ATO (tax office) payments by credit card

I'm after some quick advice. I sold some shares that I'd held for many years and I now have a $90k capital gains tax bill to pay as part of my income tax assessment. This is a personal income tax issue, not a business tax one. I've only just received the assessment but the due date for payment is listed as 8 June 2021. This is all very new to me so some assistance would be appreciated. How much attention do I need to pay to the due date having already passed? Is it worth paying this with a credit card in order to get points? I have a Macq Bank QFF visa card and a grandfathered AMEX platinum reserve credit card (which is my preferred CC for points with SQ). I also have a sniip account but have never used it.

Or should I just pay the amount via bpay from a bank account?
 
GRstrawb said:
I'm after some quick advice. I sold some shares that I'd held for many years and I now have a $90k capital gains tax bill to pay as part of my income tax assessment. This is a personal income tax issue, not a business tax one. I've only just received the assessment but the due date for payment is listed as 8 June 2021. This is all very new to me so some assistance would be appreciated. How much attention do I need to pay to the due date having already passed? Is it worth paying this with a credit card in order to get points? I have a Macq Bank QFF visa card and a grandfathered AMEX platinum reserve credit card (which is my preferred CC for points with SQ). I also have a sniip account but have never used it.

Or should I just pay the amount via bpay from a bank account?
Click to expand...

Sniip is 1.5% using Amex and earns full points for ATO, so if you value your points/miles gained more than the surcharge, then yes pay with the credit card via Sniip.
 
pay.com.au is increasing its Mastercard & Visa fee by 0.1% for premium members from 1 July "due to changes across the market".
 
Mattg said:
pay.com.au is increasing its Mastercard & Visa fee by 0.1% for premium members from 1 July "due to changes across the market".
Click to expand...
Their 3 month intro rate is finishing for me soon as well. Interestingly, I expressed interest in a beta of "PayRewards". I have an appointment with them next week.
 
Mattg said:
pay.com.au is increasing its Mastercard & Visa fee by 0.1% for premium members from 1 July "due to changes across the market".
Click to expand...
Not just premium - I could have sworn the free tier had a Mastercard fee of under 1%+GST before.
 
Just found an offer on my Amex platinum card for Sniip. Get 20% back capped at $30 total.

Thought I'd post it here in case anyone wants some extra bonuses on their ATO payments

Stack the statement credit with a referral offer (if you're a new customer) and get an extra $10 off your first bill payment.

So that's up to $40 in total off your first bill payment. The math with both offers combined works out to be get $40 off $150 in bills paid by Sniip. So that's a savings of 26.66%


Link to current referral thread: $10 off bill [Sniip_bill paying platform]


1626740691592.png
 

Become an AFF member!

Join Australian Frequent Flyer (AFF) for free and unlock insider tips, exclusive deals, and global meetups with 65,000+ frequent flyers.

AFF members can also access our Frequent Flyer Training courses, and upgrade to Fast-track your way to expert traveller status and unlock even more exclusive discounts!

AFF forum abbreviations

Wondering about Y, J or any of the other abbreviations used on our forum?

Check out our guide to common AFF acronyms & abbreviations.

Recent Posts

Currently Active Users

Total: 184 (members: 3, guests: 181)
Back
Top