does anyone know what we would be entitled to?

[LaDeeDa]

ohmygodi'mamum - thanks so much!
to be honest i am really scared.... after being on dual incomes for so long I am not sure how we are going to do it...

any tips you might have would be greatly appreciated

[briggsy's girl]

make sure you check with your employer as you have to take into account everything paid in the 08/09 financial year - given you'll have 6 months full pay, 6 months half, on pro rata of 60k, i can guarantee you won't get 190 this financial year - you might get that much at the start of the new financial year, but if you do 6 months full pay, 30k earned. then 6 months half pay, another 15k

add your 45k to dh's 50k, you won't get 190 a fortnight. i can 1000% guarantee it!!!! . you have to include EVERYTHING you've earned in this financial year! your incomes are both too high for ftbb, ftba is max 151 per fortnight, and you'll get base rate at best 48.30 a fortnight.

[LaDeeDa]

oh ok then..... thanks heaps for that
I am still trying to get my head around it all.

i think i might just work from the start of the financial year where i won't be earning anything.....
that might be the easiest way

[briggsy's girl]

based on your incomes this year, you'll probably be on minimal if any til july 1 - from then, i'd do the estimate on you nil, your partner 50 - BUT, if you're likely to go back to work, incorporate your income into partners or you will end up with ftba overpayment.

when you return to work, lower dh's income estimate and put that income against yourself - it's complex but it works i promise!

[LaDeeDa]

lol i don't think they could make this anymore complicated if they tried.....

i really want to try and stay home as i work in the city and it takes me 1 hour plus to get to work each day and then back again....

if i wanted to give up my corporate job and do a few hours at safeway etc how much can i earn before my payments are affected?

thanks so much for your help briggsysgirl

[briggsy's girl]

ftba is impacted by every dollar of your combined income over about 42.5k

ftbb is max rate until you (as lower income earner) is around 4.5k