Lodged this year's tax return

My refund will be a tidy $11,085.
Nowt to buy. Maybe a new small stereo system.

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Never had a Refund Bretrick…Ours for the Year 2023 NIL to Pay…but the UK have taken Taxed now as Pensions have Risen but not the Pay System which is coded to an Allowance Assigned… :confounded:

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Wow. Over your whole life you have never had a refund?
I have had a refund every year I have worked.
As I age, I realise the importance of a nest egg and have been making voluntary contributions to my superannuation.
Hence the large refund.

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We paid in yes, just our dues.We had taxes deducted via our UK System but never paid over so never got any reason to get any refunds…
We paid in privately also for another Pension but nothing connected with the state one…
Also savings in other things!

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That is a hefty refund! I try to edge it closer to zero to keep the money as long as possible, but they figure it out one way or the other. Let us know when you purchase your treat. Sounds like fun!

You have reminded me that I need to get on with the taxes for our homeowners association, which is not a treat. It is technically a non-profit corporation, so I have a different set of rules to apply. Fun, fun.

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I haven’t filled in a tax return virtually since I retired even then it was only to reclaim the tax credits on my fully franked shares, for the last god knows how long the tax department automatically credits those refunds to my bank account each year so I have no need to submit a return.

My superannuation is tax free income but it does count as an asset against my pension.

Many decades ago I used to have myself down for PAYE tax purpose as a single man so that at tax time when I was counted as married I got a large tax return, a lot of people used that as a savings program. I don’t think it works like that now.

When I had investment properties that was a whole different ball game of tax fiddles.

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