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Low income earners may need to lodge

If your taxable income is under the tax-free threshold, you may still need to lodge a tax return. 

Common reasons for this include:

  • had pay as you go (PAYG) withheld from payments received during the year

  • had a reportable fringe benefits amount on their income statement or PAYG payment summary

  • had reportable employer superannuation contributions on their income statement or PAYG payment summary

  • made a loss or can claim a loss made in a previous year

  • were an Australian resident for tax purposes and had exempt foreign employment income and $1 or more of other income

  • were entitled to the private health insurance rebate but did not claim their correct entitlement as a premium reduction

  • were a liable or recipient parent under a child support assessment, unless both of the following applied

    • they received one or more Australian Government allowances, pensions or payments for the whole year

    • their income was less than $25,575.

You should always consult with your licenced tax agent or tax adviser before making any decisions involving your tax situation.

Stu Varidel and Your Choice Financial Planning Pty Ltd trading as Heart Financial Advisers are authorised representatives of Sentry Financial Services Pty Ltd AFSL 286786.

The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any information without considering your personal needs, circumstances and objectives. We recommend you obtain professional financial advice specific to your circumstances. The views expressed here are not ours. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties who are not related to us. These links are provided for convenience only and do not represent any endorsement or approval by us.

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