Does anyone know whether a single mum with 1 kid will get this cash injection I heard about on the radio? The newspapers only mention families with 2 kids... And will it be a lump sum or spread over the financial year?
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Does anyone know whether a single mum with 1 kid will get this cash injection I heard about on the radio? The newspapers only mention families with 2 kids... And will it be a lump sum or spread over the financial year?
there is a thread about the education tax rebate becoming a cash "bonus" (i think it's in media rather than c'link threads). Based on Elly's age, no, you won't get any of that payment that was announced in the most recent budget
you may be eligible for the clean energy/carbon tax offset advances that are released over the next six-ish weeks though.
have a look at your online services - it will tell you a couple of days before your next payment what is coming
There is also a supplementary allowance for people on parenting payment and some allowances. I'll post more when I get to work.
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they're all part of the clean energy stuff though aren't they Fiona? stuff that was announced last budget and due to be paid in the next six weeks?:
Nah I'm pretty sure this is on top of the clean energy future package. There is also new increases to FTB A. I think. There's so much to digest.
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Subbing. I know there is never such a thing as Free money - but any money at the moment would make a huge difference to us!
Some extra cash would be pretty handy here too atm. How do I find out what I'm eligible for?
Subbing - hopefully you girls can make me understand all this!
Here's what has come through so far at work. More detail will be available on the Centrelink website once the Budget is passed and the below proposals become law. However it's worth nothing that the SchoolKids Bonus has already passed the Parliament so that's definitely coming.
Increase to FTB A
- families will receive an increase of up to $600 a year in their Family Tax Benefit Part A payments from 1 July 2013
- Families receiving the maximum rate or part of the maximum rate of FTB Part A with two or more children will receive an extra $600 a year, or an extra $300 a year if they have one child.
- Families receiving the base rate of FTB Part A with two or more children will receive an extra $200 a year, or an extra $100 a year if they have one child.
Supplementary Allowance
- People that receive Parenting Payment, Youth Allowance and Newstart Allowance
- The payments of a total of $210 a year for singles or $350 a year for families will be indexed by the Consumer Price Index and will be tax-free.
- It will be paid in twice-yearly instalments in March and September.
SchoolKids Bonus
- Only for people eligible to receive FTB A
- Parents will receive $410 for each child in primary school and $820 for each child in high school as part of the new Schoolkids Bonus.
In the meantime, Medicare tax rebates for IVF, etc have been slashed :(
There is information here about the Clean energy Advance payments and how much you can get Clean Energy Advance Rates - March 2012 - The Hon Jenny Macklin MP going by those figures, the most you can get per child is $87.55
The information I just posted is seperate to anything related to the clean energy future package.
Yeah I know, but I thought it would be helpful to Phynna and anyone else who was interested in it.
N2L - oh no! They are really making it difficult for all of us that have to use IVF services - so now not only have they slashed how much you can get back in relation to your safety net, but they have also slashed what you can get back at tax time! Does this apply to OB services also?:
Janie
So because I recieve ftb a and b we get $87.55 + $69.99?
I'm loathe to confirm individuals amounts as I'm still getting across the details myself and there are so many variables in these situations.:
Sorry, what I meant is that because we get a and b we get both, or is it one or the other?
YOu get both is my understanding of that but until you get notification about it for sure I wouldn't be counting on it kwim?