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ive just applied for parenting payments ect as i had my bubba 8 weeks ago and they told me im ill get 500 a fortnight for that it seems like alot does that include the baby bonus maby?:redface:
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Baby bonus is $385 a fortnight so therest might be Family tax benefit
Possibly. The baby bonus is $385 a fortnight, I believe.
it will depend on your circumstances to be honest
given that you've not listed partner details i'll give a quick break down of MAX entitlements for being single or partnered, with NO income
single
baby bonus 385ish
ftba 150ish
ftbb 128ish
parenting payment single 550ish
partnered
baby bonus 385ish
ftba 150ish
ftbb will depend on your parenting payment entitlement so i can't comment
parenting payment partnered 380ish (dependent on partner income - you'll get max rate if partner income under 700 taxable per fn, decreasing til you get nothing when partner income around 1400 per fn)
Oh thank you yeh im single they said ill get $500 parenting payment and 270 for family assistance so i think that sounds right
plus you will get $385 a fortnite baby bonus over the 1st 6 months on top of that so u will get approx 1100 a fortnite for the first 6 months then about 750 a fortnight after that. the ATO website has a rate estimator you put in all your details and it will give you an idea of waht your entitled to. remember if you worked at all in this financial year (e.g. july 08 til now) you will need to include that in your estimate and it will lessen your payments. HTH:
sorry TM - hate to do this, but any income earned this year will not impact on PPS - if you're on PPS, you get max rate ftba and ftbb - the ONLY thing that changes that is child support entitlement
BG: cheers for clearing that up :P i was just going off what ill be getting for PPP...seems abit unfair that any income earned this yr doesnt count towards PPS but counts towards my PPP??