So my partner and I only JUST did our tax return for 12-13 (whoops) and I discovered that I overestimated our income by about $10000. I understand that centrelink give lump sum payments if this happens, just wondering if I have to apply for it or if they will automatically process it?
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11-04-2014 20:34 #1
11-04-2014 20:38 #2
Have you got the app ?
11-04-2014 20:41 #3
In my experience they do it automatically when they receive your tax return info
11-04-2014 20:41 #4
Should automatically do it
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12-04-2014 05:50 #5Senior Member
- Join Date
- Nov 2012
- Gold Coast
It is always automatically done. Once ATO is done it willbe sent to centrelink for reconciliation and you will receive the back payment for over estimating.
Lots of people do it on purpose so they get a decent return and tax time kind of like forced savings.
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12-04-2014 06:55 #6
Okay thanks. We got our refunds a couple of days ago so hopefully it's not too far off...
12-04-2014 15:44 #7Member
- Join Date
- May 2011
If you don't hear from centrelink soon, take your notice of assessments in and they can fix it up on the spot.
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