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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Results 1 to 10 of 31
11-02-2016 13:13 #1
Once over the $100k family income cap - do you lose all benefits at once?
11-02-2016 13:46 #2
Have you asked Centerlink? I have no idea as we don't get anything but I thought it was 150k?
11-02-2016 13:53 #3
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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11-02-2016 14:23 #4
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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11-02-2016 16:02 #5
Do you get taxed on Centrelink payments? Or it's done automatically!
11-02-2016 16:23 #6
It depends how many children you have
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11-02-2016 17:02 #7
11-02-2016 17:03 #8
11-02-2016 17:03 #9
11-02-2016 17:04 #10
By Ruby_Tuesday15 in forum Family FinancesReplies: 13Last Post: 31-07-2015, 18:00
By Hootenanny in forum Discuss ItReplies: 57Last Post: 18-06-2015, 02:19
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