Budget 2020 - PPL Change announced:It was hidden but it was there - included in the Second Women's Economic Security Package was a change to the Work Test Period for Paid Parental Leave. This change will ONLY  apply to babies born (or adopted) between 22 March 2020 and 31 March 2021. Currently, you need to have worked for […] The post Budget 2020 PPL Change appeared first on Your Family Budget ..read more

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 […] The post Completing your Child Care Subsidy Assessment appeared first on Your Family Budget ..read more

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 […] The post An explanation of the Additional Childcare Subsidy. appeared first on Your Family Budget ..read more

What you need to know?If your baby was born after 1 July 2020 you will be eligible for 12 weeks of PPL and then 6 weeks of Flexible PPL.  Centrelink will contact you by 14 September 2020 (end of 12 weeks) to ask you the following:if you want to add your 6 weeks of flexible PPL […] The post Flexible PPL appeared first on Your Family Budget ..read more

A couple of positive changes coming to the Paid Parental Leave Scheme that will affect you if your child is born after 1 January 2020.Change to the gap allowed between two working daysWhen calculating if you meet the Work Test during the 13 months before your due date, you are currently allowed a gap between […] The post Baby born after 1 Jan 2020? Here are the PPL changes. appeared first on Your Family Budget ..read more

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 2020-21, paid parental leave was $753.90 a week and paid through your normal payroll by your employer or directly through Centrelink. Paid by your employerIf this is your […] The post Is Paid Parental Leave Taxable? appeared first on Your Family Budget ..read more

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 […] The post Don’t get caught out by these changes to your Super appeared first on Your Family Budget ..read more

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 […] The post Child Care Subsidy changes when starting school appeared first on Your Family Budget ..read more

**Updated 20 June 2020.  In November 2018, the minister for women, Kelly O’Dwyer released the government’s ‘Women’s Economic Security Statement’ which includes changes to Paid Parental Leave. There was 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 […] The post Changes to Paid Parental Leave from 1 July 2020 appeared first on Your Family Budget ..read more

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 […] The post How Much is Paid Parental Leave? Myth v Fact appeared first on Your Family Budget ..read more