From 1st January 2011, the Federal Government introduced the Paid Parental Leave scheme to replace the old Baby Bonus system.
Given the Baby Bonus was tax-free and available to everyone, I wondered whether we were any better off with a taxed system of parental leave which was means tested. Particularly those receiving either Part A or Part B Family Tax Benefits or both- were we really getting more?
After a bit of searching I came across this calculator on the Centrelink website which will actually tell you how much better of you will be under the new scheme compared with the old one.
PPL Working Parents Estimator
It only takes a couple of minutes to complete and will prevent you from having to crunch your own numbers.
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