Child care percentage question??

Hi everyone, I just need some advice, I'm having trouble getting in contact with Centrelink as their phone's are engaged.

I just updated our combined income for next financial year as $75000 and it's come back saying my available child care percentage for 2 kids in care is around 50%!! :o does this seem right? The combined rate estimator said it would be around 70% for 2 kids? I know it's not exact, but off by 20% seems a bit extreme. I'm only working 3 days a week for 5 hours, at this rate I may as well not bother and just go back to staying at home :doh:

Yep 50% sounds pretty right for that income to me. Don't forget you get CCR on top of that so you get an additional half of your gap back too.

what was it until now? there is a system in place called continuous adjustment - essentially, if you underestimated at the start of the financial year, as well as reducing your ccb percentage based on the new income, it also reduces it further to counter the overpayment at the start of the year. come july 1, if your estimate is still at 75k, the continuous adjustment will be removed as you are starting clean, and you'll get the full rate of ccb based on the estimate.

Ah,sorry, I misread your question. So it's saying currently you are eligible for 50% and from start of the financial year it's 70%? As BG said, I've had parents who towards the end of the fy have their % decreased substantially due to under estimating their income and then it goes back up from 1st July.

i read it more that on the estimated income for now, it should be 70%, but it's only 50% and she was trying to work out why. can almost guarantee there is continual adjustment to stop and end of year debt

I think BG is spot on with the reason.