After you leave Austrailia, your super remains in your super fund account for six months.
After six months it is transferred to the Australian Tax Office as unclaimed super.
Continue reading “What happens to my super after I leave Australia?”
Explore our comprehensive explanations of the various tax items and elements needed to lodge your tax return online. We also answer the most commonly asked questions about tax lodgement in general and our services in particular.
After six months it is transferred to the Australian Tax Office as unclaimed super.
Continue reading “What happens to my super after I leave Australia?”
Getting your refund on time depends on the date on which you file your tax return and which work period you report have a definite impact on when you get your money back.
Generally, you can expect a quicker refund if you are reporting income earned before the end of the financial year and expect a long wait if you are reporting work after the close of the tax year. This is because this would require filing an early return with longer processing times.
Also, you may qualify for the Medicare Levy Surcharge Exemption if you:
In the fifth year, the Student Financial Supplement Scheme is taken out, the ATO collects the balance of the outstanding loan. Then, it becomes an accumulated Financial Supplement debt.
Nevertheless, it is no longer in effect since 31 December 2003. The tax system collects the existing Financial Supplement debts. Continue reading “Student Financial Supplement Scheme (SFSS)”
In order to qualify for the offset, however, your medical expenses must be greater than the threshold set by the ATO (as shown in the table below). Continue reading “Medical Expenses Offset”