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  1. #1
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    Default Ccb

    Is this maths right? I've rounded figures to make it easy.
    I'm trying to calculate how much I'll get back from benefit.

    Daycare is $100 a day, say we get 25% therefore daycare should cost $75 a day then ccr after that so $37.50 per day total.

    We opt to get ccr now and then CCB at end of year so $100 a day / 50% means we pay $50 so the difference we get back should therefore be $50-$37.50 so $12.50 a day?

  2. #2
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    Centrelink have an online calculator

  3. #3
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    Different answer each time with the same data

  4. #4
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    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.

  5. The Following User Says Thank You to Renesme For This Useful Post:

    maternidade  (27-09-2016)

  6. #5
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    Quote Originally Posted by Renesme View Post
    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.
    Argh thanks for explaining about the pre determined rate. We don't hit cap thank goodness, so we get credited back $6.50 a day?

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    In that scenario you/I posted about you would get $13 back in child care benefit and then $43.50 back in CCR. So in total you'd get $56.50 back a day.

  8. #7
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    Quote Originally Posted by Renesme View Post
    The percentage of CCB isn't off the total price.. it's off an average hourly rate that centrelink has worked out. If you only get 25% that won't work out to be that much to be honest. At the moment it's $4.24 per hour. So if your child care centre is open for 12 hours ... that works out at $50.88 a day maximum if you were getting 100%. So your 25% would be 25% of $50.88 which is approximately $13. So out of $100 you'd be paying $87 before rebate and therefore pay approx $43.50 a day BUT you only get a maximum of $7500 per year back from rebate... so after day 3 or 4 depending you'll end up paying the full amount of $87 a day for day 4 and 5.

    You shouldn't be getting a different answer. If you're changing NOTHING you should be getting the exact same answer. It's essentially a computer so if you're getting different answers you're putting something in differently.
    All of the above.

    Plus, the centres charge out their opening hours, not the hours attended. If this is over 10 hours a day (which it almost always is) CCB isn't paid for the week's hours over 50. This means if attending 5 days, the 5th day costs much more.

    So when using the calculator make sure you enter the number of days/charge out hours accurately.


 

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