This ALP Child Care Subsidy Calculator (CCS Calculator) is developed for parents who want to estimate the potential CCS under the proposed Labor's Plan for Cheaper Child Care.
Based on Labor's Plan for Cheaper Child Care, Labor will:
As a parent you may want to know how much your family will benefit with Labor's plan. However Labor does not provide more details on their CCS plan. The table below is taken from the proposed Labor's Plan for Cheaper Child Care.
Bases on numbers in the table above I worked out that under Labor's plan the CCS tapers down 1% for each $5,000 of family income instead of the current $3,000. The table below is derived based on the information from the proposed Labor's Plan for Cheaper Child Care.
Combined Family Adjusted Taxable Income (ATI) | Standard CCS | Higher CCS |
---|---|---|
Up to $75,000 | 90% | 95% |
Above $75,000 to below $530,000 | Subsidy decreases by 1% for each $5,000 of family income |
Standard CCS % + 30% (Capped at 95%) For example, if the Standard CCS % is 60% the Higher CCS % will be 90% |
$530,000 or more | 0% (No CCS) | 0% (No CCS) |
This ALP Child Care Subsidy Calculator allows you to estimate your potential child care subsidy benefit under the proposed Labor's Plan for Cheaper Child Care in 3 simple steps:
In case you wonder how the CCS is calculated please read through the CCS calculation steps listed below. Please note: This is only accurate for the standard CCS rate child. For your higher CCS rate child you need to use the higher CCS rate in Step 4. In addition if your child is attending more than one type of care this will be accurate only if you estimate one type of care at a time.
In your case your activity test result is 100 hours. This means you are eligible for up to 100 hours of subsidy per fortnight (50 hours per week).
In your case you pay $140 for a 10 hours session so the hourly fee is $140 ÷ 10 = $14.
In your case the hourly subsidy rate cap is $12.31 which is lower than the hourly fee $14. This mean the CCS will be calculated based on $12.31 instead of $14.
In your case since your CCS percentage is 50% the hourly CCS amount will be $12.31 × 50% = $6.15.
In your case you can get 50 hours of subsidy per week so your weekly CCS entitlement is $6.15 × 50 = $307.75.
In your case the withholding percentage is 5% so the weekly withholding amount is $307.75 × 5% = $15.39.
In your case the CCS paid to service provider is $307.75 − $15.39 = $292.36.
In your case the out-of-pocket child care cos is $140 × 5 − $292.36 = $407.64.