DH received his tax back last week, im sure we overestimated, so when do we find out if we get any money back? or can i assume that because tax came back last week we wont be getting any?
DH received his tax back last week, im sure we overestimated, so when do we find out if we get any money back? or can i assume that because tax came back last week we wont be getting any?
Just call and ask. That's what I did and it hadn't been processed after 2 weeks, 2 weeks later it was.
We got our tax back a few weeks ago and when I rang to see what's going on, they told me everyone has to give it about a month before chasing up payments.
There was a thread around about this very subject but I don't know how to link!
Yes but you can call to see if you will be receiving a payment is what I mean.
cool! will call later!
Or you can check it out via their online services if you are registered for it.
They wouldn't even tell me that, it's all new to me so maybe I wasn't asking the right questions!
I recieved my CCB reconciliation the day before tax went in, and then the ftb reconciliation was about a week after.
Olive, do YOU have to do an tax return? if not, you need to notify c'link/fao yourself that you have no need to lodge, and what your income (if any) was - it can take a couple of weeks from the date on your DH's notice of assessment for FAO to receive the details, but if there has been no notification that you yourself don't need to lodge, your file will sit there indefinitely "pending" your confirmed income. you can notify of non-lodgement over online services, but personally, i'd do it over the phone - that way they will process it straight away and let you know what information is still "pending" or they may be able to give you your outcome during the call
HTH's
BG
thanks BG, the place we did our tax said that because i havent lodged one in a few years that i didnt have to notify them ...ggggggrrrrrrr!
you may not need to notify ATO but you have to notify c'link each year cos ATO doesn't bother to let us know!
Argh! I notified ATO and thought that was all I needed to do! Far out! :wall: Are the ATO supposed to notify C'link?
No Nelle I don't think they're supposed to notify C'link... it's a trap for young players :)
Well, this young player was fooled, but who's laughing now system...overestimation for the win!
Hahaha enjoy it, won't you :)
I overestimated by several thousand and still fell about $700 short of what I was expecting, no idea why. I got one of the FTA per child, I got the FTB per family. I suppose I only got it for one child because I get child support for the other? That or they balance the kiddies separately these days and my ex hasn't done his tax yet ...
it depends on HOW you overestimated
if you overestimated your combined income, but underestimated the lower income earners income, you can still be overpaid ftbb - i have noticed that the system is using ftba supplements to pay ftbb debts BEFORE it uses ftbb supplement, so it can be confusing
if you have a low maintenance assessment at the start of the year and that goes up later in the year you can also be overpaid ftba and rent assistance.
if you happen to cop both of those happening, it's very easy to happen
there should be no reason why you got supplements for only one of your older children unless the other was used to pay back the overpayment you mentioned. they are balanced at the same time. your ex doing his tax (unless he was a current partner in the 09/10 financial year) won't impact payment of your supplements
I underestimated both of them, and e-tax said I had no tax owing, just various credits. The A and B I got back were both slightly over the minimum supplement - for *one* child.
Last year we did our tax early and had to wait months for the FTA/FTB stuff to come through (I got my normal return within 2 weeks) because my ex hadn't done his tax. He's actually never been my partner for tax reasons, I wasn't with him long enough ... yet my tax and a fair slab of my income each year is 100% reliant on him. Lovely the way someone you shagged a few times in 2000 is financially attached for the next 18 years, eh?
call FAO tomorrow hun - the ftbb is right - it is dependent on the age of youngest child and income of lower income earner - so whether you have 1 or 10 kids, your ftbb supplement will be the same
the only thing i can think that would have reduced your ftba supplement, if you over estimated for part a, is if you had a lower income estimate at some point, or the maintenance assessment. when he does his tax will not hold up your supplements at all. give fao a call (bang on 8 if you can - we've been quiet til qld joins the queues at around 8.30 your time) and ask what it was that reduced your supplement. someone will pull it all apart for you. we can pull it apart down to a daily payment over the year if needed
maybe you need to wait for the other parent to lodge their tax to receive the FTBA for the child you receive child support for.???
nope
doesn't work like that hun
your payment is based on the child support you actually receive in the year - the only thing that changes when he does his tax return is the current year entitlement/assessment
I did have it lower at one point, I raised it by $3000 to cover the rent I was getting. I've religiously told them each time my income has changed (always keeping it a few thousand over what I actually get). Time for another eternity on hold then lol
Have to ring them anyway, I have a house settling in 2 weeks and I won't be getting that rent anymore. Just going to have a very high bank balance for a few weeks between house selling and new house arriving. They'd better not try and cut me off for having a big lump sum of money come flying briefly through my account.
Edit: wonder why it took until October to get my return that year then? We put it in in July and got the refund in two parts ... the FTA/FTB came right at the end of October. Never bothered doing it early again after that.
Turns out I was entitled to about $2500 of extra FTA/FTB but lost quite a bit of that just in tax ... I guess all the tax rebates apply to pensions/allowances but not rent/business income ... e-tax said I didn't have to pay tax but I guess e-tax was wrong :(
oh damn - that sucks losing all that money! stupid tax system
for anyone that is reading - the ATO/FAO link isn't established until late in july - if you do your tax before then, it gets held until the mutual channels are opened for that year. then each day the normal daily traffic plus some of the "held" results are put through - but the "held" results are staggered over several weeks. it can hold up your payments doing your tax early in july. we get ours done on or around DHs bday each year (july 30 - tax appt is a good reason to not work that day lol) and our supplements were available within 2 weeks while friends that did them fortnight earlier were waiting for ages
oh damn - that sucks losing all that money! stupid tax system
for anyone that is reading - the ATO/FAO link isn't established until late in july - if you do your tax before then, it gets held until the mutual channels are opened for that year. then each day the normal daily traffic plus some of the "held" results are put through - but the "held" results are staggered over several weeks. it can hold up your payments doing your tax early in july. we get ours done on or around DHs bday each year (july 30 - tax appt is a good reason to not work that day lol) and our supplements were available within 2 weeks while friends that did them fortnight earlier were waiting for ages
Yes the centrelink system sucks i agree, we got a CC thing back of $300 which suprised me and my DH yaaay.