Upward variations


Keith is retired and receives an annual superannuation pension income of $25,000. He also receives interest on his term deposit. Keith estimates his interest will be $1,000. So, his estimated taxable income will be $26,000 ($25,000 + $1,000). Keith can apply for a variation to have his withholding rate calculated based on his estimated taxable income of $26,000.

End of example

How to apply for an upward variation

You can arrange an upward variation by entering into an agreement with your payer to vary the rate or amount of withholding. Your request should be in writing, but can be in any format – you can send an email request; or you can use a paper or computer-based form.

See also:

    Last modified: 29 Jun 2016QC 19428