Paid Parental Leave Comparison Estimator
If your child is born or adopted before 1 March 2014 and you think you may be eligible for both Parental Leave Pay and Baby Bonus, you can use the Paid Parental Leave Comparison Estimator to help you decide which payment is the better financial decision for your family. Most eligible families will be better off receiving Parental Leave Pay rather than Baby Bonus.
The estimator does not provide a rate of payment or assess your eligibility, but will ask you to answer questions about your circumstances and will provide you with a comparison between Parental Leave Pay and Baby Bonus. If you do not meet the eligibility criteria for both of these payments, you should not use the estimator.
The result may depend on the date you wish to start your Paid Parental Leave period, so we recommend that you try different dates in order to work out the best financial decision for your family. From 34 weeks after the birth or adoption, the number of weeks you can receive Parental Leave Pay will reduce.
When you have decided which payment is better for your family, you can lodge your claim as early as three months before the expected date of birth or adoption.
The estimator uses the following details in its calculations:
- Baby Bonus
- Family Tax Benefit Part A
- Family Tax Benefit Part B
- Income Tax
- Large Family Supplement (if applicable)
- Low Income Tax Offset
- Medicare Levy
- Parental Leave Pay
The estimator will provide an indicative result based on the circumstances you provide. Start the Paid Parental Leave Comparison Estimator.