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Cant see LAFHA difference
Hi Guys ,
after a bit of to and fro my employer has agreed to give me LAFHA ...so now after my second paycheck (monthly) I'm confused ..pre LAFHA (1st Month ) I had $x amount of dollars paid into my account ..so now employer agree to pay $650 a week LAFHA and $15k a year for food
coming to approx $47K a year in LAFHA for our family ..great or so I thought ...so my salary goes into my account (2nd month) and it clearly states LAFHA but hey its only $200 more than my last month pre LAFHA salary ..and my original contract definitely does not mention LAFHA and I had to fight to get it put on ..Am I imagining or have they simply added up my LAFHA as $xx dollars and taken that much of my salary and then added the LAFHA in and it remains more or less the same ..hoe does LAFHA work should I not get my pre LAFHA salary +LAFHA so my salry now should be annual slary +LAFHA /12 ?
I'm really confused and think the company may now be benefitting at my expense any LAFHA experts out there please help??
Thanks
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Originally Posted by
fattony
Hi Guys ,
after a bit of to and fro my employer has agreed to give me LAFHA ...so now after my second paycheck (monthly) I'm confused ..pre LAFHA (1st Month ) I had $x amount of dollars paid into my account ..so now employer agree to pay $650 a week LAFHA and $15k a year for food
coming to approx $47K a year in LAFHA for our family ..great or so I thought ...so my salary goes into my account (2nd month) and it clearly states LAFHA but hey its only $200 more than my last month pre LAFHA salary ..and my original contract definitely does not mention LAFHA and I had to fight to get it put on ..Am I imagining or have they simply added up my LAFHA as $xx dollars and taken that much of my salary and then added the LAFHA in and it remains more or less the same ..hoe does LAFHA work should I not get my pre LAFHA salary +LAFHA so my salry now should be annual slary +LAFHA /12 ?
I'm really confused and think the company may now be benefitting at my
expense any LAFHA experts out there please help??
Thanks
LAFHA isn't extra money per se. It's a percentage of your existing salary that doesn't get taxed so the take home pay will be a little higher. Are you seeing that now it's added?
Last edited by SupportPants; 15-10-2011 at 09:08 AM.
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That's what I was thinking - you don't get $650 a week/$15k a year added to your pay - these are the amounts you don't pay tax on. See Ian Lindgren's handy post in this thread: http://www.pomsinoz.com/forum/money-...ssumption.html
Mind you $200 doesn't sound much - I'd have thought you'd be looking closer to $1k maybe more in a month? Maybe it was only applied from a certain date so you've only received a proportion for the month?
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Hi Guys,
yip it not even $200 it's actually $92 extra as they backdated it , so 2x 92 ..ie 2 months
Something is most def wrong they even paid me at $xx amount
last month and this month , I got $xx/2 - lastmonths salary + LAFHA allowance .. absolutely all over the place !!
So by my reckoning I'm $92 a month better off with LAFHA
and it's in black in White ie difference between last month ( no LAFHA and this month (LAFHA) somethings seriously amiss .. how cam hourly rate be halved from the original previous month !!
I need a LAFHA expert ro look at this .. anyone ?
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Did you check Ian's post that Paisleylass gave you the link to? He gives a link to an ATO calculator and explains how to use it to check your numbers.
It is not economical to go to bed early to save the candles if the result is twins - Chinese proverb
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