Tax on Savings
Jul 18th 2007, 9:27 am
#1
Forum Regular
Thread Starter
Joined: Aug 2004
Location: Hervey Bay QLD
Posts: 129
Tax on Savings
Hello all.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Last edited by katiesel; Jul 18th 2007 at 9:30 am.
Jul 18th 2007, 11:33 am
#2
Retired
Joined: Apr 2004
Posts: 34,649
Re: Tax on Savings
Hello all.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Jul 18th 2007, 11:49 am
#3
Joined: Dec 2003
Posts: 7,834
Re: Tax on Savings
Hello all.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Jul 18th 2007, 11:59 am
#4
Forum Regular
Thread Starter
Joined: Aug 2004
Location: Hervey Bay QLD
Posts: 129
Re: Tax on Savings
Interest on savings is taxed like any other income - http://www.ato.gov.au
Jul 21st 2007, 6:14 am
#5
sunshinesarah
Joined: Oct 2005
Location: Buderim, Sunshine Coast, Queensland
Posts: 203
Re: Tax on Savings
Hello all.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Does anyone know how much i will be taxed on my savings in Australia? As we had our house money in an e account for a few months before buying we gained around 9000 in interest. What will the rate be on that? We are also working, is interest on savings taxed at the same amount as earnings?
Thankyou.
Sunshin Sarah
