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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.
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Re: Meaning of YTD (Year to date)

Initiate

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Replies 1

Hi I just have a question about YTD (year to date) as I have noticed on my payslips. What does this mean in simple terms and does it cover each financial year (e.g. 19-2020) or does it cover the full year? Just some clarification thanks.

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Devotee

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It's referring to the start of the current financial to the time the pay slip was issued. So 1 July 2020 - 11 May 2021 if your period for the week / fortnight/ month (depending how often you get paid) was today. 

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Most helpful response

Devotee

Replies 0

It's referring to the start of the current financial to the time the pay slip was issued. So 1 July 2020 - 11 May 2021 if your period for the week / fortnight/ month (depending how often you get paid) was today.