Babies Born March 2008 #4

[catherinemoses]

Hi girls. Just re: tax and bank accounts for kids... this is from the ato website


Interest

If a child quotes their date of birth, they are entitled to a threshold of $420 per income year on interest. If they don?t quote their date of birth, the threshold is the same as the adult threshold of $120 per income year.

Where the total interest earned during an income year is $420 or more

* if the child quotes a TFN, the investment body will not withhold pay as you go (PAYG) tax, and
* if the child does not quote a TFN, the investment body will withhold PAYG tax at 46.5%.

This applies to the total interest earned (not just the amount above $420, or the payment period threshold equivalent).

If the child has had PAYG tax deducted, they will need to lodge a return to claim these amounts back from the Tax Office. A child who does not have a TFN will need to get one before they can lodge a return.

In all likelihood they're not going to be earning that kind of interest but if some of you do have stacks of cash and find a high interest acc then... well it's good to know this!

HTH

[teachmum]

Thanks SJ. I knew it wasn't to be taken in pregnacy but was surprised they advise against it for nursing mothers. I suppose it might not be good in the early weeks.

[prama]

hi SJ - how did Molly's appt go?

so sore of mums and bubs today...
shell it was nice having a coffee, my shout next time!

catherine - thanks for that info!!

poopy's falling asleep..gotta go.

[danniellabella]

I bought my first cloth nappy today and a breastfeeding bracelet. I have a weakness, my local natural parenting shop which is about 10mins drive from home. Now that Jazz has got herself into the habit of doing one big poo a day I've decided that I'm going to try cloth nappies to save a few bucks.

I also bought (from the chemist) a new nipple shield pack (2 shields and a case for only $12.95). I decided to get smaller teats in an effort to try and get Jazz off the shields.

I really love the breastfeeding bracelet, I always forget what time I did the last feed, now I can track it. Also now I don't have to use a safety pin in my bra to remind me which side to start on.

Has anyone's bubs started to giggle yet? Jazz is trying to but hasn't quite got it yet. She's started copying when I poke my tongue out though.

[shell_120308]

Hi girls,

Things are going well with DJ, last night (Sunday) he slept for 5 hours and I felt great today. Waiting for him to wake up for his next feed, he has been sleeping for almost 6 hours now!!!! Omg I hope he can do that again after his next feed. He is starting to sleep more in between feeds.

Prama - good to see you today in class and also for coffee afterwards, we will have to make it a regular occurence so we can have a good chat after class...... that way we don't get into trouble for gas bagging hope you managed to get Steve to check out the pram for you so it is easier to get in and out of car.

SJ - envious of a 9pm-5am sleep for Molly Jane - that is fantastic!!

DJ waking up, better prepare for feeding, I will do personals tomorrow.

Hope you are all well.

Shell xxxx

[danniellabella]

Shell yay for longer sleep!

I decided to try something today. Jazz has got a habit of sleeping all night and then waking sometime between 5 and 6am for a feed and then going back to sleep for a couple of hours. Now, I would like to sleep longer after that 6am feed. This morning I put a blanket over her crib to make it darker. We went back to bed at 7am, it's now 10:30 and she's still asleep but sort of makes some noises occasionally now coz she's got wind. I'm waiting until she starts really crying or there's less quiet time between wind whimpers before I get her up. It's great though coz I got up at 10am, got dressed, had breakfast, hung out the washing I put in the machine at 7 before I went back to bed and I'm getting some forum time!

[catherinemoses]

Danni Wow what a morning! I was excited that Flynn slept from midnight to 6.30! Well done on getting your washing out... I haven't even washed mine yet!

Better go and do some housework before the day is gone!

[kitty]

hi ladies, things have been sooo busy I haven't had time to jump on here for a while!

Will decided he didn't want to be wrapped anymore so he's graduated to a sleeping bag now.

danni that's a great idea about the blanket. I'm going to have to try that because Will does exactly the same thing. You're so lucky you get a whole night's sleep. oh and one poo a day? I'm jealous. I feel like i'm changing nappies constantly!

catherine i feel the same way - the day just disappears for me

shell DJ and Will are about the same age but Will is sleeping less between feeds!

speaking of, I can hear him grumbling. He's feeding two-hourly today - be back later!