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Discussion Thread 🐬 Thursday 5 June 2025 (aussie.zone)

submitted 3 days ago by YarraByte@aussie.zone to c/melbourne@aussie.zone

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[–] just_kitten@aussie.zone 5 points 2 days ago* (last edited 2 days ago)

Man, I just put all my estimated earnings and tax paid etc into a calculator and I'm depressed once again at the removal of the LMITO. I hate that I'm probably going to have such a 2.5-3k tax bill at the end despite working part time :( I'm so used to having tax returned and July being a bit of a splurge month.

Why the hell is my employer withholding so little tax?! Ugh. I know it's better to have the money up front and earn interest (which also gets taxed...) but psychologically it effing sucks.

Next time I might start having a separate "tax" account to save the money into, like it's an annual bill. E: or just dump it into super since mine's rather low for my age... Could use it for FHSSS or one of those grown-up things