pros and cons for payg variation

Discussion in 'Investment Strategy' started by Synergy, 14th Nov, 2019.

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  1. Synergy

    Synergy Well-Known Member

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    6th Jun, 2019
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    Brisbane
    Is it better to get the weekly deduction which adds extra money to offset weekly compared to waiting til tax time to get one lump sum? As interest is charged daily it makes sense to do a payg form to me?

    What do you guys do?
     
    Synergy, 14th Nov, 2019
    #1
  2. meni

    meni Member

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    22nd Apr, 2016
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    Sydney
    I have a PAYG variation in place. Helps with cashflow. Better in my pocket now than waiting a year for it come tax time.
     
    meni, 14th Nov, 2019
    #2
  3. Synergy

    Synergy Well-Known Member

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    Brisbane
    Do you and your partner do 50/50?
     
    Synergy, 15th Nov, 2019
    #3
  4. Indifference

    Indifference Well-Known Member

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    Depends on individual cashflow position & amount of variation IMO.
     
    Indifference, 15th Nov, 2019
    #4