Jump to content

FTB A Im so confused
What to do???


  • Please log in to reply
11 replies to this topic

#1 nicethel

Posted 19 December 2012 - 01:54 PM

Hi
I have an option of taking on some more work next year so have been taking lots of things into account when working out what to do. (eg cost of additional childcare, etc)
I have been looking at our entitlement to FTB A which we are borderline. According to the Human Resources site we can earn up to $139,882 between us and still get something, but when I use the rates estimator even with what we earn now $131,800 it says that we are not eligable.
i know that I sound scabby! However I need to ensure that if I take on an extra day of work that we do actually come out in front. We can potentially pay for an extra day childcare, loose and FTB A, loose FTB A supplement, and loose the schoolkids bonus. Has anyone else been borderline, how do you ensure that you are either over by enough to cover yourself or just under.
Thanks
J

#2 CountryBumpkin

Posted 19 December 2012 - 01:56 PM

I think over 109500 you drop down ftb a, I know we lost rent assistance too. They're changing everyone and it's so confusing

#3 nicethel

Posted 19 December 2012 - 02:01 PM

Thanks, i might ring them but then do you really trust what they tell you??

#4 nicethel

Posted 19 December 2012 - 02:01 PM

Thanks, i might ring them but then do you really trust what they tell you??

#5 ekbaby

Posted 19 December 2012 - 02:01 PM

The different amounts are probably due to the supplements. At $131-139K you might still be eligible for the supplement (and possibly the schoolkids bonus?) but not eligible for the fortnightly payments.

#6 ekbaby

Posted 19 December 2012 - 02:01 PM

The different amounts are probably due to the supplements. At $131-139K you might still be eligible for the supplement (and possibly the schoolkids bonus?) but not eligible for the fortnightly payments.

#7 FeralFP

Posted 19 December 2012 - 04:21 PM

I did similar calculations last year but was under the impression we wouldn't be entitled to anything once our joint income surpassed $109k....

I'm no expert, but I think you only get ccb and CCR on that income?

#8 Shellby

Posted 19 December 2012 - 08:06 PM

I just looked at their site and got for 2 kids under 12 and under and 1 over 12 the max to get FTB A and supps is $133 244 - the $139 887 one is for 2 kids over 12 and 1 under - I was going off your signature for their current ages.

Now that is the maximum income limit - for people renting not owning their home. I played with the calculator and got this - when I put in own home you got nothing - put in renting for $300 a week and you get $87 a fortnight in FTB A.

People tend to not know that renting gives you a higher income limit - say for getting maximum FTB and for getting any FTB at the higher end. That is why people will say they lost their FTB when they brought a home - they didn't know there is a different income limit for payments between renting and owning as you will see the website doesn't really state that well.

So I guess if you take the extra day you will lose FTB, but it looks like you already should have on $131,800 - I would be checking that up so you don't get a bill at the end of the finical year just in case.

#9 rebekah-mum

Posted 20 December 2012 - 09:12 PM

To receive the supplement and school bonus you have to receive some FTA during the year or at tax time if you receive nil FTA you will not get supplement or school bonus

#10 SlightlyLeftFeral

Posted 21 December 2012 - 12:36 AM

FTB A is worked out so strangely. I am a single parent and get the base rate of FTB A $24? A fortnight and no rent assistance because my child support payments are $600 a fortnight.

#11 Julie3Girls

Posted 21 December 2012 - 10:18 AM

QUOTE
To receive the supplement and school bonus you have to receive some FTA during the year or at tax time if you receive nil FTA you will not get supplement or school bonus

There is actually a very small income range between where the fortnightly payments cut out, and the supplement cuts out completely. And if you qualify for any FTB-A (including the supplement) then you are entitled to the other bonuses such as the school kids one.

#12 nicethel

Posted 22 December 2012 - 11:07 AM

Thanks for all your replies.  According to the calculator I am not entitled to anything at the moment, but it said that last year and I ended up getting something back at the end of the financial year.  I always over estimate so that I dont end up with a debt so that is all fine.
I dont think that I will take on the extra work anyway as I already go over the CCR limits for the year so any extra day of childcare is going to cost me the full amount ($85) and even though for a day I will earn more than that, I think the time spent at home with my daughter is probably better for her.
Thanks again.
original.gif




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

Why we tend to hold our babies on our left side

On which side of your body do you carry or cradle your baby? If you answered "left" then you're not alone.

Taking fish oil in pregnancy may prevent childhood asthma

Women who took omega-3 fatty acid supplements (fish oil supplements) in pregnancy reduced the risk of their children developing asthma by almost one third.

Mum, dad and son all share a birthday

Luke and Hillary Gardner never have a problem remembering each other's birthday.

Mum shares the bittersweet truth about pregnancy after miscarriage

A mother's candid and heartfelt reflections about pregnancy after miscarriage are providing comfort to other women.

16 simple ways to make your baby smarter

What's the best way to mentally stimulate your baby? It doesn't take a genius - just a loving, involved parent.

Your blood pressure could predict baby's sex even before conception

The average blood pressure of mother could suggest a baby's sex before it even exists, a study has found.

The breastfeeding photo that says it all

Ashley Rockill was lucky enough to have her birth photographer on hand to capture a precious moment.

13 pregnancy superstitions from across the globe

In honour of Black Friday, let's explore 13 of the strangest pregnancy superstitions from across the globe.

I'm a stay-at-home mum, and I'm sending my son to daycare

When you become a mum you give birth to a beautiful baby, but you also give birth to guilt.

Mum gives birth to 'Incredible Hulk' 6.4kg baby

An American mother was shocked when she gave to a 6.4kg (14lb 1oz) baby last month.

Mum demands $530 for daughter's shoes after playdate

A mum has made a pretty bold move by demanding $532 for a pair of her daughter's shoes that were damaged at another family's house. 

A toddler's guide to helping around the house

If a toddler was to write a guide to 'help' you with the household chores, it would go something like this.

The breast pump you can use on the go

The game-changing breast pump promises to make life easier all round.

'Mum, don't be mad but I've just had a baby'

A teen mum has shared her birth story – and her shock at not knowing she was pregnant until her baby's head emerged.

No, Senator, childcare workers don't just wipe noses and stop fights

The only thing childcare workers spend their time doing is "wiping noses and stopping the kids from killing each other"? Not quite.

'I wanted to be the birth mum so much'

When people say "aren't you lucky that there are two of you, that you can switch?" I give them a tight smile.

6 myths about breastfeeding toddlers

Although breastfeeding a toddler isn't for everybody, if you choose to nurse beyond babyhood you can expect some strong reactions.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

From our network

Your child's fine motor skills: what you should know

There is less of a focus on fine motor skills, but they're just as important as others. (SPONSORED)

5 ways music helps your toddler's development

There are at least five other compelling reasons to get musical around your toddler. (SPONSORED)

 

Baby Names

Unusual Celeb Baby Names

Click through the gallery to read the details and see some of the most memorable monikers in show biz families.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.