Eligibilty for Child Tax Benefit and Stimulus Payments
Mar 5th 2009, 5:54 am
#1
BE Forum Addict
Thread Starter
Joined: Feb 2007
Location: Tasmania!
Posts: 2,414
Eligibilty for Child Tax Benefit and Stimulus Payments
Hi
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
Mar 5th 2009, 6:07 am
#2
An Australian Citizen !!
Joined: Aug 2004
Location: Terrigal - NSW Central Coast since June 2005
Posts: 1,237
Re: Eligibilty for Child Tax Benefit and Stimulus Payments
Hi
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
Good luck with responses to this one
I think you really do need to check out the relevant releases from the Treasury and ATO departments - I do not have their website links to hand.
Jim
Mar 5th 2009, 6:13 am
#3
An Australian Citizen !!
Joined: Aug 2004
Location: Terrigal - NSW Central Coast since June 2005
Posts: 1,237
Re: Eligibilty for Child Tax Benefit and Stimulus Payments
Hi
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
I'm sure someone on here has an answer to this as you're all such bright sparks
We currently get FTB Part A and B but not very much, as we added the interest from our savings into the overall income when we first applied. We had about 5 months of interest until we bought our house so there's nothing much left now so overall our annual estimate may be a little over but we've left the amounts as they were, in case we end up being over paid.
So we qualify for the Single Income Payment and the Back to School Payments as it stands. But I have some interviews in the next couple of weeks and therefore may start earning again soon. This will probably mean we won't get FTB B anymore, but will they ask for the bonus payment back even if on the 3rd Feb we were eligible for it?
What I'm trying to ask, is do they take in account individual changes throughout the year, ie not working in July but started working in April or is is just taken as a whole average over the year? If it is the latter, we had need to make sure we don't touch the $900!
Not sure if that makes any sense?
Sam
Looking again at your original post - it would appear you didn't arrive in Australia un til 3 days before the end of the 2007/8 Aus tax year and would, presumably, have paid no tax for that year. No tax paid = no tax bonus but you may have a case under the FTB rulings.
Please - check it out with the official sites.
Jim
Mar 5th 2009, 6:37 am
#4
Guest
Posts: n/a
Re: Eligibilty for Child Tax Benefit and Stimulus Payments
If you were eligible as at Feb 3rd 2009, then it is yours.
It cannot be reclaimed, except for fraudulent claims.
Note:
The Centrelink payments are currently scheduled to be made during 11th to 20th March for people who receive FTB fortnightly, or after they have lodged the FTB and Tax Return forms after June 30 2009, if they receive their FTB payment annually.
http://www.britzinoz.com/950dollars.htm
It cannot be reclaimed, except for fraudulent claims.
Note:
The Centrelink payments are currently scheduled to be made during 11th to 20th March for people who receive FTB fortnightly, or after they have lodged the FTB and Tax Return forms after June 30 2009, if they receive their FTB payment annually.
http://www.britzinoz.com/950dollars.htm
Mar 5th 2009, 8:16 am
#5
BE Forum Addict
Thread Starter
Joined: Feb 2007
Location: Tasmania!
Posts: 2,414
Re: Eligibilty for Child Tax Benefit and Stimulus Payments
Hi
Looking again at your original post - it would appear you didn't arrive in Australia un til 3 days before the end of the 2007/8 Aus tax year and would, presumably, have paid no tax for that year. No tax paid = no tax bonus but you may have a case under the FTB rulings.
Please - check it out with the official sites.
Jim
Looking again at your original post - it would appear you didn't arrive in Australia un til 3 days before the end of the 2007/8 Aus tax year and would, presumably, have paid no tax for that year. No tax paid = no tax bonus but you may have a case under the FTB rulings.
Please - check it out with the official sites.
Jim
Sam
Mar 5th 2009, 8:21 am
#6
BE Forum Addict
Thread Starter
Joined: Feb 2007
Location: Tasmania!
Posts: 2,414
Re: Eligibilty for Child Tax Benefit and Stimulus Payments
If you were eligible as at Feb 3rd 2009, then it is yours.
It cannot be reclaimed, except for fraudulent claims.
Note:
The Centrelink payments are currently scheduled to be made during 11th to 20th March for people who receive FTB fortnightly, or after they have lodged the FTB and Tax Return forms after June 30 2009, if they receive their FTB payment annually.
http://www.britzinoz.com/950dollars.htm
It cannot be reclaimed, except for fraudulent claims.
Note:
The Centrelink payments are currently scheduled to be made during 11th to 20th March for people who receive FTB fortnightly, or after they have lodged the FTB and Tax Return forms after June 30 2009, if they receive their FTB payment annually.
http://www.britzinoz.com/950dollars.htm
Ta
Sam
