FAO peak time coming up

[*Twinkle*]

BG I have a question regarding tax and centrelink. My DP has done his tax already through e-tax and I was on centrelink online and his income is already there in the family income 2010-2011 actual income column for your partner! This is in record time, and probably an obvious question but does this mean ATO have already sent centrelink his actual income(as in have done his tax return?)?? I am so confused as to why one day later his actual income is there...maybe I should feel grateful that its been looked at so quickly!lol

[briggsy's girl]

yes be grateful! the channels opened up yesterday for reco rsesults so his may have snuck through straight away

[*Twinkle*]

Oh wow that is awesome.... Thanks babe.xo

[BeautifulMadness]

BG: i didnt know you could do that with the baby bonus hmm interesting....makes it easier to do it before bubbs is born.

im hoping this year everything goes smoothly....

[briggsy's girl]

If you already get ftb for other children you don't need to do the claim for baby bonus. The form at birth is all you need to do

[Beach Mama]

Thanks for the all info BG! Quick question from me - we claim FTB as a yearly payment instead of fortnightly etc. Do we need to do something, or will it get paid automatically? Also, is it dependant on our tax returns going in or will it come on a certain date - I should actually look at the site shouldn't I?! Sorry for the basic questions..>Slinking off to find something myself

[e_p]

Thanks for the all info BG! Quick question from me - we claim FTB as a yearly payment instead of fortnightly etc. Do we need to do something, or will it get paid automatically? Also, is it dependant on our tax returns going in or will it come on a certain date - I should actually look at the site shouldn't I?! Sorry for the basic questions..>Slinking off to find something myself

Two possibilities - you're either 'current' in the FAO system, but opt to receive zero payments during the year and get everything as a lump sum at the end of the year, OR you lodge a 'Lump Sum Claim' every year.

If you're current FAO but zero rate, once your tax returns have been done, the information will be sent from the ATO to FAO and they will automatically calculate your entitlement and pay it (this is called 'Reconciliation').

If you're NOT current FAO, you need to lodge a Lump Sum Claim (can be done online) once you and DH have lodged your tax returns. In previous years there was an option to claim the lump sum within your tax return but that no longer exists. You can do a Lump Sum Claim for up to 2 financial years in the past.

HTH!!

[AliBaby]

BG I have a question regarding tax and centrelink. My DP has done his tax already through e-tax and I was on centrelink online and his income is already there in the family income 2010-2011 actual income column for your partner! This is in record time, and probably an obvious question but does this mean ATO have already sent centrelink his actual income(as in have done his tax return?)?? I am so confused as to why one day later his actual income is there...maybe I should feel grateful that its been looked at so quickly!lol

I did my tax 2 days ago with etax and noticed tonight that my actual income was up on my centerlink online services! I just completed DF's tax so fingers crossed it wont take long to come through as well. Any bit of money at the moment is going to help us with our wedding.