Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I have a casual job now which was giving me 35-45 hours a week. This week they have given me 1 shift. My ex employer said I could work for 6 days whilst not working at my current job, just these 6 days out of the rest of the financial year, do I pay tax on my ex job as a no tax free threshold this week? Or is it still registered with the ATO that I have the tax free threshold on both (thinking I wouldn’t ever go back to my old job), will I get a bill at tax time? I’m confused as my current job won’t be giving me a taxable income for the week, but my ex job will. It’s hard to explain lol.