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?
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27-09-2016 21:43 #1
27-09-2016 21:52 #2
Centrelink have an online calculator
27-09-2016 21:53 #3
Different answer each time with the same data
27-09-2016 21:54 #4Senior Member
- Join Date
- Apr 2012
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.
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27-09-2016 21:57 #5
28-09-2016 05:04 #6Senior Member
- Join Date
- Apr 2012
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.
28-09-2016 06:12 #7
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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