ATO (tax office) payments by credit card

Just put 2 payments thru the ATO merrygoround using CBA Diamond MC double points offer, Figure I can use the merrygoround about 3 timnes till end of promo period on 1/2/15, given refund times
 
I prepaid on the work BAS and I will let the prepayment ride. Actually I am enjoying not having to pay anything for a couple of months. By the end of January the other entities will get started with quarterlies so I am less than 60 days from having to start again.
i was a bit surprised that 13% of folks 65 years old or older are paying any income tax personally.
 
shifty said:
I am starting to get a little confused (or lazy) about which cards are crediting points for ATO transactions and the general information about the card and its use it practice etc.

Is it possible that we summarise which cards are currently working for ATO transactions crediting points? I am now down to only my NAB cards after Citibank and AMEX stitched us. I certainly need to apply for some others with the NAB $100K limit and high cost to low points earn ratio.

eg. something like…

Issuer: NAB
Card: Qantas Rewards Premium (previous name - NAB Qantas Platinum)
Type: VISA/AMEX Combo
Points (VISA): .05 points per $1
Points (AMEX): 1.5 points per $1
Limits: $100k spend per period (per month) limit
ATO Points Status: Points Earned
Practical Info: There doesn’t appear to be a need to mix transactions. Large ATO transactions accepted without questions
Last Tested: March 2013
Link:
Click to expand...

Is teh NAB Platinum Qantas card still earning ATO points?

Is there a monthly cap?
 
cove said:
i was a bit surprised that 13% of folks 65 years old or older are paying any income tax personally.
Click to expand...

Government superannuation fund recipients, including former politicians, still have to pay income tax on their payments, irrespective of age.
 
JohnM said:
Government superannuation fund recipients, including former politicians, still have to pay income tax on their payments, irrespective of age.
Click to expand...

Isn't that because they don't pay 15% contributions tax like us mortals?
 
Govt super recipients should thank their lucky stars if they're getting a defined benefit payment, income tax or not. There's a reason this is now very difficult to access.
 
Pushka said:
Isn't that because they don't pay 15% contributions tax like us mortals?
Click to expand...

That is correct. But don't forget, they will never get a health care card, no matter how serious an ailment, whereas a person earning hundreds of thousands in tax-free super will be able to.
 
quokka77 said:
Govt super recipients should thank their lucky stars if they're getting a defined benefit payment, income tax or not. There's a reason this is now very difficult to access.
Click to expand...

Of course. But defined benefit schemes were not the sole province of government. Back in the day when the vast majority of people had no super at all, it was large corporations and government that had super - and generally, it was DB.

Australia has led the charge away from DB schemes. They are still rife in the US, believe it or not. A classic example of their cost is the New York Police Department, which now pays out more in pensions to retired officers than its salary bill for currently serving officers :shock:. Sustainable :confused:.
 
JohnM said:
That is correct. But don't forget, they will never get a health care card, no matter how serious an ailment, whereas a person earning hundreds of thousands in tax-free super will be able to.
Click to expand...

Because in order to get hundreds of thousands of dollars in tax free super they've already paid likely hundreds and thousands of dollars in contributions and CG tax in order to accumulate the growth needed for that. And wouldn't really be in need of that card anyway.

I'd take DB anyday.
 
The DB schemes were rewarding but also terribly constraining besides the debilitating corporate environment that goes with them having witnessed first hand QF and other government schemes. Being a member of a DB scheme was the biggest reason that held me from walking away before finally starting my own business some 15 years ago. So glad that I finally bit the financial bullet.
The DB schemes I knew calculated your pension/lump sum figure based on a multiple of final average salary, typically an average of your last two or three years annual salary. I saw way too many colleagues going to an early grave or taking bona-fide stress related breakdowns/terminations as they attempted to hold on at the top when they should have been taking a step back and a more coaching role.
 
The ATO has started sending me some Quarterly bills that are due in early March. Gee they are keen!
 
cove said:
The ATO has started sending me some Quarterly bills that are due in early March. Gee they are keen!
Click to expand...
Yes, Cove.
I returned from a weekend away and found a similar red letter. Curious timing?
(Doubt that the amount owing on mine is in the same stratosphere as yours, though. :) Guess the Oz Gov needs every cent it can scrounge at the moment.)
 

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