If you overestimate and you receive ftb fortnightly, you will get a back payment of arrears. However, I have read somewhere (can't find it now) that if you overestimate 2 years in a row and receive fortnightly that you can be penalised. I'm trying to find the article but can't.
We always get it at the end of financial year as my husband is self employed so it's hard to know his income and I've been working part-time or on maternity leave since 2008 so my income is difficult to estimate as well.
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07-07-2014 13:37 #11
07-07-2014 13:43 #12Member
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07-07-2014 13:49 #13
07-07-2014 13:56 #14
we overestimate by a LOT too
07-07-2014 14:13 #15
I only over estimated by $4500 so about an extra $500 but I guess it's better then nothing
07-07-2014 14:13 #16
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07-07-2014 14:28 #17
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07-07-2014 15:18 #18
I over estimated by $25000 this year so I'm hoping for a nice surprise. I do it as forced savings as well plus pay extra tax so I get a decent tax return. I'm hopeless at saving so it works well for me. I can't wait to get my tax return, I'm booking a holiday for myself, mum and the three kids <3
07-07-2014 15:32 #19
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07-07-2014 15:45 #20
By babyla in forum General ChatReplies: 9Last Post: 17-07-2014, 22:03
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