Job Keeper

 So who got stung by the ATO with there new payg payments ?

 

Mongrels give with one hand tell you to spend up and then smash you the next year with tax , no wonder the country is f&^ked with pin heads like scomo running it.

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 Call Sign - BZ785

Haynes Hunter Prowler CC

 


Brock O's picture

Posts: 3182

Date Joined: 11/01/08

Didn't use job keeper but did

Fri, 2021-07-02 09:19

Didn't use job keeper but did pull 10k of me super, waiting for a come back on that! recon they will try hand out fines of some sort if they deem it un-warranted after one of there reviews...

Not a year goes by there isn't an extra tax or payment required...expect no difference this year from the Pigs!

Posts: 4568

Date Joined: 01/02/10

 Mate pulled 20k out and paid

Fri, 2021-07-02 12:58

 Mate pulled 20k out and paid some bills down. 
His justification was government can and does change the rules whenever they feel like it so may as well use it to help himself out. 

Hard to really argue against it 

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Does anyone know where the love of god goes, when the waves turn the minutes to hours?

Brock O's picture

Posts: 3182

Date Joined: 11/01/08

Yep same, me and wife both

Fri, 2021-07-02 13:22

Yep same, me and wife both pull 10k and put it straight on a new car. no loans or interest to worry about.

My super has gained a heap this year already...well forgotten.

Posts: 308

Date Joined: 28/05/15

 Pulled super and purchased

Fri, 2021-07-02 15:57

 Pulled super and purchased gold, you don't pay capital gains on gold investments.

davewillo's picture

Posts: 2311

Date Joined: 08/09/16

 I didn't know that Vic. I

Mon, 2021-07-05 12:33

 I didn't know that Vic. I thought you paid tax on any gains.

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 PGFC member and lure tragic

Posts: 5761

Date Joined: 18/01/12

Never heard that before

Mon, 2021-07-05 16:05

 I thought that was only on minted coins that have a "face value" but its a new one on me if you are correct

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 Give a man a mask, and he'll show you his true face...

 

 

The older you get the more you realize that no one has a f++king clue what they're doing.

Everyone's just winging it.

 

sea-kem's picture

Posts: 14897

Date Joined: 30/11/09

 Just googled this up on an

Mon, 2021-07-05 18:19

 Just googled this up on an Australian gold bullion site, 

You may be required to pay capital gains tax if your investment grade bullion has a greater value at the time of sale compared to the value at the time of purchase. However, sales of investment grade bullion do not attract GST.


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Love the West!

Posts: 5761

Date Joined: 18/01/12

 Thats the same as any

Wed, 2021-07-07 08:12

 Thats the same as any investment? If you sell it for more than you bought it for allowing for the costs, you pay capital gains at your marginal rate.

Similar GST-don't pay GST buying and selling shares either

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 Give a man a mask, and he'll show you his true face...

 

 

The older you get the more you realize that no one has a f++king clue what they're doing.

Everyone's just winging it.

 

sea-kem's picture

Posts: 14897

Date Joined: 30/11/09

 Absolutely! That's why I

Wed, 2021-07-07 11:22

 Absolutely! That's why I need to win lotto 

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Love the West!

Posts: 5761

Date Joined: 18/01/12

.

Thu, 2021-07-08 15:15

 fark, me too...

____________________________________________________________________________

 Give a man a mask, and he'll show you his true face...

 

 

The older you get the more you realize that no one has a f++king clue what they're doing.

Everyone's just winging it.

 

Marineboy's picture

Posts: 840

Date Joined: 14/03/14

Job keeper

Fri, 2021-07-02 09:32

Surely you didn't think this was a tax free donation willo ? 

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 My spots are so secret even the fish don't know about them !

Willlo's picture

Posts: 1490

Date Joined: 07/10/11

 Nah i knew id have to pay

Sun, 2021-07-04 11:24

 Nah i knew id have to pay something but didnt expect to have a good year so didnt really need it. On the other hand this year has been shit , so now have to pay extra tax whilst having a shit year. luckily i i idnt spend it like the govt were pushing everyone to do so i can pay it back. 

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 Call Sign - BZ785

Haynes Hunter Prowler CC

 

Posts: 2032

Date Joined: 16/05/09

 You can adjust your PAYG

Sun, 2021-07-04 11:49

 You can adjust your PAYG payments to reflect your income. Your accountant can sort.

sea-kem's picture

Posts: 14897

Date Joined: 30/11/09

 Thankfully never used job

Fri, 2021-07-02 10:17

 Thankfully never used job keeper but copped a nice tax bill from last year. It always concerns me when my accounts starts off by saying "Well you had a really good year last year ''

I know the patio guys near me claimed big time on job keeper by not submitting any invoices. I reckon they'll be having a few headaches with the tax man. He will always get his cut.

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Love the West!

Jackfrost80's picture

Posts: 8085

Date Joined: 07/05/12

My missus got overpaid this

Fri, 2021-07-02 11:15

My missus got overpaid this year which has pushed us over the Medicare Surcharge Levy threshold and we now have to pay an extra 1% tax each... ouch!

Time to bite the bullet and get hospital cover especially if any of us do require elective surgery under with Labors farcical hospital system.

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Officially off the Pies bandwagon

sea-kem's picture

Posts: 14897

Date Joined: 30/11/09

 Missus has done a lot of

Fri, 2021-07-02 11:22

 Missus has done a lot of research into private and at the end of the day it's the way to go. Especially needing glasses and teeth as I turn into an older fool lol

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Love the West!

Jackfrost80's picture

Posts: 8085

Date Joined: 07/05/12

Yeah mate, I've got gold

Fri, 2021-07-02 11:32

Yeah mate, I've got gold cover for extras including dental, optometrist, massage, psychology, physio/chiro etc but only private hospital cover exempts you from the Medicare Surcharge Levy.

It's just private hospital cover we dumped to cut costs when the Mrs feel preggas while we were building our house and never picked it back up. I've been rather lucky in the public system with my elective meniscus and then ACL surgeries as well as my bicep tendon rupture which is treated as trauma surgery rather than elective.
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Officially off the Pies bandwagon

Posts: 4568

Date Joined: 01/02/10

 I had to use my top hospital

Fri, 2021-07-02 12:56

 I had to use my top hospital a few months ago after lack of joy in the public system. Fairly straight forward gall bladder removal turned into 2 surgeries and went straight up over 15k over a few days. It's one of those things you don't need for ages and then you really do. 

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Does anyone know where the love of god goes, when the waves turn the minutes to hours?

uncle's picture

Posts: 9403

Date Joined: 10/02/07

Here you go folks

Fri, 2021-07-02 11:39

in the last 7 months my bill from hospitals is 80k all paid by HBF and that’s without hospital accommodation costs, no waiting access to specialists, worth every penny. 

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all aggressive fish love bigjohnsjigs

davewillo's picture

Posts: 2311

Date Joined: 08/09/16

 My employer claimed

Fri, 2021-07-02 13:10

 My employer claimed JobKeeper for all of us and then had a bumper year! Hope they make him pay back every cent! We had a 25% salary reduction for about 4 months and then he begrudgingly put our pays back up. In December we got paid half of the reduction back and last week we got the other half. It took months of battling to get that paid back.

We've got top hospital and major dental and in the last 5 years had 2 knee miniscus resections, wife had 2 toe operations and a "lady's surgery", and then in  December I got my shoulder reconstructed after I fucked it up in the gym. Cost me $78.

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 PGFC member and lure tragic

Jackfrost80's picture

Posts: 8085

Date Joined: 07/05/12

I work for a Council and we

Sun, 2021-07-04 18:25

I work for a Council and we were asked to vote to adjust our agreement to forgo our 2% payrise this year fir the greater good which we did.

Since then we've seen Councillors hold red carpet social dos where they are supposed to be networking with community leader/groups etc but just invite family and friends to a weekly Fri night dinner with chef prepared food and an open bar.

Proper kick in the teeth.

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Officially off the Pies bandwagon

rob90's picture

Posts: 1522

Date Joined: 06/02/13

 Sounds like standard council

Mon, 2021-07-05 09:00

 Sounds like standard council behaviour. Screw the residents and screw the employees great family first policy tho

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 Hi my name is rob............. and I'm a........... fishaholic