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

    Joined:
    6th Jun, 2019
    Posts:
    164
    Location:
    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?
     
  2. meni

    meni Member

    Joined:
    22nd Apr, 2016
    Posts:
    11
    Location:
    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.
     
  3. Synergy

    Synergy Well-Known Member

    Joined:
    6th Jun, 2019
    Posts:
    164
    Location:
    Brisbane
    Do you and your partner do 50/50?
     
  4. Indifference

    Indifference Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    905
    Location:
    Banana Republic
    Depends on individual cashflow position & amount of variation IMO.
     

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