Advertisement

Student finances 'could be healthier under new tax laws'

Friday, 15 July 2011

Posted by Mozo

University attendees may find their student finances benefit from the government's new carbon package.

Under the new proposals, those in full-time education with part-time jobs and others on the minimum wage who work two days a week may be able to do their job for an extra day, reports the Australian.

From next July, those who use student banking services and work following these criteria will be able to do so without paying any tax on their extra day's earnings.

Sally Linke, a mother from Adelaide's West Beach, told the publication that women with children are also set to benefit from the package, as they will not have to pay taxes until they bring in more than $20,000 a year.

However, the Master Builders Association was less positive about the carbon package, noting that the proposals could increase the cost of building a new property by an average of $5,000 due to the potential rises in material prices.

Have a question about student banking? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800623827-ADNFCR

Back to top

Comments

powered by Disqus

Thanks for signing up.

You'll receive your first issue of Money Zone soon.