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At the moment my CCB percentages are 0% after returning to work in Feb - but if I do the online calculator it says I should be getting some CCB - am I not getting any because they are looking at the year as a whole and before returning to work I was getting a higher percentage because my annual income estimate was much lower - so it is like they have overpaid me CCB?
Yes. That's exactly it!
So it isn't like FTB B where they take into account you are returning to work for the first time following birth of child?
Also if you are returning to work like that, is there a calculator you can use to tell you what would get based on what already have been paid? Obviously is too late for my mistake but for others?
Also does this mean that the 15% of the rebate that is held back to cover overpayments is now less likely to be used up because in effect I am now less likely to have been overpaid by time gets to end of tax year.
I had to adjust my income for the year in March and even though we are still within the limits they have cut the CCB to 0%. When I have called I haven't got much of an explanation other than its to avoid being overpaid and I will get any back when we do our taxes, if there is a shortfall the 15% will apparently cover it.
No it doesn't work like ftbb with the return to work quarantine. Ftbb is the only payment that applies to
There is no particular calculation. It looks at everything you've used and averages it. Can't say one way or another about ccr held back as it really depends on whether the amount you were overpaid for CCB is covered by how much its been reduced kwim?
Cheers BG - is there a reason why the return to work quarantine isn't applied to the CCB? The situations seem similar just curious as to logic why the quarantine isn't used. E.g. If I had started work next tax year for example then I would get a CCB percentage straight off and wouldn't be required to repay any CCB from this year?
I only know what they do, not why they don't do things! Easier to do my job if I don't try to understand the logic. Lol
I can see where you are coming from though!