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.
earning 38,500 PA after tax in my first job with the tax free threshold claimed. I hope to start a second job on a casual basis, not claiming the tax free threshold, estimating a before tax earnings of $200.00 per week. what might be my expected tax rate on the second jobs earnings?