[ipc2009]

I think you better give FAO a call. It is your money so you should be proactive. I am not getting CCB so really have no idea but I believe other mums & dads should be able to give you some better advices.

Wish you sort it out soon!

We had our tax done today so finding this calculator is timely. Our accountant said we should have another look at our entitlements.

So, I plugged in our details and the calculator comes up with a CCB of 15.09%, which we have not been receiving (we have been on 0%).

What is my next step? Calling the FTO? Or, will they pick up the error once our tax claim is lodged with the ATO?

Thanks in anticipation!

[nung]

ipc2009: your calculator works really well thank you! just wondering though, on family assist website it says that for having 2 children i am entitled to a max of 3.76/hr not the 3.60/hr that is default in your calculator, - i know it's not a huge difference in the calculations, but wondering if there's any way i can manually change this rate on the calculator to get a more accurate figure? i tried to unprotect the sheet but it won't let me do it without a password

[ipc2009]

The hour rate at the up-right hand corner is the standard rate and your rate may be different from that. For your rate, you should check the Hourly Rate under each individual children.

Cheers.

ipc2009: your calculator works really well thank you! just wondering though, on family assist website it says that for having 2 children i am entitled to a max of 3.76/hr not the 3.60/hr that is default in your calculator, - i know it's not a huge difference in the calculations, but wondering if there's any way i can manually change this rate on the calculator to get a more accurate figure? i tried to unprotect the sheet but it won't let me do it without a password

[nung]

Thanks for your response. Hmmm not quite sure I understand your answer, but maybe I didn't word my question very well. Is there anyway I can change the standard 3.60 to 3.76 on your spreadsheet so that I can calculate my correct costs? The maximum rate of CCB per hour for 1 child is 3.60, but for 2 children the max rate of CCB is 3.76/hr, and then the appropriate CCB% is applied to that based on income testing. I have worked out my costs manually, but would be great to run a few scenarios through your spreadsheet if I could adjust the rate.

[ipc2009]

When the calculator calculates your CCB, it will automatically adjust the hour rate. If you check the hourly rate under "Child in Care 1", you will find it is different from the standard rate $3.6. Also, I believe the costs you work out manually should be as same as what is shown in the up-right hand corner, namely, "Child Care Benefit $".

Cheers.

Thanks for your response. Hmmm not quite sure I understand your answer, but maybe I didn't word my question very well. Is there anyway I can change the standard 3.60 to 3.76 on your spreadsheet so that I can calculate my correct costs? The maximum rate of CCB per hour for 1 child is 3.60, but for 2 children the max rate of CCB is 3.76/hr, and then the appropriate CCB% is applied to that based on income testing. I have worked out my costs manually, but would be great to run a few scenarios through your spreadsheet if I could adjust the rate.

[nung]

Thanks for another quick response

Yes I totally understand what you mean about the rate under "child care 1" being different than 3.60, because it has been calculated as an appropriate percentage of 3.60 depending on the individuals income etc. What I am saying is that the 3.60 starting point should actually be 3.76 when they are 2 children, 3.91 for 3 children etc etc, then the percentage be applied to that. For example, if your CCB% was 88.45, your spreadsheet calculates the CCB on a rate of 3.18 for Child in Care 1 & 2 etc, but this should be 3.33 iykwim? So you and I actually get different figures when I work it out manually, I should be paying less than what your spreadsheet says. I'll give you a link to the FAO so that you know what I am referring to:

CCB Payment Rates

Anyway, it's no big deal, just was wondering if there was a way to modify the spreadsheet, but no problem Thanks again.

[ipc2009]

The CCB % 88.45 already factored in the multiple children loading. Otherwise, if you use the 3.76 hourly rate, your CCB% should be lower than 88.45%.

I hope this can help.

Cheers.

Thanks for another quick response

Yes I totally understand what you mean about the rate under "child care 1" being different than 3.60, because it has been calculated as an appropriate percentage of 3.60 depending on the individuals income etc. What I am saying is that the 3.60 starting point should actually be 3.76 when they are 2 children, 3.91 for 3 children etc etc, then the percentage be applied to that. For example, if your CCB% was 88.45, your spreadsheet calculates the CCB on a rate of 3.18 for Child in Care 1 & 2 etc, but this should be 3.33 iykwim? So you and I actually get different figures when I work it out manually, I should be paying less than what your spreadsheet says. I'll give you a link to the FAO so that you know what I am referring to:

CCB Payment Rates

Anyway, it's no big deal, just was wondering if there was a way to modify the spreadsheet, but no problem Thanks again.

[nung]

Oh ok this totally makes sense! I got this % figure as a result from doing the Family Assistance Online Calculator (amongst other %'s when I put thru multiple scenarios i.e. different incomes), so if you've got the loading built into your %, then the % on their calculator must also have that loading built in.
Thanks!

[ipc2009]

No problems. The CCB% you got from FAO does factor in the multiple children and part-time loadings etc.

Cheers.

Oh ok this totally makes sense! I got this % figure as a result from doing the Family Assistance Online Calculator (amongst other %'s when I put thru multiple scenarios i.e. different incomes), so if you've got the loading built into your %, then the % on their calculator must also have that loading built in.
Thanks!