Well i might have had the wrong information but i am sure that i read that because we get our family payment annually in a lump sum at the end of the year once we do our tax return that we would have to wait till then to recieve our $1000 per child.
well i was WRONG we got ours yesterday in our account, i am not complaining but i was not expecting it.
Is anyone else in my situation and received the money too ?
Well it will be great to hear if anyone else thought this too so i don't think that i am going crazy!!!
Wow what a nice surprise. I was also under the impression that if you get your FTBA payment as a lump sum at tax time that you would also get your $1000 payment at this time. Because how would centrelink know what your income is to be able for the year to assess whether or not you are eligible for FTBA.
I thought it was if you were receiving Part A - or were eligible to receive Part A as at 14/10 - you would receive it. If it came out during the financial year you were retrospectively eligible for part A, then you would get it at tax time.
So I am assuming your estimate and history shows them that you would be eligible to receive it, even if just the minimum.
We don't get part A so are trying to think of ways to reduce our reportable income LOL.
sami yeah we have always been eligible, we just like our family payments in a lump sum it our way of saving, but i still did not think that we would get it.
And i would definitly try and get your income down atleast you have a while to do it !!!
Nikki
Well, everyone estimates their income - then they elect how to receive part A. Soooo my guess is because your estimate would still make you eligible, you would receive it.
Everyone who estimates still has to declare income at the end of the year for adjustment purposes.
ooooh really!??!!?!? This is most exciting .. i'll have to keep a look out, cos I thought we would get it at the end of financial year too!!! WOOOOT!!!
If you were ftb current on zero rate and your estimate reflected that you were eligible for ftba you will get paid this fortnight. If you just purely claim ftb from the ato you will receive the payment at the end of the financial year. Hope this clarifies it abit.
if you are FTBA active but deferring payment til tax time, it would pay based on your estimate. it's only if your estimate is over the thresholds or you're not claiming it at all til the end of the year
essentially, you have made a choice to not receive payment until tax time but can change that choice at any time with no issue as you're eligible for payment. it takes 2 minutes on the phone to update that choice. it would be different if your payment were not active
I was wrong, anyone else??????????
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