Another question on paid parental leave (and estimating income)

[HotI]

Sorry, should of said i have to estimate my income for family assistance (FTA FTB) for the 2011-2012 year. Not estimating income to determine eligibility for baby bonus/parental leave.

Would my estimate for FTA/FTB this year be my wage July - Dec. or is it my wage July - Dec + paid parental leave from Jan. ?

[FabFiona]

Good question! I have no idea - let's see what wiser minds think.

[briggsy's girl]

if you're going to have paid parental leave, it is a taxable income and you need to include it now or you risk an overpayment for FTB
if you're going to claim baby bonus, it is non taxable and does not need to appear on your income estimate at any time

[HotI]

thanks! now i just have to work out which one i will apply for, and then what my estimate will be.