thread: PPL estimates? Help please

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  1. #1
    BellyBelly Member

    Jan 2010
    2,793

    I've got no idea if this is possible, but I assume it would be as I'm sure lots of people's circumstances change throughout the year, but maybe make an estimate based on going back to work in Jan and using your DH's average wage and then just ring and update as soon as you think your estimate looks like being wrong. I'm sure you could do it a few times if needed. Maybe keep track of income and update every few months if its off??

  2. #2
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    There are people that estimate based on a base wage and then they work overtime so jump online and update a thousand extra. Some people update once a month as their circumstances change. I would generally suggest looking at best case scenario in terms of wages and work it out from their (so best wage you could expect) and then get a too up at tax time.

    The only other option is to not claim ftb until tax time. But honestly, given previous posts regarding your financial situation I would assume that's an idea you can't afford to entertain at this stage.

    I will suggest to try and always estimate higher than you think you will get. Of you estimate low and then earn more you may get a debt a t tax time. Or when you update your estimate you will have a big reduction in payments.

  3. #3
    Registered User

    Jul 2010
    Melbourne
    2,737

    Thankyou ladies

    Ok, last night my friend told me that it will only affect the payment if DH and my annual income is higher than $150k. Which it isn't. Is this right?
    If so i could just put the same as this years and it wouldn't make a difference. (unless by a miracle DH lands a fabulous high paying job in July when he gets his license back )

  4. #4
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    No that's not even close to correct!