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Vic Wasteland Thread

R31Nismoid

By R31Nismoid,
in Victoria

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joeyjoejoejuniorshabadoo
joeyjoejoejuniorshabadoo

probably worth more than your D1R's

Mohsen
Mohsen

i kinda want one. name him al pacacino.

Birds
Birds

You laugh now, but when I'm at a formal occasion with a shitty DJ and they need someone to drop Dre beats...I have something up my sleeve.

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blah_blah Grand Master

blah_blah

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Posted

Accountant question: Is it illegal to not declare your HELP debt when starting a new job?

Not sure if it is 'illegal' or enforced.

At the end of the day its going to be paid one way or another anyway.

Birds Grand Master

Birds

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Don't think the ATO would cause too much fuss over it; they will get the monies from you next tax return anyway if your employer payroll doesn't put extra pay into PAYG withholding.

Be the same as declaring a tax free threshold at both jobs, or no tax withheld on bank interest or centrelink payments...come tax time you gonna have a nice bill!

That said, I'd pay it off with your salary rather than your tax return. Keep in mind that indexing is applied to the debt, so the less you have for them to index at the time, the better. Unless the indexing is applied just after EOFY, which I think it may be, in which case it won't really matter.

Still need a graduate Tony?

blah_blah Grand Master

blah_blah

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Yup, and it will get paid a hell of a lot quicker if it's not on the form, and I'll have a whole bunch more money in my pocket

Not sure what you mean by quicker. Unless your talking about additional voluntary payments ontop of the compulsory payments.

Or possibly talking about interest earned compared to 0% with the ATO

CrispyFries Grand Master

CrispyFries

Posted
Posted

Not sure what you mean by quicker. Unless your talking about additional voluntary payments ontop of the compulsory payments.

Or possibly talking about interest earned compared to 0% with the ATO

The extra money in my pocket will go into a single voluntary repayment, if it goes in my tax it will take longer to save that payment

blah_blah Grand Master

blah_blah

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Posted

The extra money in my pocket will go into a single voluntary repayment, if it goes in my tax it will take longer to save that payment

Is that the final payment your saving up for?

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Admin roles at our work and I'm sure with most business, the turnover is quite high. So there are always fresh faces every 6-8months

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