sarvanmehta
Newbie
- Joined
- Dec 5, 2022
- Posts
- 1
What is the benefit of paying using a AMEX credit card to pay ATO incurring 1.45% surcharge when the points redemption value is max 1 cent for each point? Am I missing something which most of you know?
What is the benefit of paying using a AMEX credit card to pay ATO incurring 1.45% surcharge when the points redemption value is max 1 cent for each point? Am I missing something which most of you know?
What is the benefit of paying using a AMEX credit card to pay ATO incurring 1.45% surcharge when the points redemption value is max 1 cent for each point? Am I missing something which most of you know?
For business where deductible, the fee generally has a GST component. So both input tax credit and the balance of the fee can be claimed.Also business costs may be deductibleWhat is the benefit of paying using a AMEX credit card to pay ATO incurring 1.45% surcharge when the points redemption value is max 1 cent for each point? Am I missing something which most of you know?
Regarding Beem, I try to use it with 2 cards. The 1 card that I have been using for a while works fine. But the other card that was recently replaced doesn't work . It seems to me like the error occurs when the card goes to do the 3D Secure, where the card that I have been using with it for a while no longer requires 3D Secure.
There is an update on Beem tonight so might work tomorrow.I foolishly removed and re-added the card which worked for ages. now keeps going into the 3d secure page. still no update from Beem
Pay contributions to your super fund instead to reduce the tax. I am not qualified to offer advice.We have a similar situation as @Stargazer - hubby has to pay over $150k to ato for cgt this year, it will be doubled this amount next year and the year after Been looking at ways to get points for payment, but it seemed no easy and quick way. So we will have to pay via bank transfer!
Thanks, prozac. Since hubby has retired so any super contribution is not tax deductible - our tax accountant keeps saying it! Also, we cannot get an amex cc because we don't have regular income (ie salary) - arrrgh!Pay contributions to your super fund instead to reduce the tax. I am not qualified to offer advice.
Until I see a better option I pay ATO using my Amex.
Get a new accountant! This is from the ATO on personal super contributions, I’m retired and have done this last two years.Thanks, prozac. Since hubby has retired so any super contribution is not tax deductible - our tax accountant keeps saying it! Also, we cannot get an amex cc because we don't have regular income (ie salary) - arrrgh!
Get a new accountant! This is from the ATO on personal super contributions, I’m retired and have done this last two years.
People eligible to claim a deduction for personal contributions include those who get their income from:
More info at Personal super contributions. It’s a bit of a process but definitely can be done.
- salary and wages
- a personal business (for example, people who are self-employed contractors, or freelancers)
- investments (including interest, dividends, rent and capital gains)
- government pensions or allowances
- superannuation
- partnership or trust distributions
- a foreign source.
Thanks, burmans, for the link. I will read it again ...Get a new accountant! This is from the ATO on personal super contributions, I’m retired and have done this last two years.
People eligible to claim a deduction for personal contributions include those who get their income from:
More info at Personal super contributions. It’s a bit of a process but definitely can be done.
- salary and wages
- a personal business (for example, people who are self-employed contractors, or freelancers)
- investments (including interest, dividends, rent and capital gains)
- government pensions or allowances
- superannuation
- partnership or trust distributions
- a foreign source.
It is indeed, though I suspect quite possibly likely to be raised to $30K given recent inflation (it's indexed). Still better than nothing.Definitely not my area of expertise, but this will apply to me well down the track. I thought this was subject to a $27,500pa cap?
Indexation for the contribution cap is tied to Average Weekly Ordinary Time Earnings (AWOTE) unfortunately, not to price inflation.It is indeed, though I suspect quite possibly likely to be raised to $30K given recent inflation (it's indexed). Still better than nothing.
Yeah, suspected this might be the case!Indexation for the contribution cap is tied to Average Weekly Ordinary Time Earnings (AWOTE) unfortunately, not to price inflation.