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Forum LockedHow on earth do you afford it??

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ezza View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ezza Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 3:46pm
I work from home as well (as well as my office job), we have a record label - unforunately the money isnt much!!
Oh well, at least DF can earn an extra $200 a week from gigging.

I'm starting to be glad we missed out last month - have just found out we are going on tour in October - don't want to be doing that too pregnant!!!!

Edited by ezza
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RileyJ View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RileyJ Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 4:12pm
Originally posted by fleury fleury wrote:

Don't forget you may have annual leave on top of your paid maternity, and depending on how much you can carry over from the previous year, thats another 6 weeks.

I worked out with savings, we can probably manage 6 months off before having to find a second income source.

Can you work from home? I've trained as a massage therapist and plan to work from home to earn a few $$. Some of them tax free.

Oh yeah, never thought of annual leave! No I don't think it will be possible to work from home. To be honest, I quite like the idea of leaving this company for good anyway. I might be able to find something else though.
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T_Rex View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote T_Rex Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 4:21pm
Okay, so i've been looking on the IRD website about working for families, and for the calculator, it says "How much will your family earn before tax from 1 April 2007 to 31 March 2008?"
Now, say the baby was born in September, for example, I would have received full salary from April to September... so our total family income for the period would be to high. If I went back to work when the baby was 1 year old, again, I would work 6 months in the next tax year. So again our income would be too high... which implies if I want to have a baby and get WFF, I should have the baby in April so my year out coincides with the tax year. This seems crazy, and I must have gone wrong here! Can someone please tell me do they consider what you were earning prior to stopping work as part of your eligibility for WFF? I'm confused!
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mum2paris View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mum2paris Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 4:46pm
it depends alot. Ie, if your bub was born just before the end of a tax year, i would guess they would take your prior earnings into account, as i do know when mike finished up work to begin study and effectively his income became nothing, they calculated it at what he would have earnt from the start of that tax year up until when he stopped, and just took it on that added to my income. once the new tax year started, i rung up and they changed his to 0 after that point. so if you had baby after the tax year started, at any point, they can look at it and calculate your actual earnings till that point and just take it from that added with whatever hubby's are.
Janine and her 2 cool chicks, Paris & Ayja

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busymum View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote busymum Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 5:18pm
rhick, yes that is how it works, it's based on the full year's income. You estimate it in advance (if you want weekly/fortnightly payments) and then file an IR3 (tax return) at the end of the financial year and they make sure at that point that you got the right amount (with you or them paying more as necessary). So you have to be really onto it if you are stopping and starting work.

The accomodation supplement on the other hand is done on a week by week basis. So you will be eligible for that (if you will be, that is) as soon as you stop work.
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emz View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emz Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 7:01pm
Busymum - can you get the accommodation supplement paid at the end of the financial year with your other payment, or do you HAVE to take it weekly? That would be such a pain for us, as it would only be about $5 a week, but definitely over a year it would be worth getting a lump sum.
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busymum View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote busymum Quote  Post ReplyReply Direct Link To This Post Posted: 24 August 2007 at 7:19pm
HAS to be weekly, they won't back-pay; I agree it's a pain Get it paid into your savings!
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