Can u get paid to look after your own kids in family daycare?

[squidipa]

sounds a bit unfair hey
thanks for that info tho does help

[briggsy's girl]

misty - as an example - if it costs $5 an hour and the government rebated $3 - you are only paying $2 per hour to have someone look after your child, but you have a child in your care that you're earning $5 per hour for - so you're up $3 an hour. you then take into account the fact that you qualify for the child care rebate, which gives you back half your out of pocket costs each quarter, so $1 an hour is rebated

essentially, long term, you're earning $5 an hour and only paying out $1 an hour for child care - meaning a profit of $4 an hour.

it isn't ideal, but financially it does make sense

[misty]

misty - as an example - if it costs $5 an hour and the government rebated $3 - you are only paying $2 per hour to have someone look after your child, but you have a child in your care that you're earning $5 per hour for - so you're up $3 an hour. you then take into account the fact that you qualify for the child care rebate, which gives you back half your out of pocket costs each quarter, so $1 an hour is rebated

essentially, long term, you're earning $5 an hour and only paying out $1 an hour for child care - meaning a profit of $4 an hour.

it isn't ideal, but financially it does make sense

thank for the explaination - I thought I must have been missing something.