Simco
Yes I have had a look at it the tax free component is $59k
with taxable component $111k (under the $140k) so tax free.
I tend to think centrelink will add the full amount of it to my annual income but if I claim on July 1 09 will I be liable to repay money for 08/09 year? Eldest uni student starts work in January as has completed studies and centrelink have cut them off end Nov08.
So is the best move still to wait till dec09 ?
Cheers, Reserve
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