Tax variation forms!! Aim to get zero back at tax time, only works if you have a good accountant

More cash flow into your bank account through out the year - use it to offset your home loan

Savings accounts are rubbish because they just tax your savings as income

Should never have a savings account if you have a home loan

And yes I know stripes doesn't have a home loan yet.... I'm just sharing my ramblings [emoji13][emoji13]

Edited September 4, 201511 yr by Wilko16

Well truth be told, given I pay tax on interest earned in a savings account I'll actually keep my "Savings" in my everyday transaction account because I get 12 Qantas points per month per $100 balance. The points are tax free and actually end up worth more to me (if using the points to buy business class flights) than the interest I'd get on a savings account once I've paid tax on it. When I have a mortgage however, literally everything will go in an offset account.

Yeah that's a good idea, frequent flyers are great if you can use them

^WSS. Pixy's wife is only getting it back coz it's already been withheld from her as tax. Doesn't get any interest on it, just the chunk of money back she didn't need to pay.

Spot on Stripes. Because wife is still paying off HECS (payed off about 8 years ago) that she doesnt have she gets a a good return at tax time.

Its more like a saving account that we dont pay interest on.

Pay interest on a savings account?

You sure do.

I have cash setting and wait to build my house and I get interest every month. At tax time I had to declare that I made money from my savings.

More money for tax man.

Fitted kid seat to WRX. Took junior for a spin.

He loved it.

Oh yeah panda Jr love turbs......

LMFAO kids cant help them selves trying to keep secrets because of fathers day gift they have got me. They're trying hard.

So.. went golfing this afternoon. Probably my first really serious game since April this year. Got the all clear from the doctor yesterday allowing me to exercise properly again (provided I listen to my body and stop when I have had enough).

New course I'd never played on.

Only managed to par on 2 holes (both par 3).

However I did manage a birdie on a par 5. The rest were bogey and double bogey on account of a few chances taken playing through and over trees that didn't really pay off.

It was great to get out and play properly again though.

Well done panda

Your better at golf than me even when your first back bahahah

Wmmfg

Took the eldest out for her reward today (she got 20 stickers on her chart) we got our nails done and went to the choccy factory (her choice)

I love that she was tossing up between that and go karting

That's my girl!