I overestimated by several thousand and still fell about $700 short of what I was expecting, no idea why. I got one of the FTA per child, I got the FTB per family. I suppose I only got it for one child because I get child support for the other? That or they balance the kiddies separately these days and my ex hasn't done his tax yet ...
it depends on HOW you overestimated
if you overestimated your combined income, but underestimated the lower income earners income, you can still be overpaid ftbb - i have noticed that the system is using ftba supplements to pay ftbb debts BEFORE it uses ftbb supplement, so it can be confusing
if you have a low maintenance assessment at the start of the year and that goes up later in the year you can also be overpaid ftba and rent assistance.
if you happen to cop both of those happening, it's very easy to happen
there should be no reason why you got supplements for only one of your older children unless the other was used to pay back the overpayment you mentioned. they are balanced at the same time. your ex doing his tax (unless he was a current partner in the 09/10 financial year) won't impact payment of your supplements
I underestimated both of them, and e-tax said I had no tax owing, just various credits. The A and B I got back were both slightly over the minimum supplement - for *one* child.
Last year we did our tax early and had to wait months for the FTA/FTB stuff to come through (I got my normal return within 2 weeks) because my ex hadn't done his tax. He's actually never been my partner for tax reasons, I wasn't with him long enough ... yet my tax and a fair slab of my income each year is 100% reliant on him. Lovely the way someone you shagged a few times in 2000 is financially attached for the next 18 years, eh?
call FAO tomorrow hun - the ftbb is right - it is dependent on the age of youngest child and income of lower income earner - so whether you have 1 or 10 kids, your ftbb supplement will be the same
the only thing i can think that would have reduced your ftba supplement, if you over estimated for part a, is if you had a lower income estimate at some point, or the maintenance assessment. when he does his tax will not hold up your supplements at all. give fao a call (bang on 8 if you can - we've been quiet til qld joins the queues at around 8.30 your time) and ask what it was that reduced your supplement. someone will pull it all apart for you. we can pull it apart down to a daily payment over the year if needed
nope
doesn't work like that hun
your payment is based on the child support you actually receive in the year - the only thing that changes when he does his tax return is the current year entitlement/assessment
I did have it lower at one point, I raised it by $3000 to cover the rent I was getting. I've religiously told them each time my income has changed (always keeping it a few thousand over what I actually get). Time for another eternity on hold then lol
Have to ring them anyway, I have a house settling in 2 weeks and I won't be getting that rent anymore. Just going to have a very high bank balance for a few weeks between house selling and new house arriving. They'd better not try and cut me off for having a big lump sum of money come flying briefly through my account.
Edit: wonder why it took until October to get my return that year then? We put it in in July and got the refund in two parts ... the FTA/FTB came right at the end of October. Never bothered doing it early again after that.
Last edited by deletedit; October 10th, 2010 at 07:21 PM.
Turns out I was entitled to about $2500 of extra FTA/FTB but lost quite a bit of that just in tax ... I guess all the tax rebates apply to pensions/allowances but not rent/business income ... e-tax said I didn't have to pay tax but I guess e-tax was wrong
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