Cost of day care

[Party-of-five]

I wasn't expecting it to be so expensive

I knew it was costly but I didn't think it would be not worth working

Im really really enjoying my job a little bit more than I expected

If work three days and do day care for two of those days(with nannas having them for other day) over half my pay will go to day care

Im trying to work it all out in my head but its just not working...when I started talking about working both my mum and mil were keen to help but now its a reality not so much

Sorry for the big whinge just getting it out my head

[Catastrophic]

It fully sucks balls!

[Liviam]

When doing your maths on whether it is financially viable/beneficial to go back to work verus the cost of child care have you been taking into account the 50% out of pocket rebate you get? This is the only way it's doable for me to be able to pay for child care.
That make sense?

[Party-of-five]

is the rebate what is paid to the daycare centre? Im a bit dumb when it comes to this stuff...

we would have to pay $140 for the 2 girls for one day but centrelink pay $29 a day directly to the day care so we pay $110 a day.

[feeb]

is the rebate what is paid to the daycare centre? Im a bit dumb when it comes to this stuff...

we would have to pay $140 for the 2 girls for one day but centrelink pay $29 a day directly to the day care so we pay $110 a day.

The $29 is the CCB and you will also get the CCR which is 50% rebate. You can elect to have it paid to you or direct to centre fortnightly or to you monthly or yearly.

(I hope I have CCB and CCR names around right way)

[Party-of-five]

that would make a huge difference

[Babyluv]

Have you looked Into Family day care. You pay about $5.50 an hr and then if you qualify for CCB you get that on top so it's great plus the ratio for preschoolers is 1 carer to 4 kidlets.

[sahbear]

Oh that sucks

And yes make sure you get your ccr.
I dont know anything about the others, but the CCR I think is up to about 50% a day, up to $7500 a year per child.

I know my day care is $100 a day or there abouts, and I get half back each fortnight or month (cant remember which) directly from the FAO.
I wont get it for the whole year as its capped at 7500, but its nearly the whole year which is good.

[Floweryfields]

that would make a huge difference

You need to tell Centrelink you are working. You can nominate for your CCR to be paid to service, but I am pretty sure it can only apply from one financial year to the next - so it can't be set up now to start on the 1st July.
If you don't do it that way, you will be able to get it back each quarter paid directly into your bank account. So in reality, it's costing you $55/day for both girls.

[FabFiona]

Just a note on the CCR and CCB for your budgeting. If you elect to have the 50% CCR paid fortnightly either to you or the centre, you actually only receive a 35% discount now. The Family Assistance Office old back 15% in case there is an overpayment on your CCB. If there is no overpayment, you will receive the balance of the CCR at the end of the financial year. So you get the 50% in the end, just not every fortnight.