Jump to content

CCR & CCB help


  • Please log in to reply
3 replies to this topic

#1 Duck-o-lah

Posted 07 February 2013 - 08:24 PM

Sigh, trying to figure this out once again. I had a really good grasp of how these are paid, noted it all down and then lost the lot ddoh.gif So before I resort to being on hold or waiting in line for hours, only to get the wrong information, maybe some CCR/CCB gurus can help me get my head around it original.gif

Ok, so for financial year 2011-12 I have received 3 quarterly CCR payments and am awaiting the final quarters payment (only just lodged tax return).

I have elected to receive CCB @ 0% and claim as a lump sum at the end of the year and I'm trying to work out how much this might be. I have used the estimator, and I can figure out apprx how much we are owed. However, I remember the 2010-11 fin year I was entitled to CCB, and by receiving the CCB my out of pocket expenses were considered lower and therefore I received less CCR?

So is CCB calculated before CCR? Or the other way around? Or am I completely off?

Also, do I need to submit a form or claim for lump sum payment of CCB?

I've managed to thoroughly confuse myself, a little clarity please?! biggrin.gif

#2 whatnamenow

Posted 07 February 2013 - 08:34 PM

full fees - CCB = eligible CCR component
50% of this amount ( up to $7500) = CCR
What is left is what you owe child care centre.

I dont know if it works the same in childcare centres but if you are really interested the calculations for CCB in FDC is 3.9 x 1.3333 / 100 x CCB percentage ( then / 100 x 85 for school aged children) will get you your CCB figure per hour.

Hope that helps...

#3 Another one

Posted 07 February 2013 - 08:50 PM

QUOTE (charlottesmum04 @ 07/02/2013, 09:34 PM) <{POST_SNAPBACK}>
full fees - CCB = eligible CCR component
50% of this amount ( up to $7500) = CCR
What is left is what you owe child care centre.


This is right.  

So by getting zero CCB all year but receiving CCR your out of pocket will have been calculated as higher than it actually was in the first three quarters if you ACTUALLY have an entitlement to CCB and claim it.

Here's an example (figures plucked from nowhere):
You pay $100.00 per week child care based on CCB rate of 0% ($5200).
At the end of each quarter you get $50 per week back as CCR (13 weeks would be $650 CCR paid to you).

So for the first three quarters you have received $1950 CCR.

So you lodge your tax return and because your CCB is current with Centrelink but set to zero by you (for assessment at end of financial year) and they work out you would have been entitled to $25.00 per week CCB.

So you get a lump sum of $1300 for your CCB entitlement for the whole year.

This makes your out of pocket expenses for the year $3900 ($5200 fees for the year less $1300 CCB you just got as a lump sum).

So your CCR entitlement is half of your out of pocket expense ($3900/2 = $1950).

So you get no CCR for Qtr 4 because you already received $1950 in the first three quarters.


In my example you come out even but it can work out that you end up getting more CCR in the first three quarters than you were entitled to for the year so they take that excess out of your CCB lump sum and pay you the difference.

How you claim the CCB depends on why you are not getting CCB through the year:
- Is your CCB cancelled (if so you would have to lodge a lump sum claim); or
- is your CCB current but you have elected to receive nothing in the year and be assessed at the end of the financial year - in this case you don't have to do anything, Centrelink will calculate your CCB entitlement as part of reconciliation.

Hope that helps, I know it is long.

#4 Duck-o-lah

Posted 07 February 2013 - 09:26 PM

That makes perfect sense, thankyou both very much original.gif

I have lodged a claim online for CCB, just to be on the safe side. A brief search of this forum revealed people are waiting for months for these claims to be paid!




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 
  • ek-winter-sewing-1thumb

    Winter stitch and knit craft for kids

    With the cooler weather upon us, here is a collection of easy winter inspired cut, sew, knit crafts that you can do with the kids. There are glove monsters, no-sew scarfs, and sock snowmen. Winter is a great time to get crafting.

  • ek-mentone-girls-thumb-purple

    All about girls

    Advice to help you navigate some of the most difficult parenting issues. Including how to talk to your child about body image, set screen time limits and help them build resilience

  • ek-sportbooks-athumb

    Best books for sporty kids

    Need some inspiration for your sporty kid 's downtime? Here is a handful of good reads for young sporting enthusiasts.

  • 320x214 GF survey

    Tell us what you think

    to WIN 1 of 2 $500 Coles/Myer gift cards

  • ek-pullapart-zthumb

    Amazing pull-apart bread recipes

    From savoury to sweet, here we have gathered a range of amazing pull-apart bread recipes for you to make - in the mean time try to avoid licking the screen!

  • Things only kids growing up in the 90s would understand

    Did you grow up in the 90s? Here are 50 classic memories from your childhood that will take you back.

  • harry320

    10 actors who were almost cast in the Harry Potter series

    Casting for the Harry Potter series couldn't have been an easy job. While we think everything turned out the way it should, here's ten actors that almost made it into the movies.

  • wonka320

    When they were famous

    Ever wonder what happened to the child stars that entertained us all those years ago? From Mary Poppins to Jerry Maguire, take a look at when they were famous and learn what they're doing now.

  • ek-fidgettoys-1athubm

    Fidgets or Fidget Toys for ASD, ADHD and Sensory Disorders

    Fidgets and other sensory hand held toys are a great way to encourage attention and concentration. We all love to rock on a chair and click our pens or chew gum to stay alert and attentive, so why not let children have functional and socially acceptable fidgets too, to help them learn and keep them focused on learning.

  • ek-80sboys-1thumb3

    Boys growing up in the 80s

    Flashback time! Here are a handful of totally retro memories for boys (and a few for girls) who grew up in the 1980's in Australia.

 
Advertisement
 
 
Advertisement
 
 
 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.