Sorry to hijack, but BG I was told that the baby bonus is now income tested and the cutoff is a combined $75K pa. Is that right?
yeah it is probably irrelevant to most average joes like us - but there is an income limit so you need to be aware of it
Sorry to hijack, but BG I was told that the baby bonus is now income tested and the cutoff is a combined $75K pa. Is that right?
no, it's 75k in the six months immediately following the birth of the baby - so if mum is on unpaid mat leave and dad is on less than 150k pa, all good. if mum is on paid mat leave, then they'd have to make sure that dad's income was a bit less kwim?
the income limit for BB is $75k combined in the first 6 months of the baby's birth.
ETA: hehe...just saw BG responded just before me and with much better info![]()
Thanks ladies. That's a relief - we've been counting on a bit of extra cash
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