My wife and I are in the process of separating, and she has mentioned increasing her care % that we put on the family tax benefit forms, so her benefits will increase.
I earn substantially more than her, so I won't be entitled to benefits. Using the calculators I can see even with a slight increase in care % on her side, the payments to her go up quite a bit. eg: 2 kids @ 8 days per fortnight her payments would be $407 per fortnight. Increase that to 10 days its $621 per fortnight.
Child support will be a private agreement between us (Ill be paying daycare, school, health etc), so they won't know exactly how much I am paying, or force me to pay the equivalent of the kids being with her for 10 days per fortnight.
I'm a bit of a straight shooter, and would prefer to declare the correct care %, however I am very curious as to what other implications there could be if the care % was falsely declared ? (Apart from getting found out obviously) It has no benefit to me, so I am reluctant to do it.
I earn substantially more than her, so I won't be entitled to benefits. Using the calculators I can see even with a slight increase in care % on her side, the payments to her go up quite a bit. eg: 2 kids @ 8 days per fortnight her payments would be $407 per fortnight. Increase that to 10 days its $621 per fortnight.
Child support will be a private agreement between us (Ill be paying daycare, school, health etc), so they won't know exactly how much I am paying, or force me to pay the equivalent of the kids being with her for 10 days per fortnight.
I'm a bit of a straight shooter, and would prefer to declare the correct care %, however I am very curious as to what other implications there could be if the care % was falsely declared ? (Apart from getting found out obviously) It has no benefit to me, so I am reluctant to do it.