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Single parents will, once their youngest child turns 8, start to pay more tax, how will this happen I hear you ask? While the youngest child is under 8 a single parent will receive Parenting Payment Single. When the child turns 8 the parent will stop receiving Parenting Payment Single and start receiving the Newstart Allowance. How [...] The Tax Free Threshold, thats the first $6,000 earnt that you don’t pay tax on… right? Wrong…. ??? There are many tax free thresholds, your situation governs the amount of threshold you receive. Non-Residents, their threshold is nil, they pay tax on $1 Minors, people under 18 who have unearned income their threshold [...] |
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