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Homepage Private Community Forums Minimising Tax Income and govt payments (family tax benefit) Reply To: Income and govt payments (family tax benefit)

  • Cherie

    Administrator
    November 17, 2024 at 4:42 pm

    Hi Ania,

    More Centrelink could mean more tax which equates to less $ in your pocket.

    Less tax and lower Centrelink could mean more $ in your pocket.

    By combining all the elements, using maths, will determine which level of income will give you the most $$ in your pocket. This is your goal, isn’t it?

    Like Morag, if you become your accountant you can figure out the best course of action.

    To start if you don’t know, you can ask your accountant questions. Or Centrelink for their income formula. getting the facts will help you decide. Best of luck.