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  1. #1
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    Default Once over the $100k family income cap - do you lose all benefits at once?

    We are very close to the cap and wondering what happens once we go over. It is actually preventing me from working which is rather ironic seeing as the government made the changes to 'get women back into the workforce'. All it is doing is saving them money.

    Don't get me wrong - I REALLY want to work and have been doing lots of volunteer work in my field, but am unable to get my foot back in the door. However, thinking logically - who on earth is going to go over the cap by a couple of hundred dollars and lose between $15k-$20k? The old system where it phased out the more you earned was brilliant and made so much sense in supporting mothers returning to work.

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    Have you asked Centerlink? I have no idea as we don't get anything but I thought it was 150k?

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    I believe they were changing as at July 15 but it hasn't changed. Family tax part B cuts out at $100000 but you're still entitled to Family Tax part a.

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    Little Ted  (11-02-2016)

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    DH earns over $100k and I still get around $7k at tax time for 4 children (FTB + the FTB Supps). I claim yearly so I don't really pay any attention to how much or what my actual entitlements are, I'm just happy with whatever hits my bank account

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    Little Ted  (11-02-2016)

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    Do you get taxed on Centrelink payments? Or it's done automatically!

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    It depends how many children you have

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    Little Ted  (11-02-2016)

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    Quote Originally Posted by lilypily View Post
    Have you asked Centerlink? I have no idea as we don't get anything but I thought it was 150k?

    It's definitely dropped to $100k.

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    Quote Originally Posted by BabyG4 View Post
    I believe they were changing as at July 15 but it hasn't changed. Family tax part B cuts out at $100000 but you're still entitled to Family Tax part a.

    Does everyone get Part A no matter their income or does it phase out the more you earn? Up to how much?

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    Quote Originally Posted by Lillynix View Post
    DH earns over $100k and I still get around $7k at tax time for 4 children (FTB + the FTB Supps). I claim yearly so I don't really pay any attention to how much or what my actual entitlements are, I'm just happy with whatever hits my bank account

    This is giving me hope!

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    Quote Originally Posted by Nafsika View Post
    Do you get taxed on Centrelink payments? Or it's done automatically!

    It depends on what payments you're on I think.
    With ftb a and b that is the amount and they then don't ask for money back - it would be double-handling and unnecessary.


 

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