If your income is not regular (eg you are self-employed or a casual worker)
To get assistance throughout the year, follow these steps to help you estimate your income:
- Get to a reasonable starting point. Start with what you earned last financial year. If your income varies, start with an estimate at the high end of your possible income range. Include any other income from other sources that may get through the year.
- Think about things that may change. Will your income for the rest of the financial year increase, decrease or stay the same? Will there be changes that affect your work and pay?
- Will you receive additional income from:
- working overtime;
- additional working hours;
- returning to work;
- pay rises; or
- work bonuses
Adjusted taxable income is:
- Taxable income plus
- Fringe benefits plus
- Tax free government pensions and benefits plus
- Net rental property loss plus
- Foreign income minus
- Child Support (maintenance) you pay
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