Don’t get caught out by these changes to your Super

Do you ever study the letters that you get from your Superannuation fund at the end of the financial year? Or from all the many Super funds that you may have money invested with? You might just look at the total balance as it’s in big bold numbers! While it’s good to see contributions increasing your balance, there are two main items that actually reduce the balances of your fund each year – fees and insurances.

Yes, insurances. It is most likely that when you opened an account with a Super fund you were automatically given all, or a combination of, life insurance, total and permanent disability (TPD) insurance and income protection insurance as part of your Super. These were most likely set up automatically for you whether you asked for them or not. It’s currently an op-out system. You may not have noticed them as they are not paid from your pocket, rather from the balance that is held in your Super fund. So it’s a a bit out of sight out of mind 🙂

For some of you, they are a nice security to have in case the worst should happen. For others they are just a drain on your overall balance. Especially if you are paying for insurances in more than one Super fund. That means you could be paying for the exact same thing twice without realising.

From 1 July 2019, new laws begin that require that these insurances be cancelled for you if your Super account is considered to have been ‘inactive’ for at least 16 continuous months. Inactive means that no contributions have been put into your fund by yourself or your employer during this time.

Who is affected the most?

I thought about who of you would most likely be put into this category and the most obvious to me are those of you who are taking extended time off work to care for children and no employer is making contributions for you. 

Also those of you who are self-employed and not making regular contributions yourself into your Super fund. Does this sound like you?

Your Super fund should actually have contacted you to tell you that you are impacted by these changes, but very few people seem to be aware that this is happening.

What do you need to do?

1.If you want your insurance policies to remain and you want your Super fund to continue to make payments towards this, you will need to contact your fund them and tell them this. Especially if they have not contacted you.

2. If you are happy for your insurance policies to end, you can choose to do nothing with your inactive Super accounts. Your insurances will just be automatically cancelled if they have reach 16 months of inactivity after 1 July 2019.

If you don’t know what fund you have Super balances with, log into your myGov account. Select

  • ATO 
  • Super
  • Fund Details

You will then see a list of all your open funds. When you click the arrow beside each fund it will tell you if you have made a recent contribution and if your have insurance for that fund. It will also give you a link to the contact details of each fund so that you let them know if you want your inactive accounts to continue to pay for insurance. 

This will also tell you how much you have in total in Super – nice to know even though you may not use it for a long time!

This isn’t financial advice!

I am not writing this to give your any advice as to whether or not your should keep your insurances attached to your Super. It is just meant to make sure that you are aware that this may impact you and allow you to do something about it by 1 July 2019 if insurance within Super is important to you.

For any specific information it is best to speak to your Super fund or any finance professional that you ordinarily use. For more information, a good website to review is timetocheck.com.au

child care subsidy starting school

Child Care Subsidy changes when starting school

The new school year is already a few weeks old already so I thought it would be a good idea to go through some of the changes to your Child Care Subsidy that occur when transitioning from child care to full time school.

You can continue to receive the Child Care Subsidy for each child up until they are 13 years old and not attending secondary school. If you have started using a before and after school care programs or holiday program that is appropriately approved with Centrelink you can continue to receive the Child Care Subsidy toward those fees – which is great!

Changes to your Hourly Rate Cap

The amount of Child Care Subsidy that you receive per child, per hour is dependent on your income, how many Activity hours you perform per fortnight and the type of service that you use. Different types of services have different hourly rate caps. If you want more details on the calculation of your Child Care Subsidy then refer here.

The cap is the maximum amount per hour that you could receive Child Care Subsidy for. If you pay more to your centre per hour than the hourly rate cap then you will be out of pocket for 100% of this gap.

Centre Based Care has an hourly rate cap of $11.98 (for 2019-20), Family Day Care is $11.10 and Outside School Hours Care (OSHC) is $10.48. OSHC includes before, after and vacation care.

Your Subsidy Rate percentage should stay the same as this is based on your income. But the dollar amount that you receive as a subsidy per hour will decrease as it is calculated as a percentage on the hourly rate cap which has now become lower.

Tell Centrelink that your child has started school

As mentioned above, the hourly rate cap is reduced when your child starts school. However you still need to tell Centrelink that your child has started school as they won’t automatically know this.

You can do this in mygov. Click on the Menu button in the top left corner. Go to Child Care Subsidy – View/Update Child Education Details. Click the little pencil button and change the status from ‘has not commenced studies’ to ‘Primary Education.’ Then add the date that they started school.

In the Centrelink App you do this by clicking on the Child Care Subsidy Button and click on your child’s name. Update the Schooling Details information down the bottom of the list.

What you should also know is that if your child turns 6 while attending Centre Based Care – they will automatically be moved to the OSHC rate even if they haven’t yet started school.

Confirm any new enrolments

When you enrol in a new program or centre, the centre will lodge those details with Centrelink. You will then be required to confirm your enrolment and ensure that the information that has been lodged for you is correct.

You can do this through mygov and also through the Centrelink App. It’s actually very simple as the enrolment should already be listed and you just need to check it, click confirm and it’s done.

In mygov it’s through the Menu button Child Care Subsidy/ Enrolments. Check if any of the Enrolments say Unconfirmed, View the details and confirm if correct.

In the Centrelink App it is confirmed through the Child Care Subsidy Button. Look for the Enrolments listed under each child’s name. If any say Unconfirmed, click on those, check the details and use the Tick at the bottom to confirm the information.

Review your income

And finally, since you are making changes to your arrangements, it’s always a good idea to review the family income estimates you have recorded with Centrelink for both you and your partner.

Making changes now could stop any over or underpayments being made once the financial year has ended and you tax return lodged.

Changes to Paid Parental Leave

Changes to Paid Parental Leave from 1 July 2020

The minister for women, Kelly O’Dwyer has released the government’s ‘Women’s Economic Security Statement’ which includes changes to Paid Parental Leave.  There are a large number of other initiatives that are designed to improve women’s financial security by focusing on workforce participation, earning potential and economic independence.

The start date for these initiatives will be 1 July 2020.

There is a significant focus in the Statement on helping victims of domestic violence achieve economic independence through early access to superannuation and increased funding for no interest loans.

The changes to Paid Parental Leave Scheme are designed to improve the flexibility of the current system, especially for those who are self employed and small business owners.

I regularly discuss with small business owners the problem of keeping their business going while meeting the requirements of the PPL Scheme of not working for 18 weeks. Few small business have that option available to them.

The proposed changes include:

Splitting your Paid Parental Leave into separate blocks.

Currently you must take the entire 18 weeks of payments in one continuous block. If you need to return to work before your 18 weeks are finished then you lose any remaining PPL. Currently about 2,300 people return to work each year before they have received the full 18 weeks of their payment entitlement and they miss out.

The new initiative will mandate the first 12 weeks to be taken within the first year of the child’s life, but the second block of six weeks can be taken within the first two years.

Changes to the Work Test

The current Work Test requires that you work for 330 hours in 10 months out of the 13 months before your due date. This must be done without a gap of more than 8 weeks between two work days.

The new initiative will allow for greater flexibility in the Work Test with gaps of up to 12 months allowed. There will also be the ability to move your Work Test dates forward should you have to stop work earlier in your pregnancy than expected.

 

The no interest loan scheme is already available and further information can be found here: https://goodshepherdmicrofinance.org.au/services/no-interest-loan-scheme-nils/

I will keep updating this page each time more information is announced on the changes to Paid Parental Leave.

I have created a free checklist that you can download to help you gather the information you will require when you sit down and prepare your application. Enter your details below and the PPL Checklist will be emailed to you.

As always, feel free to ask any questions.

Lisa

 

Download Making Sense of Paid Parental Leave  for $17. 

  • Get your application completed  all online.
  • Review the different tests and apply them to your situation.
  • Understand how it affects your tax.
  • Learn about  Dad & Partner Pay .
  • Stop wanting to pull your hair out trying to get it done!
How much is Paid Parental Leave?

How Much is Paid Parental Leave? Myth v Fact

So how much is Paid Parental Leave? Just like one big game of broken telephone, the information that gets passed around about Paid Parental Leave (PPL) changes depending on who you speak to. Since there is so much to know it is understandable. I’ve made a list of some of the more common things that I have heard or read, especially in Facebook groups, about your right to receive PPL and will try to set the record straight.

1. You have to have worked for one employer during your entire pregnancy.
You need to meet the Work Test to receive PPL. The test does not measure how many jobs you have had, but how many hours of work you have performed. You need to have worked for 330 hours in a 10 month period over the 13 months before you due date. You can achieve this in one job or many jobs. This includes contract work and also working two or more jobs at once. Keep a record of the number of hours of work you perform during this time to ensure you meet the Work Test.

2. You have to be working for a year before you go on parental leave.
I believe that this false comment comes up because of a different rule, from a different law, that has nothing to do with PPL. That is, if you have worked for 12 months continuously for an employer, they are required to give you 52 weeks of unpaid maternity leave. This is completely different to the requirements under the Paid Parental Leave Act 2010 which contains the laws about the payment of PPL. Note that one law discusses the rules about you being able to take the parental leave and the other the rules about the payment of money for PPL. It is possible to qualify for one and not the other. If you meet the Work Test, even if it is for more than one employer you will still be paid PPL, but your employer may not be required by law to give you leave. Given that you can’t work while receiving PPL this may be problematic for some.

3. You don’t get PPL if you are Self Employed
You certainly are entitled to receive it; it just takes a little extra planning. You will need to specify in your application to be paid directly by Centrelink rather than an employer. Also you will need to work out the best way for you to show Centrelink that you have worked the 330 hours in the Work Test. This varies for everyone but you could keep a diary or perhaps show the invoices that you have issued during the period before your due date.

4. You apply after you have given birth
Not necessarily. You can submit your application up to 90 days before your due date. Personally I think that this is the best time to do this as once you have given birth, the last thing you want to be doing is paperwork! You will receive a proof of birth document from your hospital that can be uploaded to Centrelink online or on their App which is then matched to your application to begin your payment of PPL.

5. Everyone can get it.
That would be nice wouldn’t it? As I mentioned, you need to meet the Work Test in order to receive PPL. You also need to be a permanent resident, earn less than $150,000 in the financial year that ended before your application and not be working at all whilst receiving your PPL.

6. You have to go into Centrelink to Apply.
If you can avoid doing this then do it! Your application can be done online through the governments’ website my.gov.au. If you have never dealt with Centrelink before you will need to go in to allow for them to view your original documents for proof of identity. Otherwise, apply online as much as you can, I can’t stress this highly enough!!

7. Paid Parental Leave includes Superannuation
The law does not require your employer to continue to pay into your Super fund while you are receiving PPL. However, I have noticed a very small number of companies starting to do this. Given the large variation is Superannuation balances between men and women the older they get then I wonder if this could be something that future governments consider changing.

I’m sure there are many more myths surrounding Paid Parental Leave so I hope this covers the main ones. How much is Paid Parental Leave? From 1 July 2018, Paid Parental Leave is $719.35 a week for 18 weeks.

If you would like help with filling out your application, enter your details below for my free checklist. It tells you every piece of data that you need to enter into your application.

Download Making Sense of Paid Parental Leave  for $17. 

  • Get your application completed  all online.
  • Review the different tests and apply them to your situation.
  • Understand how it affects your tax.
  • Learn about  Dad & Partner Pay details.
  • Stops wanting to pull your hair out!
Is paid parental leave taxable?

Is Paid Parental Leave Taxable?

Is Paid Parental Leave Taxable? YES, paid parental leave is taxable income. How much is taken out really depends on the circumstances of your leave arrangement and who is making your payments. In 2018-19, paid parental leave was $719.35 a week and paid through your normal payroll by your employer or directly through Centrelink. (2019-20 it will be $740.60 per week.)

Paid by your employer

If this is your only income during the 18 weeks from your employer then you should get $634 a week after tax. However everyone’s situation is different and you may be receiving other leave payments at the same time such as annual leave or employer paid maternity leave. Your employer will take the amount of tax that is relevant to your situation so it may be different to someone else you know getting paid parental leave at the same time as you.

Also as it is paid through your employers normal payroll cycle, if you are only paid once a month then you will only receive your paid parental leave payment at this time. You should receive a pay slip with your payment from your employer similar to what you would have received if paid your normal salary.

I was fortunate to also receive paid maternity leave from my employer for 13 weeks.  Therefore during my normal pay cycle each fortnight I was receiving my Paid Parental Leave plus my maternity leave pay from my employer. This meant that more tax was taken out of my fortnightly pay than if I was just receiving my PPL. For my second child I chose to have my 13 weeks of maternity leave pay spread out over 26 weeks at half pay. Therefore the amount taken out of my pay in tax would have been different again.

Paid by Centrelink

If you receive your Paid Parental Leave directly from Centrelink then your rate of tax is different again. This might occur if you are self employed or have not worked for your employer for longer than a year or even if you don’t intend to return to that employer. In this case the rate of tax that Centrelink will take out of your payment is 15%. This reduces your payment down to $611.45.

Income Tax Return

What all of this also means is that your Paid Parental Leave taxable income needs to go onto your Income Tax Return. Your employer will still need to give you your annual PAYG Payment Summary which will include your Paid Parental Leave. This is included in your Gross Payment amount and the Total Tax Withheld amount. It doesn’t need to be separately disclosed.

If you have received your payment from Centrelink, they will send you a PAYG Payment Summary directly which will include the Paid Parental Leave details for you to include in your tax return or it may already be included in your myGov tax return. 

Where should you start? Here with your free checklist:

I have created a free checklist for you to download. It will help you to gather the exact information you will need when you sit down and prepare your application. Enter your details below and the PPL Checklist will be emailed to you.

Completing your Child Care Subsidy Assessment

We now know that we wont automatically transfer across from the Child Care Benefit to the new Child Care Subsidy. For this to happen, you must complete a Child Care Subsidy Assessment before 2 July 2018 to continue to received Child Care funding. This post has the instructions to help you do this quickly. Honestly I got it done in about 7 minutes however my husband and I have regular hours so there wasn’t anything we needed to calculate.

I updated my information in the Centrelink App, but if you log into your my.Gov.au account you will also be presented with a list of Tasks to complete.

1. I have two tasks to complete and I press the Task button and swipe to the Child Care Subsidy assessment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. There are four tasks that need to be completed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. The first task asks for your estimated income in the 2018-19 financial year. Complete this in the exactly the same way you have done each year that you have accessed the Childcare Benefit. Add together any salary, fringe benefits tax, child support etc.  You could estimate this amount, but I would give this some serious consideration if you think that your family could be near the amount of $186,958. Family income over this amount is subject to a cap each year. For the 2018/19 year it has been indexed up to $10,190.

4. You then need to put in an estimate of the number of hours a fortnight that you and your partner meet the Activity Test, for a full list of Activities you can include refer to this post, but the main items you count hours for are:

  • Paid Work – including maternity or paternity leave, long service leave and annual leave
  • Study
  • Training
  • Unpaid internship or work experience
  • Volunteering
  • Setting up a business
  • Unpaid work in a family business
  • Looking for work
  • Caring for a child or adult with a disability

If you are in casual work – and therefore the number of hours you perform a work activity is different each fortnight, you will be asked to estimate the highest number of hours you expect to work in any fortnight over a three month period. This is the part that may take the most time to calculate.

I used the current date as a start date.

You can add a new Activity Test for each different activity you perform each fortnight. Just use the plus sign at the bottom.

 

5. Review the school details of each child that you have currently enrolled for Childcare Benefit. If your child is not yet at school then select none. Otherwise select Primary Education is they are enrolled at school.

6. Confirm all your information and you will receive a Claim ID.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What else?

If you want the easy explanation about all the new changes, I have prepared The Child Care Subsidy Solution. A simple, straight forward FREE ebook that shows you how the new Subsidy works and what you could do to increase your Subsidy. Download your copy by entering your details below.

What is the Child Care Subsidy Activity Test?

The number of hours of Child Care Subsidy that your family receives is dependent on the number of Activity hours that you undertake each fortnight. This is called the Activity Test. You will be asked to estimate your fortnightly Activity Test hours in your Child Care Subsidy Assessment. Details of that can be found here.

If your family earns above $68,163 per year, the hours of Subsidy per child that you receive are:

8+ > 16 hours a fortnight of Activity = 36 hours a fortnight of Subsidy

16+ > 48 hours a fortnight of Activity = 72 hours a fortnight of Subsidy

48+ hours a fortnight of Activity = 100 hours a fortnight of Subsidy

The number of hours a fortnight are measured against the parent with the lowest number of hours performed each fortnight.

ok, so, what meets the Activity Test?

It’s a long list but there are a few things worth knowing

    • paid work
    • paid leave (annual, sick, long service etc)
    • self employed work
    • unpaid work in the family business
    • training to improve your work skills
    • approved study
    • volunteering
    • looking for work will meet 8 hours a week of the Activity Test which can be combined with other Activities
    • travel time between the child care service and parents place of activity – but try to be reasonable
    • they can all be added together
    • they dont have to be performed during the hours that the child care service is being provided
    • you dont have to provide proof of the number of hours when estimating
    • but there might be spot checks – so be reasonable
    • casual workers will need to estimate their Activity Test over a three month period – include the fortnight with the highest number of hours in your estimate
    • If you receive a Carer Payment you will automatically undertake 100 hours a fortnight towards the Activity Test.
    • If you receive a Carer Allowance you will automatically undertake 72 hours a fortnight towards the Activity Test. However if you have a partner and they have less hours of activity than you, their hours will be used to determine your Subsidy
    • Grandparents who are primary carers for their grandchildren don’t need to undertake any hours to receive the Subsidy
    • Teachers can apply the same number of hours during the school holidays as they would during term time for the Activity Test
    • Paid and Unpaid Parental Leave is included as an activity. The number of hours used for the Activity Test is the number of hours a fortnight that you were working before going on leave. There is no longer a 12 month maximum of parental leave in order to receive child care payments. However there should be an expectation that you will be returning to your job as part of your employment.

What else?

If you would like more information on the new Child Care Subsidy, I have prepared The Child Care Subsidy Solution. A simple, straight forward FREE ebook that explains exactly what the new Subsidy is all about. You can download a copy by entering your details below.

An explanation of the Additional Childcare Subsidy.

The new Childcare Subsidy has completely changed how families receive their Childcare Payments by merging two payments into one and moving the focus of the Subsidy towards assisting both parents to return to work. As I often say with this – the more you work, the more Subsidy you get!

The government has also introduced a further top up to the Childcare Subsidy called the Childcare Safety Net and one of the parts of this is the Additional Childcare Subsidy. This is focused on assisting families in need and to allow for the most vulnerable children to continue to access Childcare where they may not be able to afford it. These new payments replace the current subsidies of Special Child Care Benefit, Grandparent Child Care Benefit and the Jobs, Education and Training Child Care Fee Assistance payment.

The four additional payments that families can apply to access are:

 

  1. Child Well being

Families could receive an additional child care subsidy for the full amount of their daily fee for up to 100 hours a fortnight to assist children that have been identified to be at serious threat of abuse or neglect. This additional funding can be applied for by both the child’s guardian or the childcare service itself.

 

  1. Grandparents

Grandparents that are principal carers for more than 65% of the time and already receive some form of income support could receive a subsidy for the full amount of their daily fee for up to 100 hours a fortnight.

 

  1. Temporary Financial Hardship

Families that are suffering significant financial hardship due to an exceptional situation could receive an additional child care subsidy for the full amount of the daily fee for up to 100 hours a fortnight. This would be available to them for a maximum of 13 weeks.

 

  1. Transition to Work

This subsidy is available for a family currently receiving one of Parenting Payment, Newstart Allowance, Disability Support Pension or Youth Allowance income support and they have created a Job Plan as part of their Employment Pathway Plan.

They may be entitled to 95% of their daily fee for the number of hours in a fortnight that they meet the Activity Test for the Childcare Subsidy. This will continue for 12 weeks after starting work and their income support has ceased.

You can only access one of these payments at a time.

5. Free Ebook

If you would like more information on the new Child Care Subsidy, I have prepared The Child Care Subsidy Solution. A simple, straight forward FREE ebook that explains exactly what the new Subsidy is all about. You can download a copy by entering your details below.

Paid Parental Leave when you are self employed

Paid Parental Leave when you are Self Employed

I’m in A LOT of Facebook groups targeted to mums and also mums in business. Lately I’ve noticed an increase in questions relating to receiving your 18 weeks of Paid Parental Leave when you are self employed. Yes, you are definitely entitled to receive Paid Parental Leave if you are self employed.

The tests that you have to pass are exactly the same as if you were an employee but most of the information you read online seems to focus on employees. So here are answers to the most common questions.

1.How do you prove that you have met the Work Test?

The Work Test states that you must complete paid work for 330 hours over 10 months within the 13 month period before your due date/date of birth. This does not mean that your business has to make a profit or any money at all. You just need to have been working towards making a financial gain during this time. Volunteer work does not meet the Work Test.

So how do you show how much you have worked in the unlikely event that Centrelink ask you to prove your hours of work?

• Keep a detailed diary of hours worked. Write it down or use a spreadsheet and actually record each day of work and how many hours you spent working.
• If you bill by the hour, use your invoices to show the services provided
• If your clients book in a time to see you, show your schedule of bookings.
• Use your Tax Return or Financial Statements if your can you relate the amount or sales your business has to the number of hours that it takes to make a sale

2. What can you do in your business while receiving Paid Parental Leave?

You cannot perform paid work while you are receiving Paid Parental Leave. When you are self employed, the definition of paid work is where your purpose is to carry out work to make a profit. The only paid work that is allowed, and you can still get paid during this time, is to perform tasks where you are only overseeing the business, performing administrative tasks or other ad hoc activities to keep your business going.

These can include paying an account, checking the delivery of an order, arranging a repair or dealing with a dispute. Notice these examples are administrative as they don’t create a sale or income, which is how you should think about an activity that you want to perform in your business during this time. There is nothing to stop you employing someone else or even getting your mum to perform the tasks that will earn an income for your business.

3. What about ‘keeping in touch days?’

These don’t apply if you are on Paid Parental Leave when you are self employed. The legislation specifically refers to a keeping in touch day’ for people other than self employed. Also, these 10 days are not designed for employees to be performing their usual paid jobs but to keep up to date with training and meetings to help prepare them for a return to work.

4. Where to start?

I have created a free checklist that you can download to help you gather the information you will require when you sit down and prepare your application. Enter your details below and the PPL Checklist will be emailed to you.

As always, feel free to ask any questions.

Lisa

Download Making Sense of Paid Parental Leave  for $17. 

  • Get your application completed  all online.
  • Review the different tests and apply them to your situation.
  • Understand how it affects your tax.
  • Learn about  Dad & Partner Pay details.
  • Stops wanting to pull your hair out!
child care rebate

That sneaky thing about your Childcare Rebate

(This post is now out of date, the Child Care Rebate ended on 1 July 2018 and was replaced by the Child Care Subsidy. Information on the CCS can be found here.)

Hi

It’s half way through April now and you’re wondering why has my child care rebate stopped? Aha. Hands up who has maxed out their $7,500 Childcare rebate? But you’re doing the happy dance now that the new laws have gotten rid of the $7,500 Cap? Yes?

Don’t.

That doesn’t start until 1 July 2018 which means that you have an ENTIRE financial year to go until we move onto the new Childcare Subsidy from the system we have now.

So it’s full fees for some of us now until 30 June. Did you know that if you also receive the Childcare Benefit, Centrelink actually withholds the final 15% of your $7,500 until you submit your tax return after 30 June? That means that you stop receiving the Childcare Rebate each financial year when you reach a cap of $6,375 and the remaining $1,125 may or may not be refunded with your tax return.

Why do they do this?

Well it does make sense from Centrelinks’ point of view. The amount you receive for Childcare Benefit is based on an estimate you make at the start of the year of how much you think you will earn. If you underestimate, Centrelink will overpay you during the year and they will want their money back. They get their money back from the $1,125 that they hold back. The only way they know if you have been overpaid is when you do your tax return. Then your estimate becomes the actual and they know for sure if you have been overpaid – or hopefully underpaid.

I have a task for you this week.  Get the statements you receive from your childcare centre. At the very bottom of your statement it will tell you how much of Childcare Rebate you have received this year. Make sure it’s what you expect it to be and that it matches the balance from Centrelink. The reason I want you to do this is because of something that happened to me last month.

I don’t receive the Childcare Benefit. When I applied all the way back in 2011, I ticked the box that said I wanted a percentage of 0%. There was never EVER going to be a chance of any over payment by doing that. I’m an accountant – it’s my job to be conservative!

So when I stopped receiving my Childcare Rebate last month I checked my statement from childcare and it said that I had received $6,375. This didn’t seem right to me as I know the last 15% shouldn’t be withheld from me as I don’t receive the Childcare Benefit.

Then I checked the Centrelink App which showed that in the previous week I had been allocated to receive Childcare Rebate, however on the statement from my childcare centre, it had not been applied. There was a mismatch and it was costing me money!

The issue turned out to be in the software that the childcare centre uses and it was all fixed and I received a credit. The reason that I want you to do this double check is that according to Centrelink I had received the money, but it was not being passed on to me by the centre. As a result, when all the year end balances will be done with my tax return it will not be refunded to me and I would have been out of pocket forever.

Image-1It’s tips similar to this one that are included all throughout my instruction manual Your Family Budget. I don’t just tell you what to do and what it all means, but more than that, I actually give you information that makes it relevant for your situation, whether you are applying for Paid Parental leave or Childcare Payments. Save yourself the stress and the wasted hours of time and download Your Family Budget today.

Lisa