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On 21 July the government announced proposed changes to the JobKeeper program. These changes don’t affect Jobkeeper payments until after 28 September 2020.

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Tax free threshold ???

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I started my first job in Nov 2019, claiming my tax free threshold for payer. I got another job in Feb. 2020 erroneously claiming my tax free threshold. Now this is June 2020 already, I am completing withholding declaration in order not to claim tax free threshold with first job, since I consider it less paying. Am i in order, what effect would this have considering we are so close to the end of the financial year?
Please someone should help with an answer to this.

Thanks
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Devotee Registered Tax Practitioner

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Am i in order, what effect would this have considering we are so close to the end of the financial year?

 

The higher-paid job should have the threshold claimed, the other job not.

 

You need to get this straight now for 2020-21.

 

Too late to do anything for 2019-20, but if you had no income before Nov 2019 then not much affect this year.

 

1 REPLY 1
Highlighted

Best answer

Devotee Registered Tax Practitioner

Replies 0

Am i in order, what effect would this have considering we are so close to the end of the financial year?

 

The higher-paid job should have the threshold claimed, the other job not.

 

You need to get this straight now for 2020-21.

 

Too late to do anything for 2019-20, but if you had no income before Nov 2019 then not much affect this year.