April 14th, 2008 advice
Do you have superannuation money that you have lost track of?
You may have had some superannuation paid on your behalf on a previous job you had but you didn’t keep track of where it was paid and how much.
There is a simple way of checking if you have monies owed to you from funds that have reported your super payments as “lost contact”.
The link is at the ATO site
http://www.ato.gov.au/individuals/content.asp?doc=/content/33301.htm
A good discussion of lost super is found at the ASIC site
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Searching+for+lost+super?openDocument
Hopefully you will have a windfall!
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April 8th, 2008 advice
This is a hip term the Tax Office has come up with “HELP Debt” (HELP – Higher Education Loan Programme).
It used to be known as HECS ( Higher Education Contribution Scheme).
Generally speaking, HELP is similar to tax withheld on wages.
As with tax on wages it appears to be compulsory to withhold the amounts from the regular pays as opposed to paying it at the end of the year.
It’s a bit like asking to pay your income tax at the end of the year and not have the tax deducted every pay.
If your taxable income is going to be lower from a rental loss or some other deduction or you only worked part of the year(basically your taxable income is goingto be lower than if you received the current pay all year) then you could vary
your overall PAYGW obligations.
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