thread: bit confused about family tax benefits.

  1. #1
    Registered User

    Oct 2007
    Melbourne
    106

    bit confused about family tax benefits.

    Just checked my online account,my new baby is got registered after three months.
    I saw his baby bonus payments and for family payments its $ 211 fortnight.

    My DD (becoming 3 years old in a week) was getting $252 fortnightly.her payments are reduced to $211 as well.
    Iam on parenting payment and my DHS income has'nt changed from past two years.

    Is payments reduce with number of children?? isn't it $500 per month per child?
    Iam confused here.
    Last edited by Nimra; April 11th, 2013 at 01:23 AM.

  2. #2
    Registered User

    Oct 2007
    Melbourne
    106

    bump:

    BG any help!!!!

  3. #3
    Registered User

    May 2005
    Canberra
    3,617

    Which payment are you actually talking about? FTB?

    In my experience, you don't get the same amount for the second or subsequent babies as you did the first. Nor do they split the payment to say $z is for baby one, $b is for baby 2, etc. It is all just one lump sum. For example I was receiving $300 when I had one baby, when I had my second it went up to $370 (same income details etc) - and it got put in my bank as two parts regardless of the number of kids ($xy for FTB A and $zx for FTB B).

    Have you checked out the online extimate calculator?
    Last edited by misty; April 11th, 2013 at 09:04 AM.

  4. #4
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    Will come back to thie later. Lots of reasons thins could have hanged but I'm typing on my phone so can't go in to it

  5. #5
    Registered User

    Oct 2007
    Melbourne
    106

    Thanks girls,
    BG will wait for your reply,misty i haven't checked online calculator going to do it now

  6. #6
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    ok, quick explanation
    ftb is broken in to two parts
    ftba is based on both incomes - if you are receiving parenting payment, you would get max amount of ftba per child - approx 164 per child
    ftbb is based on the income of the lower income earner (in this case, probably yourself) - if you're on ppp, your income would be around 12000 so you'd probably be getting pro rata amount of that one, not full amount (maybe 80 per fn)

    add all those up, you're looking about 410 a fn (it may be a little more for ftbb)

    now, if your estimate changed, it might mean your payment has been reduced to a lesser amount than what the estimator online says. if you previously had an estimate of 5k for yourself, then increased it to 12k, the system would look at all the days you were overpaid (when estimate was at 5k) and reduce the payments for the balance of the financial year as well as paying you less because your income is at 12k. honestly, for a ppp customer with two kids, 410-430 ish per fn sounds about right

    if you pay rent, you may be entitled to a bit more than this - but only if your rent has been verified (ie you've provided your lease agreement).

  7. #7
    Registered User

    Oct 2007
    Melbourne
    106

    Thanks BG,
    I got almost identical reply from CL.