British Expats - Search Results

Search: Posts Made By: goldchoccycoin

Showing results 1 to 3 of 3
Search took 0.01 seconds.

Forum: Australia

Jan 20th 2011, 11:29 pm

Replies: 32

Savings and Interest

Views: 2,586

Posted By goldchoccycoin

Re: Savings and Interest

Crikey, you must have a lot of savings! Good for you. The tax bill is crap though.

I personally think an element of interest earnt on savings should be tax free - maybe the 50% up to a max of $25K...

Forum: Australia

Jan 20th 2011, 11:21 pm

Replies: 32

Savings and Interest

Views: 2,586

Posted By goldchoccycoin

Re: Savings and Interest

If I wanted to live off the interest of my savings, I'd want ALL the interest without tax being deducted to live off - maximising my income.

Then, I'd hopefully get a job and pay the tax owed on...

Forum: Australia

Jan 20th 2011, 10:28 pm

Replies: 32

Savings and Interest

Views: 2,586

Posted By goldchoccycoin

Re: Savings and Interest

Also, if you give them your Tax File Number they will take interest immediately (i.e. not give you your $6K tax-free allowance). So personally I'd keep the TFN and pay the tax at the end of the year!

Showing results 1 to 3 of 3