next CCR?

[Visitor9]

We have to re -enroll on the 19th October at our daycare centre, so it makes sence that that is when a quarter finishes it comes before we head away again

[BellyBelly]

So if the 2008/2009 tax return hasn't been done, they withold it?

[briggsy's girl]

they only withold the june quarter if you haven't done your tax return

your CCR is an annual entitlement - based on your ccb entitlement and out of pocket costs

if you have estimated your income correctly, your ccb would have been paid correctly - but if you under or overestimated your income, you would either be paying some ccb back (and getting MORE CCR) or you would be entitled to MORE CCB, so have less out of pockets, and less CCR entitlement. it's all "worked out in the wash" in that last payment for the year

if you have overestimated your income, you'll get more CCB and less CCR in that last quarter. you only get 50c in the dollar for out of pockets, so if, for instance, you're entitled to an additional $100 CCB for the year, it means you're entitled to $50 LESS CCR - they don't pay it until that tax return is done to finalise CCB/CCR - if they did, you may end up with a debt raised

i really hope that makes sense!

[Mother Goose]

Thanks for the dates girls.

BG - I thought CCR wasn't income tested? That it was 50% of your out of pocket expenses providing you met the work/study criteria? Has that changed?

[briggsy's girl]

ccr is based on out of pocket expenses. if you qualify for ccb, your out of pocket expenses will be less than if you don't. so no, it's not technically income tested BUT your income for ccb has to be assessed (in case you DO get some) before CCR can be calculated

[Mother Goose]

thanks BG