Paid Parental Leave - Income for the tax year?

[RhiChiChi]

Hi,

Can someone please clarify if PPL is classed as income? I am trying to estimate what my income will be for next financial year so I can figure out if I am better of with PPL or the baby bonus. Someone told me that PPL is classified as income, whereas I thought any benefits from FA and the likes is not considered as income per se....?

[AlligatorsMum]

Ppl is classed as income and that is why u get taxed on it - the baby bonus isn't taxed and therefore isn't classed as income.

[briggsy's girl]

PPL is taxable, ftba, ftbb, baby bonus are not

[sepata]

Shoot, that means I stuffed up my estimates when ds was born.


Excuse my sucky spelling, I'm on my iPhone

[briggsy's girl]

bugger
change it now - it will mean you'll get short paid for the next few weeks but will reduce any potential debt at tax time

[RhiChiChi]

Thanks all, makes sense now! I'll have to work out whether or not to take full pay or half pay b/c we get paid maternity leave at work plus I have annual leave and some LSL..... Oh the joys!