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Child Support Assessments

"Child Support Consulting have extensive experience in Child Support help, having worked in the CSA for nearly a decade. This provides them with behind the scenes insights into how Child Support Agency operates, and how best to ensure you are only paying the minimum payments each year.<br><br>Help with child support required strong work ethics, a culture of helping others and a determination to ensure their clients are of the greatest importance."

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Child Support Assessments

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  1. Child Support Assessments

  2. Child Support Assessments PARENTS’ INCOME The child support assessment can be based on the formula set out in the legislation, or an agreement reached between the parents. Formula Assessment The current formula was introduced on 1 July 2008. It takes into account many variables including the incomes of each parent, the number and ages of children, the costs of children, the level of care each parent provides for the children, and whether either parent has a legal duty to support any other children.

  3. The formula consists of three main elements: Parents’ Incomes Costs of Children Table Level of Care The starting point is each parent’s taxable income for the previous year, plus other amounts which are automatically included such as: • Net financial investment losses (eg rental property, shares, managed investments) • Reportable fringe benefits • Foreign income • Reportable superannuation contributions • Some tax-free pensions or benefits • Some payments from the Department of Veteran’s Affairs

  4. PARENTS’ INCOME The Costs of Children Tables are based on Australian research which looked at the amount of money spent on raising children in households with differing levels of income.   The Costs of Children Tables are adjusted each year in accordance with changes in average incomes. LEVEL OF CARE The amount of care provided by each parent can be counted as a contribution to the costs of the children.   The level of care is generally counted in nights.  However, a request can be made to determine the level of care based on hours rather than nights.

  5. A table that converts the number of nights of care into the percentage of a child’s costs is below.

  6. Child Support Consulting http://www.childsupportconsulting.com.au/ http://www.childsupportconsulting.com.au/our-blog/12-child-support-assessments

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