Jump to content
SAU Community

Mugabetown - Whoretownin' At It's Worst.


Recommended Posts

Chants, HECS rates:

https://www.ato.gov.au/rates/help-repayment-thresholds-and-rates/

If you're below the threshold you WON'T have to pay any. If you do b*tch and complain, or get a better accountant.

she cannot do much about it Smartie.

although the employer should have had withheld the correct amount of PAYG W it wasn't

this means Chants received more cash in hand during the course of the income year

having a HECS/HELP debt at does not help her situation - although should she only have an ATI < $51,309 then that will then mitigate any HELP repayments for last FY

All I can say for you peeps is to check and double or even triple check your weekly / monthly payslips to ensure the correct amounts are being calculated

Chants, HECS rates:

https://www.ato.gov.au/rates/help-repayment-thresholds-and-rates/

If you're below the threshold you WON'T have to pay any. If you do b*tch and complain, or get a better accountant.

Oh... cock.

Didn't know it wasn't a progressive rate.

If you earn just above the threshold you pay 4% of your total income. if you earn just under the threshold, nothing. I guess i'll be paying off my HECS in only a few years.

Oh, i didn't realize it was a progressive rate, thought it was just 8% flat on anything above 53K.

its never been a flat rate Pete

It's always being scaled ATI (equivalent) thresholds

same! I was up at 3:15 and couldn't fall back to sleep

Shoulda told me I could have a sleepless buddy to chat with

Feel sooooo much like crap though :(

Had I known that I would have informed you lol!

Oh... cock.

Didn't know it wasn't a progressive rate.

If you earn just above the threshold you pay 4% of your total income. if you earn just under the threshold, nothing. I guess i'll be paying off my HECS in only a few years.

Yep it's a b*tch if you're not ready for it. But if your employer is correctly taking out the HECS amount from your pay, it won't be a big problem and you will smash your HECS debt in a few years, which is great. That's what I did, although the first year my employer did not take out the correct amount so I got a massive bill :(.

she cannot do much about it Smartie.

although the employer should have had withheld the correct amount of PAYG W it wasn't

this means Chants received more cash in hand during the course of the income year

having a HECS/HELP debt at does not help her situation - although should she only have an ATI < $51,309 then that will then mitigate any HELP repayments for last FY

All I can say for you peeps is to check and double or even triple check your weekly / monthly payslips to ensure the correct amounts are being calculated

She's saying she earnt ~50k but is having to pay 2.2k HECS. Which is wrong. Regardless of what her employer has taken out, she should not have to pay ANY hecs back on 50k.

The other problem of her employer not taking enough out, yeah nothing she can do about that. But you can apply to the ATO to pay it off over time rather than have to front up the full amount straight away.

its never been a flat rate Pete

It's always being scaled ATI (equivalent) thresholds

The rates scale, but the payment is not progressive. Eg as per the example from the ATO's site.

"Example: HELP compulsory repayment

Mitchell’s repayment income for the 2013–14 income year was $54,915, and the repayment rate for repayment income from $51,309–$57,153 was 4.0%. Mitchell’s compulsory repayment was $54,915 × 4.0% = $2,196.60"

In other words, if you earn 100K flat minus writeoffs etc, you will pay $8000 in HECS

Yep it's a b*tch if you're not ready for it. But if your employer is correctly taking out the HECS amount from your pay, it won't be a big problem and you will smash your HECS debt in a few years, which is great. That's what I did, although the first year my employer did not take out the correct amount so I got a massive bill :(.

She's saying she earnt ~50k but is having to pay 2.2k HECS. Which is wrong. Regardless of what her employer has taken out, she should not have to pay ANY hecs back on 50k.

The other problem of her employer not taking enough out, yeah nothing she can do about that. But you can apply to the ATO to pay it off over time rather than have to front up the full amount straight away.

Yeah, they have. They left 16K of my income out, which means i'd theoretically owe 2K less which explains why its so messed up and why the tax calculator wanted to give me a 7K refund.

However as per the example above, if Chants has earnt over $51309 she will owe minimum 2K. so if you earn 51K on your job they have no need to take out HECS, you earn a few hundred bucks somewhere else all of a sudden your tax bill jumps by 2K. In this case i'd be seeing a good accountant and trying to get your taxable income under $51309.

Yep it's a b*tch if you're not ready for it. But if your employer is correctly taking out the HECS amount from your pay, it won't be a big problem and you will smash your HECS debt in a few years, which is great. That's what I did, although the first year my employer did not take out the correct amount so I got a massive bill :(.

She's saying she earnt ~50k but is having to pay 2.2k HECS. Which is wrong. Regardless of what her employer has taken out, she should not have to pay ANY hecs back on 50k.

The other problem of her employer not taking enough out, yeah nothing she can do about that. But you can apply to the ATO to pay it off over time rather than have to front up the full amount straight away.

That depends on what Chants HRI is Smartie - if only just $50K salary alone and nothing else then I agree.

But there is not enough information here to determine that FTM and perphaps Chants wants to keep that information to herself (which is all completely understandable :) )

The rates scale, but the payment is not progressive. Eg as per the example from the ATO's site.

"Example: HELP compulsory repayment

Mitchell’s repayment income for the 2013–14 income year was $54,915, and the repayment rate for repayment income from $51,309–$57,153 was 4.0%. Mitchell’s compulsory repayment was $54,915 × 4.0% = $2,196.60"

In other words, if you earn 100K flat minus writeoffs etc, you will pay $8000 in HECS

Pete you really need to work on your clarity brah

Oh its a poor people thing, like not having cars ect? *end Joe Hockey impersonation*

Yep exactly the same. Us poor people man, we're just taking up space.

I think I need a bloody good account. 50k was combined from wages and family tax :/ I think Payroll has screwed my ass to a poll with this one.

Chants did you have the same problem the year before and was the level of income (in totality) similar?

Despite my no HECS i still get molested by the ATO every year anyway so I feel your pain.

thats because you have positive passive income which is not taxed or only partially imputated

I'd say you'd be doing rather well IMO :D

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Latest Posts

    • It would be different if the sealant hadn't started to peel up with gaps in the glue about ~6cm and bigger in some areas. I would much prefer not having to do the work take them off the car . However, the filler the owner put in the roof rack mount cavities has shrunk and begun to crack on the rail delete panels. I cant trust that to hold off moisture ingress especially where I live. Not only that but I have faded paint on as well as on either side of these panels, so they would need to come off to give the roofline a proper respray. My goal is to get in there and put a healthy amount of epoxy instead of panel filler/bog and potentially skin with carbon fiber. I have 2 spare rolls from an old motorcycle fairing project from a few years back and I think it'd be a nice touch on a black stag.  I've seen some threads where people replace their roof rack delete with a welded in sheet metal part. But has anyone re-worked the roof rails themselves? It seems like there is a lot of volume there to add in some threads and maybe a keyway for a quick(er) release roof rack system. Not afraid to mill something out if I have to. It would be cool to have a cross bar only setup. That way I can keep the sleek roofline that would accept a couple bolts to gain back that extra utility  3D print some snazzy covers to hide the threaded section to be thorough and keep things covered when not using the rack. 
    • Probably not. A workshop grade scantool is my go to for proper Consult interrogation. Any workshop grade tool should do it. Just go to a workshop.
    • In my head it does make sense to be a fuel problem since that is what I touched when cleaning the system. When I was testing with the fuel pressure gauge, the pressure was constantly 2.5 bar with the FPR vacuum removed. When stalling, the pressure was going up to 3.0 bar (which is how it should be on ignition).
    • ECUtalk pages don't mention they support the ABS computer (consult port has more than one CAN), so you might just need a different scan tool. But, I would expect ABS is a different light to the brake warning/handbrake light, do you see an ABS light come on for a few seconds when you turn the key from ACC to IGN? But since you said: I'd have a look at the ABS sensors in the rear hubs to make sure they are not damaged, disconnected etc.
    • OK, if it idles at 1000+ with the AAC, its not an idle airflow problem. The cold start valve just gives extra air when the engine is cold, but you have enough air without it to idle at 1000. I think you are back to a fuel problem, sorry. Can you see the fuel pressure staying constant or does it drop as the revs drop to a stall?  
×
×
  • Create New...