-
Finished your HSC? Check out our University Discussion, Non-School forums or help out next year's HSC students! -
YOU can help the next generation of students in the community! Share your trial papers and notes on our Notes & Resources page
What is TFN WITHHOLDING TAX ?? (1 Viewer)
- Thread starter jannny
- Start date
aye its ur bank not ur employer
before i told my bank my tfn i got ~$20 interest in my super saver
now im getting ~70 with the same amount of money! Boo yea!
Only at the end of the year when you do your tax return
before i told my bank my tfn i got ~$20 interest in my super saver
now im getting ~70 with the same amount of money! Boo yea!
Only at the end of the year when you do your tax return
jannny said:
your interest doesnt decrease per se..... just more money is taken out in tax so end result is lots less money into your bank account as interest.... its not that hard...on Tuesday just go in with your TFN, in like 2 months you'll be getting your $8 back anyway through tax returns most likely!
Dumsum
has a large Member;
You claim it back with your tax return.
^ exactly. all it means is your bank doesn't have your tax file number. if they don't they have to assume you're earning more money over the highest tax bracket.
to get it back you simply put down your withheld tax by the bank come tax time
to get it back you simply put down your withheld tax by the bank come tax time
