If you are employed, the first $6,000 of your yearly income is tax-free. You can only claim this tax-free threshold from one employer. This means if you get a second job you cannot claim the tax-free threshold for this income.
The tax-free threshold should only be claimed with the employer who usually pays the highest salary and wages. If you earn any additional income (for example, from a second job) then your other employer is required to withhold tax at a higher rate.
About the Author
Warren Kruger is an Australian Tax Specialist and Advisor.
For a FREE Report "7 Essential Strategies to Reduce Your Taxation NOW!",
Sign Up RIGHT NOW in the Opt In Box located on the top right hand side of this article.
Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
Comments on this entry are closed.