance at the eofy.

    Sent from my GT-I9505 using The Bub Hub mobile app

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    Is it $7.5k per child? We also have my step daughter


 

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