I am currently on a career break from my job, i have been working in a different industry since and i am travelling also, my career break is about to end and the only way to keep that job is to change to casual, but this will result in all entitlements being paid out to me, while i am also receiving a wage from my other employer, i have ticked the tax free threshold on both jobs because so far i havent received income from both at the same time, but if i get paid out I will. What do i do?
Hi @Travelbutterfly,
You can provide one of your employers with a Withholding declaration letting them know you don't want to claim the tax-free threshold anymore (generally we recommend you claim the tax-free threshold from the job where you earn more income).
All replies
Hi @Travelbutterfly,
You can provide one of your employers with a Withholding declaration letting them know you don't want to claim the tax-free threshold anymore (generally we recommend you claim the tax-free threshold from the job where you earn more income).
@Travelbutterfly don't worry too much about it.
PAYGW amounts are just an estimate.
Your taxes all get reconciled and balanced out when your annual tax return is lodged, and the Notice of Assessment is issued by ATO.
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