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Re: Not claiming tax free threshold

Newbie

Views 509

Replies 2

Hi, could someone in the know tell how much i would lose per pay (weekly or fortnightly) if I dont claim the taxfree threshold?  I should earn around the 105k for the year.

 

Thanks

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Taxicorn

Replies 0

@GD1 

 

Claim Tax-Free threshold:

Gross = $105,000

Tax = $26,247

 

Don't Claim Tax-Free Threshold:

Gross = $105,000

Tax = $29,805

 

Difference = $3,558 / 26 = $136.85 per fortnight.

2 REPLIES 2

Most helpful response

Taxicorn

Replies 0

@GD1 

 

Claim Tax-Free threshold:

Gross = $105,000

Tax = $26,247

 

Don't Claim Tax-Free Threshold:

Gross = $105,000

Tax = $29,805

 

Difference = $3,558 / 26 = $136.85 per fortnight.

Former Community Support

Replies 0

Hi @GD1,

 

There are some cool tax calculators here that can help you do it yourself, as well. Smiley Happy