I am on a working holiday visa (417) from the UK. I have been in Australia for just under 2 years.
Last year, I earned over $45,000 and when this happened I started paying 30% tax instead of 15%.
Now, as the new tax year has started, I am continuing to be taxed at 30%. Is this right, or should my tax go back to 15% until I hit the $45,000 again this year?
I am a casual primary school teacher.
Hey @Tamaraneal,
If you're either:
AND
You hold either visa:
then regardless of how much you've earned the prior financial year, your tax rate when you earn up to $45K should be taxed at 15% and then 30% from every dollar after that.
Scenarios:
While earning more than $45K pushes you into the next WHM tax bracket, that doesn’t mean you’ll continue to be taxed at 30% every financial year.
We have some helpful examples on our website about income thresholds for working holiday makers.
I'd say it's best to have a chat with your employer. If they have overtaxed your income, you should get it back at time.
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