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68 Posts
I had a question that has been troubling me from a few days.
I am currently on a 457 visa and hence getting LAFHA as a part of my salary which is tax free
(Leaving Away From Home Allowance).
Do i need to inform my company to stop paying the component as i have applied for 175?
Or do i just pay extra tax during tax filing.
I am not ready to tell my company as they will fire me as they feel they will lose lot of money that i generate for them and also will try to extract money from me.
So what are the options that i have.
I asked my agent (175) and he does not know abt it. May be need to speak to a tax agent.
Good thing is that there wont be LAFHA from next year and the extra tax that i need to pay will be less than 200-300AUD.
Please help.
I am currently on a 457 visa and hence getting LAFHA as a part of my salary which is tax free
Do i need to inform my company to stop paying the component as i have applied for 175?
Or do i just pay extra tax during tax filing.
I am not ready to tell my company as they will fire me as they feel they will lose lot of money that i generate for them and also will try to extract money from me.
So what are the options that i have.
I asked my agent (175) and he does not know abt it. May be need to speak to a tax agent.
Good thing is that there wont be LAFHA from next year and the extra tax that i need to pay will be less than 200-300AUD.
Please help.