thread: FTB transfer question

  1. #1
    2014 BellyBelly RAK Recipient.

    Mar 2008
    Vic
    4,806

    FTB transfer question

    I'm changing our FTB into fortnightly installments from the lump sum. We've always claimed it through DH.

    We haven't claimed our lump sum for the 2012-2013 financial year yet as his tax return is being checked over by the ATO (nothing sinister, just had a problem accountant).

    If I am now claiming for that with centre link, do I still need to wait for his tax return?

    And if I claim for the 2012/13 financial year, do I receive a lump sum back payment and then it rolls into fortnightly installments, or do I need to wait for the next tax return to be done and then start the ball rolling on the fortnightly repayments for the 2013/14 financial year?

  2. #2
    Registered User

    Jan 2010
    In Love land with my family :D
    1,512

    As far as I know, you'll have to wait for his tax return for this year.

    As for the 2013-14 financial year you'll have to estimate your & Dh income and change to fortnightly payments. Be very careful not to under estimate as you'll end up with a bill.

    Hth

  3. #3
    2014 BellyBelly RAK Recipient.

    Mar 2008
    Vic
    4,806

    Thank you!