Thread: So, what's everyone doing with their tax return?

Originally Posted by Saulman1010

Just asking....how long after lodgement did you get your refund in your account. I'm two weeks (10 working days) and counting....

Two weeks.
We have paid off a fair bit of our HECS and I think the loan scheme is a great way to encourage people to up their skills, but I'm not going to volunteer unnecessary repayments.
The gummints have done pretty well out of us over the years, so I don't see why I should sacrifice unnecessarily when plenty of people earning much more than us distort their tax affairs so extravagantly and blatantly. Plus the politicians just waste it on jaunts anyway.
We thought we were under the threshold, as did our accountant, but they still grabbed about $1000 back from each of us anyway.
Oh well, as that well-known rebel against government oppression Ned said, 'Such is life'.

Originally Posted by DiscoMick

Two weeks.
We have paid off a fair bit of our HECS and I think the loan scheme is a great way to encourage people to up their skills, but I'm not going to volunteer unnecessary repayments.
The gummints have done pretty well out of us over the years, so I don't see why I should sacrifice unnecessarily when plenty of people earning much more than us distort their tax affairs so extravagantly and blatantly. Plus the politicians just waste it on jaunts anyway.
We thought we were under the threshold, as did our accountant, but they still grabbed about $1000 back from each of us anyway.
Oh well, as that well-known rebel against government oppression Ned said, 'Such is life'.

You "thought" you were "ünder the threshold",.....mate, that sounds like you're calculating to try to avoid the repayment of a debt?
Pretty much disagree with all of that Disco, ....except the last line, "Such Is Life",...bearing in mind the interest in the Ned Kelly "Saga" that I have.
I always have a bit of a laugh about this sort of stuff, people borrow to go to Uni etc, as a consequence of which, they end up in a very well paid job, then cry about having to repay the debt?
Pickles.
NB: Disco,...if I'm missing the point here, please enlighten me.

We didn't calculate our tax with the aim of avoiding a HECS repayment, we just thought afterwards that would be the result. We were wrong. The government makes the rules, not us. We're just trying to comply with them.
The government has lowered the repayment thresholds and some ways it is calculated.
Study and training loan repayment thresholds and rates | Australian Taxation Office

Originally Posted by DiscoMick

We didn't calculate our tax with the aim of avoiding a HECS repayment, we just thought afterwards that would be the result. We were wrong. The government makes the rules, not us. We're just trying to comply with them.
The government has lowered the repayment thresholds and some ways it is calculated.
Study and training loan repayment thresholds and rates | Australian Taxation Office

No worries my friend, I don't know much about Hecs etc, I suppose what I get annoyed about is people "bleeding" about having to repay their Hecs debt, sort of expecting free uni etc, but getting their qualifications, as a consequence of which they qualify for to a very well paid job, (which they certainly deserve if they've studied for it).
But, as one well known Aussie once said "Anyone who pays more tax than they have to is a fool"!
Pickles.
Forgot to mention,..going to our acct today to get ours done!

I'll pro'ly spend it on tools or charity, and then get another peeved note on my tax file from the ATO saying my deductions are 1400% over the average for my category.

George the Defender is booked in for a serious service and some extras.

Recently did the PAYG and BAS statements for the last 1/4 of last financial year. Well over 20 grand left the business account. I don't expect to see any back once the tax return is done.

Gotta love people who quote Ned...
Let’s all idolise a thief and murderer....

Last guy with a beard that stuck it to a government, blew up buildings, and that government pretty much flattened countries to hunt him down.