Hi, coming in a little late but have been reading all the responses and wanted to subscribe to this thread.
UsPlus2 - I have already filled in the paper work for my ppl online and received confirmation from centrelink. My bub is due early feb and once they are born i just have to register bubs birth. I chose to get fto to pay me as i work for small business and thought it was kinda unfair that they have to go to the trouble of paying me when i could be paid by the government, even though it is fortnightly not weekly like i'm used to.
BG - i did the ppl calculator and would be around 2k better off. I don't really understand why the baby bonus wouldn't benefit those who qualify more then the BB. Is it because in some cases it increases your tax bracket and you end up losing your ftb? I earn slighly less then the ppl but after making my adjustments my cc fees only went up $1.50 and my ftb didn't change as i only get $50 a fortnight anyway. So does it also depend on what time of the year you have you baby as to how it will affect you? for us not much will change but i guess if you earn quite a bit less then ppl you would lose your ftb and therefore be worse off, is that kinda how it goes?
ETA - i will be working less hrs next FY but will my measly $50 a fortnight go up with a second child?
Thanks for your help.
Bookmarks