Using the Choklits Child Care Subsidy Calculator parents can get a close estimate of their possible child care subsidy entitlements from the Australian Government and their out-of-pocket child care costs.
The results from our child care subsidy calculator are only indicative and informative. The estimation of your child care subsidy will be based on the information provided and should be used as a guide. Try out our child care subsidy calculator now.
How the Child Care Subsidy Process Works
Prior to being able to begin child care, you will need to complete a Child Care Subsidy assessment and apply for the subsidy via myGov. During this process, families will be asked to provide their estimated annual combined family income and their activity details.
The government will communicate with you through myGov for all Child Care Subsidy matters.
How Your Child Care Subsidy Is Calculated
Your subsidy percentage will be based on your estimated combined annual family income. Your actual subsidy entitlement will be worked out at end of year reconciliation when your actual adjusted taxable income is known (after you have lodged your tax return).
The easiest way to estimate your income is to base it on your previous year’s tax return as well as any expected pay rises.
5% of your weekly Child Care Subsidy entitlement will be withheld by the government. Following reconciliation of your tax return at the end of the financial year, any amount owing to you will be paid as a lump sum by the government. If you have been paid too much Child Care Subsidy, you will have a debt to repay.
When you have registered at myGov, call Choklits on (03) 9879 5888, ask to speak with Sue and she will run through the entire system, explain how everything works, give you an estimated cost and alert you of other things you need to know moving forward.
Child Care Subsidy and Immunisation
Inline with the government requirements, please be aware that if your child is not immunised they will not qualify for any rebate or financial assistance under these schemes unless they have a valid exemption.
Try the Choklits Child Care Subsidy Calculator Now!
Please note; the Calculator does not take into account some variables including if you are repaying any money to Centrelink, or have had your payment reduced, the assets test, if you are paid under a Social Security Agreement, or if you are overseas.