thread: ? about PPS and tax?

  1. #1
    Registered User

    Dec 2005
    4,840

    ? about PPS and tax?

    From June 09- March 10 I received $10400 of PPS. Do I have to do a tax return? I only just realised I might have to but I dont have any paperwork, will centrelink send me any? DH is doing his tax on wed so Id prob prefer to do it then.

  2. #2
    Registered User

    Dec 2005
    5,951

    You will get a payment summary from them, it should arrive this week so you can do your tax.

  3. #3
    Registered User

    Feb 2009
    2,031

    You only need to do a tax return if you personally received income from another source or paid tax on your payment or under PAYG ITI or ITW.

  4. #4
    Registered User

    Dec 2005
    5,951

    My bad, read the wrong payment lol. What BR said

  5. #5
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    if you paid any tax on the PPS you will need to do a tax return

    given you're now partnered, that income will impact your ftb part be entitlement from march through to june - i would consider doing a tax return to get as many deductions as you can legitimately get on that to make sure you get as much ftbb as possible anyway....