First 3 Months5 minutes on the formMoney & Finance
Claim the tax-free threshold
Australian residents for tax purposes don't pay tax on the first $18,200 earned. Tell your employer to reduce withholding.
Why this matters
Without claiming the threshold, you're taxed from dollar one. That's extra tax taken from each pay.
How to do it
How to do it
- 1
Fill out the Tax File Number Declaration form when starting a job
- 2
Question 9 asks if you want to claim the tax-free threshold
- 3
Say 'yes' if you're an Australian resident for tax purposes
- 4
Working Holiday Makers: you're NOT eligible for the threshold
Claim the threshold from ONE employer only. Claiming from multiple means you'll owe at tax time.
Time required: 5 minutes on the form
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