Income while on parental leave..

Hi ladies, I am hoping that someone may be able to help me with working out what I would be entitled to while off work on parental leave (and therefore, if we can afford to have children sooner rather than later)...

There is paid parental leave - $310 pw after tax
Parental tax credit - because it's based on our previous year's earnings, it could be around $26 pw
Accommodation supplement - approx $50 pw

Is there anything else that I could be entitled to? Our biggest thing is that my income pays the mortgage ($850 a week) and the groceries ($150 a fortnight) and everything else comes out of DP's income...so we would possibly need to keep our income at around that level.

We would buy things in advance - ie. when we have money rather than all at once, but what else could we do?

After PPL is used, I will be going back to work full-time (thanks to MIL)...so that isn't so much a problem, it's just the 14 weeks first. Our mtge is over 30 years but we make extra payments to cut it down to 21 years...just the way the bank works out fortnightly payments though, not by choice. I may ask SBS about a mortgage holiday and see what they offer - I'm not 100% sure on how it works? Or even if they offer it!!

I worked out all our bills for the period  I was taking as leave subtracted my PPL entitlements of $640.28 a fortnight and saved the deficit  I then used my holiday pay as an emergency fund (which thankfully we havent needed) ... I also bought all the baby gear while I was working which helped loads.

 

try going here, have a wee look through and use the calculator to figure out how much you would be entitled to.

The in-work payment is part of the family assistance scheme, in that if one of you is working at least more than 30hrs per week then it goes on top of what you are eligible for in terms of family assistance.

Yup, you can get PTC OR PPL, not both. But I think you are probably thinking of FA of $26 a week based on your income. It's based on your ANNUAL income tho, so if you are only taking 14 weeks PPL they would take the rest of the years income into account as well.

The In Work payment is another payment you get if one partner is in full time employment, it's a fixed amount, it used to $15 a week back when I just had one kid but no idea how much it is for one kid these days.

NOt PTC, PTC is only for the 12 weeks after the birth of a new baby, and only if you don't get PPL.

But you can get your normal Family Assistance payments, and they increase to take into account the new baby from the day he/she is born regardless of whether you take PPL or PTC.

Yup, they are all so similar. I *think* one of the components of Family Assistance is called Family Tax Credit, but that might be what they replaced with In work Payment. Or was that the Child Tax Credit? I've lost track.

def make sure you ask about the mortgage holi then...makes a HUGE difference...and altho it puts interest onto it at the end to us it was worth it so we could afford me to be off for the six months....weve come back from being off no worries...you will too...

we dont fit into any other supplements....damn it all this hard work and no freebies back for it....

Woah I'm confused.

Okay, I havn't been employed by the same people for a year. It'll be around 6months,and it's not full time work. I just got a full time day job. Am i entitled to maternity leave? Ill have been there around 7months before bubs.

What is the accommodation supplement?