Family tax supplement

[briggsy's girl]

the supplements will only show on your online services once they are processed - which is 2 working days before it hits your bank account

TM - the money you have paid as tax has to come back through your tax return - if it's not showing up there, you need to check with the ATO and see if you have missed something on etax

[squidipa]

do i and hubbie need to put my tax in first the recieve this?

[Inertia]

Sure do, Squid. If you or your partner receive any income that is not from clink during the financial year, then the sups wait for the tax return reconciliation. It is just in case you were overpaid during the year so they can fix it up without slugging your regular payments.

[squidipa]

cool we over estamated by about 30 thousand

[Liviam]

I'm acutally excited this year as I have also over estimated by $20,000 (got caught out last year and ended up with a debt) and we didn't get our FTB through the year so we should get that too. I'm hoping and praying that we get a nice payment from centrelink, fingers crossed!! The main thing is I'm hoping that I haven't stuffed up again and we end up with another debt.
Is the supplement we are talking about the $600 that we got last year for each child??

[Inertia]

Yes - but this year it is $711.75 per child.

[Liviam]

$711.75 per child, WooHoo!! But before I get to excited is that $711.75 means tested?

[feeb]

I defer FTA B, just a few weeks ago received a letter saying we hadnt done our tax for previous year which was crap, I rang them and they did a few things on comp and a week later i receive a letter saying $800 going into my account!!! was very excited!!!!

Whats the $711 you are talking about is that for A or B?????