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Baby bonus vs paid parental leave
So confused!


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5 replies to this topic

#1 eleven

Posted 02 January 2013 - 07:16 PM

Hi All,

I've just spent ages trying to work out what's best for us but can't seem to get any figures, only a suggestion that the ppl would be better. Does anyone know the rates of pay for each of the entitlements? If I take my and my DHs pay slips in to Centrelink will they work it out for me?

Thanks!

#2 JRA

Posted 02 January 2013 - 07:20 PM

the problem is until you know your income for the whole financial year, it is hard to know what your tax will be, and your ftb-a and ftb-b. You need to take this in to account when working this out

Edited by JRA, 02 January 2013 - 07:21 PM.


#3 Ariah888

Posted 02 January 2013 - 07:32 PM

QUOTE (eleven @ 02/01/2013, 07:16 PM) <{POST_SNAPBACK}>
Hi All,

I've just spent ages trying to work out what's best for us but can't seem to get any figures, only a suggestion that the ppl would be better. Does anyone know the rates of pay for each of the entitlements? If I take my and my DHs pay slips in to Centrelink will they work it out for me?

Thanks!


There is a calculator function on the Dept of Human Services website. Currently the PPL is 1213 per fortnight for 18 weeks and is taxed. Also you can't receive ftb B.
BB is $5000 total with about 800 paid upfront and the rest in fortnightly installments over 6 months (about $200).
Hope that helps

#4 eleven

Posted 02 January 2013 - 08:11 PM

Thanks, will Centrelink sit down with me to work it all out?

#5 JRA

Posted 02 January 2013 - 08:16 PM

If you KNOW what you and your partner will earn into the future, then you can determine the tax that will be paid, then you can work it out. That is the hard part

#6 Violet Crumble

Posted 02 January 2013 - 08:17 PM

Google 'Centrelink Rate Estimator' and you can input your details and compare.




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