The PAYG Withholding Variation Form (NAT 2036) is available to Australian taxpayers to apply to have the amount of tax their employer normally withholds from their salary or wage or other payment reduced so the can receive more cash in their bank account with each pay instead of waiting for their income tax return refund.

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ATO LINKS

PAYG Withholding Variation information www.ato.gov.au/Forms/PAYG-withholding-variation-ap…

PAYG Withholding Variation instructions and types of deductions -
www.ato.gov.au/forms/payg-withholding-variation-sh…

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ATO LINKS

ATO Tax File Number (TFN) Declaration Form: www.ato.gov.au/forms/tfn-declaration/

ATO Australian Residency Tool: www.ato.gov.au/Calculators-and-tools/Work-out-your…

ATO Marginal Australian income tax rates for Australian and Foreign Residents: www.ato.gov.au/rates/individual-income-tax-rates/

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OTHER INFORMATION
Lodging a PAYG Withholding Variation Form effectively brings forward big tax refunds owing at the END of the tax year to now. This form is commonly used by property and share investors who use many common negative gearing strategies or employees with lots of work related tax deductions, like car allowances, to ensure they have enough cash to pay their bills without waiting for the tax refund they are owed by the Australian Taxation Office (ATO).

DISCLAIMER This video is intended for general information and entertainment only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances. Money with Dan is not liable for any loss caused, whether due to negligence or otherwise arising from the use of. or reliance on, the information provided directly or indirectly, by use of this video.

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