{"id":1458,"date":"2016-01-23T16:22:15","date_gmt":"2016-01-23T08:22:15","guid":{"rendered":"http:\/\/people.utm.my\/noorsidi\/?p=1458"},"modified":"2016-01-23T16:22:15","modified_gmt":"2016-01-23T08:22:15","slug":"8-most-helpful-finance-hacks-3","status":"publish","type":"post","link":"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/8-most-helpful-finance-hacks-3\/","title":{"rendered":"8 Most Helpful Finance Hacks"},"content":{"rendered":"<p><strong>3. File a PAYG variation to reduce your tax<\/strong><br \/>\nRather than letting the Australian Taxation (ATO) keep your monies, file a PAYG \u00a0variation to reduce your tax bill and use your cash during the year. It\u2019s your money after all, so<br \/>\nwhy shouldn\u2019t you have access to it sooner?<\/p>\n<p>When you file a PAYG variation you&#8217;ll receive your refund on a regular basis &#8211; with ever pay packet-rather than one time at the end of the financial year.<\/p>\n<p>Use the increased cash flow to pay down a bad debt, add towards an investment property deposit, add to your buffers, go on a holiday &#8211; whatever you choose.<\/p>\n<p>The PAYG variation doesn&#8217;t take the place of your annual tax return. Obviously, you will still need to lodge a return as usual; the payments you receive throughout the year will b credited against your tax obligations.<\/p>\n<p>Note that variations expire June 30 of each year so best practice is to submit a new application by May or early June each financial year. Don&#8217;t forget that if you change employers you will need to file a new variation request.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3. File a PAYG variation to reduce your tax Rather than letting the Australian Taxation (ATO) keep your monies, file a PAYG \u00a0variation to reduce your tax bill and use your cash during the year. It\u2019s your money after all, so why shouldn\u2019t you have access to it sooner? When you file a PAYG variation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/8-most-helpful-finance-hacks-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;8 Most Helpful Finance Hacks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18926,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1458","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/users\/18926"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/comments?post=1458"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1458\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/media?parent=1458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/categories?post=1458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/tags?post=1458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}