Are you better receiving the Australian Baby Bonus or do you get a better financial result with the Paid Parental Scheme. It can be complicated, see below for details.
How is the Baby Bonus paid?
The baby bonus will be cut from $5400 to $5000 from September 2012, and frozen at that level for a further three years, until then the
Baby Bonus is paid per eligible child in 13 fortnightly instalments. From 1 July 2011, customers eligible to receive Baby Bonus will get a higher first instalment of $879.77 and 12 fortnightly instalments of approximately $379.77. The higher first instalment of Baby Bonus will assist with the upfront costs of having a new child.
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Hey
Im due next week on the 4th of July with my first bub and hope to chat with some of you and see how you are all feeling and going with your pregnancies.
I live on the Central Coast NSW.
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Hope everything goes perfect for you.

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