Family tax supplement

[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?

[Inertia]

Only in total with all FTBA. So long as you were financial eligible for a part or whole payment of FTBA during the year, and you did not underestimate leaving yourself with a debt that can absorb it, you will be eligible for the FTB A Sup. It is pro-rata so I cant remember if you went over into July like I did so I will just say that its 711.75 for the whole year. For Phoebe I am only going to get around $690 as she doesn't qualify for 11 days.

[Astrolady]

geeze @ $711.15 this year !! that is an extra $300 I wasn't expecting. I was just assuming it would still be around the $600 mark per child LOL.

[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?????

[Astrolady]

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?????

It is Part A and is per child
Part B is $350 something and is per family.

[feeb]

It is Part A and is per child
Part B is $350 something and is per family.

Ahh ok cool thanks