PAYG instalments how to complete your activity statement

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "PAYG instalments how to complete your activity statement"

Transcription

1 Istructios for busiesses ad ivestors PAYG istalmets how to complete your activity statemet For more iformatio visit NAT

2 Our commitmet to you We are committed to providig you with accurate, cosistet ad clear iformatio to help you uderstad your rights ad etitlemets ad meet your obligatios. If you follow our iformatio i this publicatio ad it turs out to be icorrect, or it is misleadig ad you make a mistake as a result, we must still apply the law correctly. If that meas you owe us moey, we must ask you to pay it but we will ot charge you a pealty. Also, if you acted reasoably ad i good faith we will ot charge you iterest. If you make a hoest mistake i tryig to follow our iformatio i this publicatio ad you owe us moey as a result, we will ot charge you a pealty. However, we will ask you to pay the moey, ad we may also charge you iterest. If correctig the mistake meas we owe you moey, we will pay it to you. We will also pay you ay iterest you are etitled to. If you feel that this publicatio does ot fully cover your circumstaces, or you are usure how it applies to you, you ca seek further assistace from us. We regularly revise our publicatios to take accout of ay chages to the law, so make sure that you have the latest iformatio. If you are usure, you ca check for more recet iformatio o our website at or cotact us. This publicatio was curret at November MORE INFORMATION For a copy of ay of the publicatios referred to i these istructios, or for more iformatio about PAYG istalmets or completig your activity statemet: visit our website at phoe Other activity statemet istructios: PAYG withholdig how to complete your activity statemet (NAT 7394) Wie equalisatio tax how to complete your activity statemet (NAT 7390) Luxury car tax how to complete your activity statemet (NAT 7391) Guide to activity statemets. If you do ot speak Eglish well ad eed help from the ATO, phoe the Traslatig ad Iterpretig Service o If you are deaf, or have a hearig or speech impairmet, phoe the ATO through the Natioal Relay Service (NRS) o the umbers listed below: TTY users, phoe ad ask for the ATO umber you eed Speak ad Liste (speech-to-speech relay) users, phoe ad ask for the ATO umber you eed iteret relay users, coect to the NRS o ad ask for the ATO umber you eed. If you would like further iformatio about the NRS, phoe or Australia Taxatio Office for the Commowealth of Australia, 2012 You are free to copy, adapt, modify, trasmit ad distribute this material as you wish (but ot i ay way that suggests the ATO or the Commowealth edorses you or ay of your services or products). Published by Australia Taxatio Office Caberra November 2012 JS 26169

3 Itroductio Pay as you go (PAYG) istalmets is a system for payig amouts towards your expected ed of year icome tax liability. We work out your actual icome tax liability whe we assess your aual icome tax retur. To make sure your icome tax assessmet takes ito accout the istalmets you ve paid through the year, you must fialise your PAYG istalmets before you lodge your icome tax retur. For more iformatio about PAYG istalmets, refer to Itroductio to pay as you go (PAYG) istalmets (NAT 4637). The dates give i these istructios are based o a balacig date of 30 Jue, which is whe the majority of taxpayers i Australia balace their accouts. Parterships ad activity statemets If you are a parter i a partership, you may receive more tha oe activity statemet. For example, if your partership is registered for goods ad services tax (GST): you ll receive a activity statemet for the partership to report GST, ad each parter may also receive a activity statemet to pay their ow PAYG istalmet. If you are a parter i a partership or a beeficiary of a trust, there are special rules to work out the amout to iclude i your idividual istalmet icome. These rules are explaied i: PAYG istalmets icome parterships (NAT 3494), ad PAYG istalmets icome trusts (NAT 3495). PAYG istalmets how to complete your activity statemet 1

4 Your activity statemet Below is a example of a quarterly activity statemet. Your activity statemet will cotai all of your reportig requiremets ad may ot look exactly like this example. Example: Busiess activity statemet frot This bar code is used by our electroic scaers to idetify your activity statemet. The documet ID is a uique idetifier for each activity statemet you receive. Your Australia busiess umber (ABN) or tax file umber (TFN). This is the optio you complete if you are payig a PAYG istalmet amout otified by us. This is the optio you complete if you pay your PAYG istalmet by calculatig your istalmet icome x istalmet rate. This is where you sig ad date your activity statemet. B Michael Joes 123 Lower Moutais Road MT PLEASANT NSW 2222 Whe completig this form: prit clearly usig a black pe roud dow to whole dollars (do ot show cets) if reportig a zero amout, prit 0 (do ot use NIL) leave boxes blak if ot applicable (do ot use N/A, NIL) do ot report egative figures or use symbols such as +,, /, $. PAYG icome tax istalmet For the quarter from 1 Jul 2012 to 30 Sep 2012 Complete Optio 1 OR 2 (idicate oe choice with a X) Optio 1: Pay a PAYG istalmet amout quarterly From XXXX ATO istalmet amout T7 $ 5400 ameded assessmet Write the T7 amout at 5A. If varyig the T7 amout, see over. OR Optio 2: Calculate PAYG istalmet usig icome times rate PAYG istalmet icome T1 $,,,.00 Notioal tax of ATO istalmet rate T % $XXX,XXX,XXX from your XXXX ameded assessmet Write the result of T1 x T2 at 5A. If varyig the T2 rate, see over. Paymet or refud? Office use oly Documet ID Form due o Paymet due o Cotact phoe umber Authorised cotact perso who completed the form Amouts you owe the ATO PAYG icome tax istalmet Deferred compay/fud istalmet 5A $,,,.00 7 $,,,.00 5A + 7 8A $,,,.00 Amout the ATO owes you Credit from PAYG icome tax istalmet variatio B $,,,.00 Is 8A more tha 5B? Your paymet or refud amout Yes, the write the result of 8A mius 5B at 9. (idicate with X) This amout is payable to the ATO. 9 $,,,.00 No, the write the result of 5B mius 8A at 9. This amout is Do ot use symbols such as +,, /, $ refudable to you (or offset agaist ay other tax debt you have). Declaratio I declare that the iformatio give o this form is true ad correct, ad that Retur this completed form to HRS MINS I am authorised to make this declaratio. Australia Taxatio Office Locked Bag 1793 Estimate the time take to complete this form. Iclude the time take to Sigature Date / / PENRITH NSW 1793 collect ay iformatio. Activity statemet istructios are available from or ca be ordered by phoig The ATO is authorised by the tax laws to collect this iformatio to admiister those laws ad may pass iformatio to other govermet agecies. More iformatio about privacy ad access to your tax iformatio is available from NAT [JS 20301] PAYMENT ADVICE - 59 Michael Joes TFN ATO code July to September Oct Oct 2012 ABN This is the reportig period that the activity statemet covers. It s usually a moth or a quarter. These are importat dates. They idicate whe you have to lodge your activity statemet ad whe you have to make a paymet. These are your cotact details. We use this iformatio to cotact you if there is a problem with your activity statemet. This is the sectio where you summarise your reportig obligatios ad calculate whether you are due a refud or you eed to pay. This is the paymet advice that you use whe makig a paymet. Amout paid Australia Taxatio Office Locked Bag 1793 PENRITH NSW 1793 EFT code To make sure we sca your activity statemet correctly: use a black pe leave boxes blak if they do t apply to you, uless we ask you to write 0 roud dow to whole dollars (do t show cets) do t report egative figures or use symbols such as +,-,/,$, ad do t write ay additioal iformatio o your activity statemet cotact us if your details have chaged. 2 PAYG istalmets how to complete your activity statemet

5 your activity statemet Example: Busiess activity statemet rear Variatio codes (T4) Reaso for varyig T4 code Chage i ivestmets 21 Curret busiess structure ot cotiuig 22 Sigificat chage i tradig coditios 23 Iteral busiess restructure 24 Chage i legislatio or product mix 25 Fiacial market chages 26 Use of icome tax losses 27 Optio 1: PAYG istalmet amout If varyig the T7 amout, complete T8, T9, T4 Reaso code for variatio OR Estimated tax for the year Varied amout payable for the quarter T4 Optio 2: PAYG istalmet rate If varyig the T2 rate, complete T3, T11, T4 New varied rate T3. % Reaso code for variatio T8 $,,,.00 T9 $ T3 x T1 T11 $ T4,,,.00 Write the T9 amout at 5A o the frot,,,.00 Write the T11 amout at 5A o the frot You also eed to complete these details if you wat to vary the PAYG istalmet amout otified by us. You also eed to complete these details if you wat to vary the PAYG istalmet rate otified by us. BPAY : cotact your fiacial istitutio to make this paymet from your cheque or savigs accout. Quote biller code ad your EFT code (show o the frot of the paymet slip) as the customer referece umber. Credit card: paymets ca be made olie or by phoe, a card paymet fee applies. Go to or phoe Direct credit: you ca electroically trasfer fuds to the ATO s direct credit bak accout usig olie bakig facilities. Use BSB , Accout umber ad your EFT code. Phoe for assistace if required. Methods of paymet Direct debit: have your paymet deducted from your fiacial istitutio accout (ot credit cards). Phoe to orgaise a direct debit or to get further iformatio. Mail paymets: mail the paymet slip together with your cheque or moey order usig the evelope provided. Please do ot use pis or staples. Do ot sed cash. See below for cheque iformatio. Post office: paymets ca be made at ay post office by cash, cheque or EFTPOS (where available ad subject to daily limits). A $3,000 limit applies to cash paymets. Your paymet slip must be preseted with your paymet. Cheques/moey orders should be for amouts i Australia dollars ad payable to Deputy Commissioer of Taxatio. Cheques should be crossed Not Negotiable. Paymets caot be made i perso at ay ATO site or shopfrot. PAYG istalmets how to complete your activity statemet 3

6 Reportig optios This sectio outlies the optios for reportig PAYG istalmets. Geerally, if you have busiess or ivestmet icome, you will pay PAYG istalmets quarterly or aually. You must choose your reportig optio by the due date of your first activity statemet for the icome year. You caot chage that optio util the first quarter of the ext icome year. If you have already chose a optio, there will be a pre-prited X i the box ext to that optio. If you have ot made a valid choice by the due date, the default optio will apply. If you paid PAYG istalmets last year, you will default to the same optio you used last year (assumig you are still eligible for it). If this is the first year that you are payig PAYG istalmets, you will default to optio 1 (payig a istalmet amout) if you are eligible for it. Report ad pay a PAYG istalmet aually If you choose to pay a aual PAYG istalmet, your choice remais i place idefiitely uless your circumstaces chage or you tell us that you o loger wish to pay aually. to calculate your quarterly istalmet amout. This optio also meas you will kow the amout of your istalmet each quarter, which may help you to pla ad budget for the paymet. Varyig your istalmet amout If you thik that usig the pre-prited amout at T7 will result i you payig more (or less) tha your expected tax liability for the year, you ca vary it. You may be liable to pay the geeral iterest charge if you vary your PAYG istalmet amout dow, ad ed up payig less tha 85% of the actual tax that you should have paid o your busiess ad ivestmet icome. Primary producers ad special professioals (such as sports professioals ad authors) Eligible primary producers ad special professioals who choose optio 1 pay oly two istalmets istead of four. Uder this arragemet you geerally pay 75% of your aual PAYG istalmet liability with your activity statemet for quarter three (Jauary to March) ad the remaider with your quarter four activity statemet (April to Jue). For more iformatio o aual reportig, refer to Payig your aual PAYG istalmet (NAT 9411) or cotact us o Report ad/or pay PAYG istalmets quarterly Eligible quarterly PAYG istalmet payers ca choose from the two reportig optios outlied below. Your quarter oe activity statemet will cotai a box ext to each of the optios available to you. Place a X i the box ext to the optio you choose. If you have already chose a optio, there will be a pre-prited X i the box ext to that optio. Optio 1: Pay a PAYG istalmet amout quarterly Optio 1 is available to: all idividuals compaies ad superauatio fuds with busiess or ivestmet icome of $2 millio or less i their last icome tax retur, ad compaies ad superauatio fuds that are eligible to pay a aual PAYG istalmet. Uder optio 1, we calculate the amout you eed to pay based o the busiess ad ivestmet icome show o your most recet icome tax retur (adjusted by a gross domestic product (GDP) amout). You do t eed to kow how much icome you are earig to work out your istalmet amout. This is a good optio if you have difficulty gatherig iformatio i time For more iformatio, refer to PAYG istalmets for primary producers ad special professioals (NAT 4352). Optio 2: Calculate PAYG istalmet usig icome times rate This optio is available to all taxpayers. Uder optio 2, the amout you pay is based o your actual busiess ad ivestmet icome for the quarter, istead of a estimate based o your previous tax situatio. This may help your cash flow because istalmets go up ad dow i lie with fluctuatios i your actual icome. Varyig your istalmet rate If you thik that usig the pre-prited rate at T2 will result i you payig more (or less) tha your expected tax liability for the year, you ca vary it. You may be liable to pay the geeral iterest charge if you vary your PAYG istalmet amout dow, ad ed up payig less tha 85% of the actual tax that you should have paid o your busiess ad ivestmet icome 4 PAYG istalmets how to complete your activity statemet

7 PAYG istalmet optio 1 labels Eligible primary producers ad special professioals who pay two istalmets should use the Two istalmets aually eligible primary producers ad special professioals table. If the result is a positive amout, write it at T9. If it s a egative amout or zero, write 0 at T9. T7 ATO istalmet amout If you choose optio 1, T7 will show a amout worked out by us. If you wat to pay this amout, copy it to 5A (PAYG icome tax istalmet) o your activity statemet. If you thik that usig the pre-prited amout will result i you payig more (or less) tax tha your expected tax for the year, you ca vary it. To vary your istalmet amout, you must fill i T8, T9 ad T4. T7 could also be your most recet varied amout if you have varied the istalmet amout i a previous quarter i the same icome year. I some cases, we may sed you a istalmet otice rather tha a activity statemet. If you do ot wish to vary the pre-prited istalmet amout(s), you oly eed to pay the amout show by the due date ad you do ot eed to lodge the otice. The istalmet otices are: quarterly PAYG istalmet otice (idetified by a R i the top left had corer) quarterly GST ad PAYG istalmet otice (idetified by a T i the top left had corer), ad aual PAYG istalmet otice (idetified by a N i the top left had corer). T8 Estimated tax for the year If you wat to vary your PAYG istalmet amout, you must first estimate the tax you expect to pay o your busiess ad ivestmet icome for the year. Write this figure at T8. T9 Varied amout for the quarter Use the followig Four istalmets aually table to calculate the amout at T9. If it s a egative amout, you may wish to claim a credit at 5B Credit from PAYG icome tax istalmet variatio. Four istalmets aually If the istalmet quarter is: The first i the icome year for which you must pay a istalmet Your secod for that icome year Your third for that icome year Your fourth for that icome year Your varied istalmet amout is: 25% of your estimated tax from T8 for the icome year. 50% of your estimated tax from T8 for the icome year, less the amout of your first quarter istalmet. 75% of your estimated tax from T8 for the icome year, less the amout of your first ad secod quarter istalmets, plus ay credit you claimed for the secod istalmet (amouts reported at 5B o a previous activity statemet). 100% of your estimated tax from T8 for the icome year, less the amout of your first, secod ad third quarter istalmets, plus ay credit you claimed for the secod ad third istalmets (amouts reported at 5B o a previous activity statemet). if you are subtractig a previous quarter istalmet as part of your calculatio: use the varied istalmet amout if that quarter was varied, ad subtract the amout whether you have paid the istalmet or ot. PAYG istalmets how to complete your activity statemet 5

8 PAYG istalmet OPTION 1 labels Two istalmets aually eligible primary producers ad special professioals If the istalmet is due i: April July Your varied istalmet amout is: 75% of your estimated tax for the icome year. 100% of your estimated tax from the icome year, less the amout of your April istalmet. If we first otify you of a istalmet rate durig the secod, third or fourth quarters of the icome year ad you choose to vary your istalmet amout, you will eed to exclude the earlier quarters whe you work out your varied istalmet amout. This will result i a lesser amout. Refer to How to vary pay as you go (PAYG) istalmets (NAT 4159) for further iformatio. T4 Reaso code for variatio If you ve varied your PAYG istalmet amout, you must tell us why. Choose the reaso from the table below that best describes why ad write the correspodig code at T4. Reaso Code Chage i ivestmets 21 Curret busiess structure ot cotiuig 22 Sigificat chage i tradig coditios 23 Iteral busiess restructure 24 Chage i legislatio or product mix 25 Fiacial market chages 26 Use of icome tax losses 27 Cosolidatios 33 5A PAYG icome tax istalmet Copy the amout at T7 (or T9 if you are varyig) to 5A o your activity statemet. This is the total amout of your PAYG istalmet for the quarter. If your oly obligatio is PAYG istalmets, you ca write 0 at 5A if your istalmet amout for the period covered by the activity statemet is $50 or less. 5B Credit from PAYG icome tax istalmet variatio If you decided to vary your istalmet amout ad the amout of the istalmet worked out at T9 is egative, you may be etitled to a credit from earlier istalmets for the same icome year. We offset this credit agaist your other liabilities o your activity statemet. We iclude it i your et obligatios amout at 9 i the Paymet or refud? sectio of your activity statemet. If the istalmet you are varyig is your first for the icome year, you ca t claim a credit. Eve if you are etitled to a credit, you do t have to claim it i your activity statemet. If your total istalmets for the year are more tha the tax o your busiess ad ivestmet icome, we will credit you with the overpaymet whe we assess your aual icome tax retur. To claim a credit where the amout worked out at T9 is egative, copy the amout at T9 to 5B. If you thik you may be etitled to a credit ad wish to claim it o your activity statemet, refer to How to vary pay as you go (PAYG) istalmets (NAT 4159). 6 PAYG istalmets how to complete your activity statemet

9 PAYG istalmet optio 2 labels T1 PAYG istalmet icome Work out your istalmet icome for the quarter ad write this at T1. If you do t have ay istalmet icome for the period, write 0. Iclude at T1 all ordiary icome you eared from your busiess or ivestmet activities for the quarter (excludig GST) such as: goods or services that you sell or supply iterest received or credited to your bak accout gross ret divideds paid or reivested o your behalf (do ot iclude imputatio credits) royalties gross amout of icome where tax has bee withheld because you did ot provide your tax file umber or Australia busiess umber foreig pesios that are assessable i Australia your proportio of ay partership or trust icome, withdrawals from farm maagemet deposits (if you make a farm maagemet deposit, your istalmet icome for that period is reduced) fuel tax credits ad Taxatio of fiacial arragemets (TOFA) made up of total TOFA gais less TOFA losses but oly iclude if this is a positive amout. loas received ower s capital grats uder the product stewardship (oil) beefit ad the cleaer fuels grat scheme amouts trasferred betwee accouts imputatio (frakig) credits iterest or other earigs credited to a first home saver accout that you hold or a paymet to you from such a accout, or govermet cotributios paid uder the First Home Saver Accout Act Do t reduce your istalmet icome by ay allowable deductios that you icur i derivig the icome. The allowable deductios that you claimed i your most recetly assessed icome tax retur will be reflected i your istalmet rate calculated by us. You ca vary your istalmet rate if you thik that usig the rate provided will result i you payig more (or less) tha your expected tax for the icome year. T2 Istalmet rate The rate pre-prited at T2 will be either: the istalmet rate worked out by us, or your most recet varied rate if you have varied the istalmet rate i a previous quarter i the same icome year. If you wat to use the rate pre-prited at T2, multiply the amout show at T1 by this rate. Write the result at T11. To vary the istalmet rate, you must fill i T3 ad T4. For more iformatio, refer to: PAYG istalmets parterships (NAT 3494), ad PAYG istalmets trusts (NAT 3495). Do t iclude at T1: Capital gais GST, wie equalisatio tax or luxury car tax you collected iput tax credits ay icome (such as salary, wages or icome subject to a PAYG volutary agreemet) where amouts have bee withheld or should have bee withheld (other tha icome that a amout has bee withheld from because you did ot provide your tax file umber or Australia busiess umber) T3 New varied rate If you wat to vary your istalmet rate, write your ew rate at T3. For more iformatio, refer to How to vary pay as you go (PAYG) istalmets (NAT 4159). PAYG istalmets how to complete your activity statemet 7

10 PAYG istalmet OPTION 2 labels T4 Reaso code for variatio If you vary your istalmet rate, choose a reaso from the list below that best describes why ad write the appropriate code at T4. Reaso Code Chage i ivestmets 21 Curret busiess structure ot cotiuig 22 Sigificat chage i tradig coditios 23 Iteral busiess restructure 24 Chage i legislatio or product mix 25 Fiacial market chages 26 Use of icome tax losses 27 Cosolidatios 33 There is o eed to vary just because your icome has goe up or dow sice your last quarter. The istalmet rate is a percetage, so the amout you pay will go up or dow i keepig with your icome. For example, if your ivestmet ad busiess icome for the quarter is zero, the amout you pay will also be zero, regardless of your istalmet rate. T11 T1 T2 (or T1 T3) Multiply the amout at T1 by either: the istalmet rate pre-prited at T2, or if you vary the rate, your ew varied rate that you wrote at T3. Write the result at T11. Example I the first quarter of the icome year, you are offered a choice of optios. You decide to use optio 2 ad you place a X i the optio 2 box. Your icome for the quarter is: total sales of $22,000 (icludig $2,000 GST), ad iterest ad divideds received of $100. Your istalmet icome is $20,100 (that is $22,000 less $2,000 GST plus $100 other icome). Write the figure 20,100 at T1. Our calculated istalmet rate pre-prited o your activity statemet at T2 is 1.7%. You calculate the istalmet amout to pay as follows: T1 T2 = $20, % = $ Write the figure 341 at T11. Copy the figure 341 to 5A. X A PAYG icome tax istalmet Copy the amout at T11 to 5A o your activity statemet. This is the amout of your PAYG istalmet for the quarter. You ca write 0 at 5A istead of your istalmet amout if: your istalmet amout for the period covered by the activity statemet is $50 or less you are ot claimig a credit at 5B, ad PAYG istalmets is your oly obligatio PAYG istalmets how to complete your activity statemet

11 PAYG istalmet OPTION 2 labels Use the followig table to calculate the amout of credit you ca claim at 5B. 5B Credit from PAYG icome tax istalmet variatio If you have decided to use a varied istalmet rate ad your varied istalmet rate at T3 is less tha the istalmet rate pre-prited at T2, you may be etitled to a credit from earlier istalmets for the same icome year. A credit will oly be available if the earlier istalmets were worked out usig a higher istalmet rate. We offset this credit agaist ay other tax liabilities o your activity statemet. This is icluded i your et tax paymet or refud amout at 9 i the Paymet or refud? sectio of your activity statemet. If the istalmet you are varyig is your first for the icome year, you ca t claim a credit. 1 Add up your earlier istalmets (the amouts reported at 5A) eve if you have t paid all of them 2 Add up ay credits claimed i previous quarters (amouts reported at 5B o a previous activity statemet) 3 Subtract the amout at step 2 from step 1 4 Add up istalmet icome for all earlier quarters of the icome year 5 Multiply the amout at step 4 by the varied istalmet rate 6 Subtract the amout at step 5 from the amout at step 3 7 If the result is a positive amout, this is the amout of credit that may be claimed at 5B $100 $0 $100 $1,000 $1,000 5% =$50 $100 $50 =$50 $50 Eve if you are etitled to a credit, you do t have to claim it i your activity statemet. If your total istalmets for the year are more tha the tax o your busiess ad ivestmet icome, we will credit you with the overpaymet whe we assess your aual icome tax retur. If you thik you may be etitled to a credit ad wish to claim it o your activity statemet, refer to How to vary pay as you go (PAYG) istalmets (NAT 4159). If you are etitled to a credit for a previous istalmet ad wish to claim it o your activity statemet, write the credit amout at 5B. Example We otify you that your istalmet rate will be 10% for the first quarter. You multiply this rate by your istalmet icome of $1,000, resultig i a istalmet paymet of $100. For the secod quarter you choose to vary the istalmet rate to 5%. You multiply your curret istalmet icome of $1,000 by the varied rate, resultig i a istalmet paymet of $50. You the decide to claim a credit to put you i the positio that you would have bee i if your istalmet rate had always bee 5%. PAYG istalmets how to complete your activity statemet 9

12 Lodgig ad payig The due date for lodgig ad payig is pre-prited at the top right had corer of your activity statemet. You ca lodge ad pay electroically, by mail or i perso, but you eed to do it o time to avoid iterest ad pealties. Eve if you have o amouts to report for the period, or are havig difficulty payig, it s still importat to make sure we receive your activity statemet by the due date. How to lodge Electroically You ca lodge electroically usig oe of the followig: Busiess Portal stadard busiess reportig (SBR) electroic commerce iterface (ECI) over the iteret, or your registered aget. For more iformatio o electroic lodgmet, visit: or phoe us o for busiess tax equiries or for persoal tax equiries the SBR website. By mail Mail your origial, completed activity statemet with your cheque usig the pre-addressed evelope provided. If you misplace the evelope, you ca sed your activity statemet to: VIC, TAS, WA, SA, NT NSW, QLD, ACT Australia Taxatio Office Locked Bag 1936 Albury NSW 1936 Australia Taxatio Office Locked Bag 1793 Perith NSW 1793 It s importat that you sed your origial activity statemet, ot a copy or a versio geerated from a commercial software package. If you do use a commercial package, make sure you copy the iformatio oto your origial statemet. How to pay We offer you a rage of coveiet paymet optios BPAY Make a paymet directly from your cheque or savigs accout to us usig your fiacial istitutio s telephoe or iteret bakig service. Use Biller code The BPAY referece umber is the EFT code o your activity statemet. Credit card Make a credit card paymet coditios apply. You ca make credit card paymets o lie or over the phoe. To pay o lie go to to pay over the phoe call To make credit card paymets you will eed to supply your EFT or PRN from your paymet slip. Direct Credit Trasfer your paymet to us olie from your cheque or savigs accout. You ca trasfer fuds directly to the ATO usig iteret bakig or a computer based bakig software package. Direct debit Have your paymet automatically deducted from your cheque or savigs accout. You will eed to complete a direct debit request to have your paymet electroically deducted from your omiated bak accout. Mail Mail your paymet slip together with a cheque or moey order to us. You ca sed a cheque usig the pre-addressed evelope provided. Be sure to iclude the origial paymet advice slip if you have lodged your activity statemet electroically. Make cheques payable to the Deputy Commissioer of Taxatio ad cross them Not egotiable. Do t attach your cheque with pis or staples ad do t sed cash. Registered to BPAY Pty Ltd ABN PAYG istalmets how to complete your activity statemet

13 Lodgig ad payig Australia Post Pay by cash (up to $3,000), cheque or EFTPOS at your Post Office (subject to daily limits). Your origial paymet slip must be preseted with your paymet. To order additioal or replacemet paymet slips, phoe If you make a paymet at Australia Post, or you pay electroically, you must still sed your completed activity statemet to us either by mail or electroically, uless we advise you otherwise o the form. For more iformatio about direct credit, credit card or BPAY: phoe betwee 8.00am ad 6.00pm, Moday to Friday, or For more iformatio about BPAY, cotact your fiacial istitutio. For more iformatio about direct debit: phoe betwee 8.00am ad 6.00pm, Moday to Friday, or What if I ca t lodge ad pay o time? You must phoe us o to check whether alterative arragemets ca be made. You must still lodge your activity statemet by the due date, eve if you ca t pay o time. The geeral iterest charge will apply to ay amout ot paid by the due date. A pealty may also apply if you fail to lodge o time. Expectig a refud? Geerally, if you have a Australia busiess umber (ABN), we ca oly pay refuds directly ito your properly omiated fiacial istitutio accout, so it s essetial that we have your correct accout ad brach (BSB) umbers. Your omiated accout must be at a brach of the istitutio i Australia. Geerally this accout must be held by you or you ad aother taxpayer or your registered aget. Cotact us o if you eed to chage your fiacial istitutio accout details. You will eed to provide proof of idetity. This icludes either your tax file umber, ABN or ame ad specific idetifiers (such as iformatio from a previously geerated tax otice). If you do t have a ABN, we will pay your refud by cheque. We may ot issue a refud if you have ot lodged a previous activity statemet or if you have provided icorrect bak details. If you are due a refud, we may apply it to offset ay taxatio debt (regardless of whether it is due ad payable) ad/or ay other due ad payable Australia Govermet debt that you may have, such as a Child Support Agecy debt. PAYG istalmets how to complete your activity statemet 11

14 Checklist Have you: filled i the PAYG istalmet boxes that apply to you? checked your calculatios? copied amouts correctly betwee boxes? You may eed to: complete ay other sectios that apply to you ad copy the totals to the summary sectio calculate whether you must make a paymet or if you re etitled to a refud complete the paymet or refud details, ad/or cotact us to update your address (refer to How do I update my address?). You must: sig ad date your activity statemet lodge your origial activity statemet by the due date, ad pay ay amouts you owe by the due date. Record keepig You should keep a copy of your activity statemet, ad the records you used to prepare it, for five years after they are prepared, obtaied or the trasactios completed (whichever is the later). These records must be i writig ad i Eglish. Iformatio stored o magetic tape or computer disk is ot i a writte form such records must be i a form that is readily accessible ad easily coverted ito Eglish. If you do ot have access to a photocopier, you ca dowload a copy of the form from copy the iformatio from your origial activity statemet oto this form ad file it for your records. Frequetly asked questios Do I still eed to lodge a aual icome tax retur? Yes. PAYG istalmets is a system for payig amouts towards your expected ed-of-year icome tax liability. We work out your actual tax liability whe we assess your aual icome tax retur. We credit your PAYG istalmets for the year agaist your assessmet ad work out whether you owe more tax or are due a refud. To make sure you receive the correct amout of credit i your assessmet, you must fialise your PAYG istalmets before you lodge your tax retur. How do I work out my istalmet icome at T1? This amout should iclude all ordiary icome eared from busiess or ivestmet activities for the quarter (excludig GST). For details of what istalmet icome icludes, refer to T1 PAYG istalmet icome. Do I iclude amouts I received from fuel grats i my istalmet icome at T1? No. You do t iclude these amouts at T1. What is the istalmet rate prited at T2? If this is your first PAYG istalmet for the icome year, we calculate a istalmet rate for you ad pre-prit it at T2. If this is ot your first PAYG istalmet for the icome year, the istalmet rate at T2 will be either: the istalmet rate calculated by us, or the varied istalmet rate you otified o a previous activity statemet. I was told I could get a credit for previous istalmets if my istalmet rate chages. Is this correct? You may be etitled to a credit from earlier istalmets i the same icome year if you have varied your istalmet rate ad the rate you have writte at T3 is less tha the istalmet rate pre-prited at T2. You ca oly claim credits if you have varied your istalmet rate ad your earlier istalmets i that icome year were based o a higher istalmet rate. You may also be etitled to a credit if you use optio 1 ad vary your istalmet amout. For more iformatio, refer to 5B Credit from PAYG icome tax istalmet variatio. 12 PAYG istalmets how to complete your activity statemet

15 Frequetly asked questios Why have I received a istalmet rate whe my busiess is o loger tradig? Your istalmet rate is based o your most recetly assessed icome tax retur. Geerally, if you are a idividual ad your last icome tax retur showed $2,000 or more of icome from busiess or ivestmets ad you had a tax debt of $500 or more (disregardig ay volutary paymets or PAYG istalmet credits that were applied), you will be give a istalmet rate. Most compaies ad superauatio fuds must pay istalmets, uless they have lodged a fial retur. If you are usig the optio 1 istalmet amout ad your busiess is o loger tradig, you may wish to vary your istalmets to reflect the tax you expect to pay o your busiess ad ivestmet icome for the year. You ca vary to zero if you thik you will have o busiess or ivestmet icome this year. If you are usig the istalmet icome x rate (optio 2) to work out your istalmets ad your busiess is o loger tradig, your istalmet icome for the period is likely to be zero. As a result, your istalmet will be also be zero. You will be removed from the PAYG istalmets system after lodgmet of the fial icome tax retur for your busiess. What if I make a mistake? You ca correct a mistake by strikig it out i black pe. Write the ew iformatio as close as possible to the boxes for the label. You ca also use tape whiteout to correct errors. Do ot use liquid whiteout this causes problems with scaig which will delay the processig of your activity statemet. What if I oly realised the mistake after lodgig my activity statemet? Usually, you eed to lodge a revised activity statemet phoe us o to obtai a revised activity statemet form. Revised activity statemets are also available from the Busiess Portal, if you are a registered user. How do I update my address? To esure you receive the correct mail for each of your tax obligatios i a timely maer, we ecourage you to esure the address details we have for you are correct. To update your address for receivig activity statemets, you ca phoe us o or log o to the Busiess Portal. To register for the Busiess Portal, or for more iformatio, visit or phoe us o for Persoal Tax equiries or for Busiess Tax equiries. Ca I make a volutary paymet? Yes. But you do t make volutary paymets o your activity statemet. If you have a electroic fuds trasfer (EFT) code, you ca make a volutary paymet by BPAY or by direct credit. If you do t have a EFT code, phoe us o for help. Alteratively, you ca mail your paymet to: VIC, TAS, WA, SA, NT NSW, QLD, ACT Australia Taxatio Office Locked Bag 1936 Albury NSW 1936 Australia Taxatio Office Locked Bag 1793 Perith NSW 1793 It s very importat that you iclude the followig iformatio with your volutary paymet: paymet type for example, PAYG istalmet paymet your ABN or tax file umber your full ame ad address (as show o the frot of your activity statemet), ad a cotact phoe umber, icludig the area code. PAYG istalmets how to complete your activity statemet 13

16

Current Year Income Assessment Form

Current Year Income Assessment Form Curret Year Icome Assessmet Form Academic Year 2015/16 Persoal details Perso 1 Your Customer Referece Number Your Customer Referece Number Name Name Date of birth Address / / Date of birth / / Address

More information

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place.

PENSION ANNUITY. Policy Conditions Document reference: PPAS1(7) This is an important document. Please keep it in a safe place. PENSION ANNUITY Policy Coditios Documet referece: PPAS1(7) This is a importat documet. Please keep it i a safe place. Pesio Auity Policy Coditios Welcome to LV=, ad thak you for choosig our Pesio Auity.

More information

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

Information about Bankruptcy

Information about Bankruptcy Iformatio about Bakruptcy Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea What is the? The Isolvecy Service of Irelad () is a idepedet

More information

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares ISA for the tax year 20 /20 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form IFSL Brooks Macdoald Fud Stocks & Shares ISA Trasfer Applicatio Form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

How to use what you OWN to reduce what you OWE

How to use what you OWN to reduce what you OWE How to use what you OWN to reduce what you OWE Maulife Oe A Overview Most Caadias maage their fiaces by doig two thigs: 1. Depositig their icome ad other short-term assets ito chequig ad savigs accouts.

More information

MainStay Funds IRA/SEP/Roth IRA Distribution Form

MainStay Funds IRA/SEP/Roth IRA Distribution Form MaiStay Fuds IRA/SEP/Roth IRA Distributio Form Do ot use for IRA Trasfers or SIMPLE IRA INSTRUCTIONS Before completig this form, please refer to the applicable Custodial Agreemet ad Disclosure Statemet

More information

Enhance Your Financial Legacy Variable Annuities with Death Benefits from Pacific Life

Enhance Your Financial Legacy Variable Annuities with Death Benefits from Pacific Life Ehace Your Fiacial Legacy Variable Auities with Death Beefits from Pacific Life 9/15 20188-15C FOR CALIFORNIA As You Pla for Retiremet, Protect Your Loved Oes A Pacific Life variable auity ca offer three

More information

For customers Key features of the Guaranteed Pension Annuity

For customers Key features of the Guaranteed Pension Annuity For customers Key features of the Guarateed Pesio Auity The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide whether

More information

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B PFF2 2015/16 Assessmet of Fiacial Circumstaces For parets ad parters of studets SFE/PFF2/1516/B /SF_Eglad /SFEglad Who should complete this form? Complete this form if you are: The studet s atural or adoptive

More information

Amendments to employer debt Regulations

Amendments to employer debt Regulations March 2008 Pesios Legal Alert Amedmets to employer debt Regulatios The Govermet has at last issued Regulatios which will amed the law as to employer debts uder s75 Pesios Act 1995. The amedig Regulatios

More information

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life Ehace Your Fiacial Legacy Variable Auity Death Beefits from Pacific Life 7/15 20172-15B As You Pla for Retiremet, Protect Your Loved Oes A Pacific Life variable auity ca offer three death beefits that

More information

Shareholder Information Brochure

Shareholder Information Brochure The Ivestor Service ad Automatic Divided Reivestmet Program for Shareholders of Johso & Johso Shareholder Iformatio Brochure The Program is sposored ad admiistered by Computershare Trust Compay, N.A.,

More information

Basic Current Account

Basic Current Account Curret Accouts Basic Curret Accout Applicatio form Please fill i the form usig BLOCK CAPITALS ad black ik. Tick ay boxes which apply. Satader is able to provide literature i alterative formats. The formats

More information

Revised Special Terms & Conditions

Revised Special Terms & Conditions Call: 0191 505 0033* Lies are ope betwee 9am to 6pm Moday to Friday (excludig UK bak holidays) Email us: customerservice@highyieldaccout.co.uk** Write to us: High Yield Vaquis Bak, Freepost RSGY-CKJA-BKCS,

More information

FM4 CREDIT AND BORROWING

FM4 CREDIT AND BORROWING FM4 CREDIT AND BORROWING Whe you purchase big ticket items such as cars, boats, televisios ad the like, retailers ad fiacial istitutios have various terms ad coditios that are implemeted for the cosumer

More information

.04. This means $1000 is multiplied by 1.02 five times, once for each of the remaining sixmonth

.04. This means $1000 is multiplied by 1.02 five times, once for each of the remaining sixmonth Questio 1: What is a ordiary auity? Let s look at a ordiary auity that is certai ad simple. By this, we mea a auity over a fixed term whose paymet period matches the iterest coversio period. Additioally,

More information

Savings and Retirement Benefits

Savings and Retirement Benefits 60 Baltimore Couty Public Schools offers you several ways to begi savig moey through payroll deductios. Defied Beefit Pesio Pla Tax Sheltered Auities ad Custodial Accouts Defied Beefit Pesio Pla Did you

More information

Statement of cash flows

Statement of cash flows 6 Statemet of cash flows this chapter covers... I this chapter we study the statemet of cash flows, which liks profit from the statemet of profit or loss ad other comprehesive icome with chages i assets

More information

Comparing Credit Card Finance Charges

Comparing Credit Card Finance Charges Comparig Credit Card Fiace Charges Comparig Credit Card Fiace Charges Decidig if a particular credit card is right for you ivolves uderstadig what it costs ad what it offers you i retur. To determie how

More information

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized?

5.4 Amortization. Question 1: How do you find the present value of an annuity? Question 2: How is a loan amortized? 5.4 Amortizatio Questio 1: How do you fid the preset value of a auity? Questio 2: How is a loa amortized? Questio 3: How do you make a amortizatio table? Oe of the most commo fiacial istrumets a perso

More information

For customers Income protection the facts

For customers Income protection the facts For customers Icome protectio the facts We ve desiged this documet to give you more iformatio about our icome protectio beefits. It does t form part of ay cotract betwee you ad/or us. This iformatio refers

More information

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated.

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated. Itroducig Your New Wells Fargo Trust ad Ivestmet Statemet. Your Accout Iformatio Simply Stated. We are pleased to itroduce your ew easy-to-read statemet. It provides a overview of your accout ad a complete

More information

Financial Service Guide (FSG)

Financial Service Guide (FSG) Fiacial Service Guide (FSG) Effective date: 06 August 2015 icorporatig member product guide Savigs Term Deposits Paymet Services Isurace Home Loas Credit Facilities Police Bak Ltd ABN 95 087 650 799. AFSL/Australia

More information

How to read A Mutual Fund shareholder report

How to read A Mutual Fund shareholder report Ivestor BulletI How to read A Mutual Fud shareholder report The SEC s Office of Ivestor Educatio ad Advocacy is issuig this Ivestor Bulleti to educate idividual ivestors about mutual fud shareholder reports.

More information

A Guide to the Pricing Conventions of SFE Interest Rate Products

A Guide to the Pricing Conventions of SFE Interest Rate Products A Guide to the Pricig Covetios of SFE Iterest Rate Products SFE 30 Day Iterbak Cash Rate Futures Physical 90 Day Bak Bills SFE 90 Day Bak Bill Futures SFE 90 Day Bak Bill Futures Tick Value Calculatios

More information

Handling. Collection Calls

Handling. Collection Calls Hadlig the Collectio Calls We do everythig we ca to stop collectio calls; however, i the early part of our represetatio, you ca expect some of these calls to cotiue. We uderstad that the first few moths

More information

Computershare Investment Plan. Best Buy Co., Inc. Common Stock

Computershare Investment Plan. Best Buy Co., Inc. Common Stock Computershare Ivestmet Pla A Direct Stock Purchase ad Divided Reivestmet Pla for Best Buy Co., Ic. Commo Stock Best Buy Co., Ic. is listed o the New York Stock Exchage (Tradig Symbol BBY, CUSIP 086516101)

More information

There s Wealth in Our Approach.

There s Wealth in Our Approach. Electroic Fud Trasfers/ Automated Clearig House Services There s Wealth i Our Approach. A divisio of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC. Electroic Fud Trasfers/Automated Clearig House Services

More information

CHAPTER 11 Financial mathematics

CHAPTER 11 Financial mathematics CHAPTER 11 Fiacial mathematics I this chapter you will: Calculate iterest usig the simple iterest formula ( ) Use the simple iterest formula to calculate the pricipal (P) Use the simple iterest formula

More information

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust?

Flexible Trust. (Settlor as trustee with optional survivorship clause) Your questions answered. What is a trust? What is a Flexible Trust? Flexible Trust (Settl as trustee with optioal survivship clause) Your questios aswered Uderstadig trusts ad their implicatios ca be pretty complicated. You should always get advice from your legal adviser

More information

INVESTMENT PERFORMANCE COUNCIL (IPC)

INVESTMENT PERFORMANCE COUNCIL (IPC) INVESTMENT PEFOMANCE COUNCIL (IPC) INVITATION TO COMMENT: Global Ivestmet Performace Stadards (GIPS ) Guidace Statemet o Calculatio Methodology The Associatio for Ivestmet Maagemet ad esearch (AIM) seeks

More information

Get advice now. Are you worried about your mortgage? New edition

Get advice now. Are you worried about your mortgage? New edition New editio Jauary 2009 Are you worried about your mortgage? Get advice ow If you are strugglig to pay your mortgage, or you thik it will be difficult to pay more whe your fixed-rate deal eds, act ow to

More information

APPLICATION FORM. Henderson Investment Funds. Valid from 11 May 2015. SECTION 1 About yourself

APPLICATION FORM. Henderson Investment Funds. Valid from 11 May 2015. SECTION 1 About yourself Hederso Ivestmet Fuds APPLICATION FORM Valid from 11 May 2015 You should use this form if you wish to ivest i the Hederso Ivestmet Fuds rage. Further iformatio is cotaied i the Prospectus, the Additioal

More information

Sole trader financial statements

Sole trader financial statements 3 Sole trader fiacial statemets this chapter covers... I this chapter we look at preparig the year ed fiacial statemets of sole traders (that is, oe perso ruig their ow busiess). We preset the fiacial

More information

FI A CIAL MATHEMATICS

FI A CIAL MATHEMATICS CHAPTER 7 FI A CIAL MATHEMATICS Page Cotets 7.1 Compoud Value 117 7.2 Compoud Value of a Auity 118 7.3 Sikig Fuds 119 7.4 Preset Value 122 7.5 Preset Value of a Auity 122 7.6 Term Loas ad Amortizatio 123

More information

Financial. Services Guide. Adviser: Graeme Hood CD, Dip FP, CFP Date of Preparation: 21/11/2005. Head Office Address:

Financial. Services Guide. Adviser: Graeme Hood CD, Dip FP, CFP Date of Preparation: 21/11/2005. Head Office Address: Fiacial Services Guide Adviser: Graeme Hood CD, Dip FP, CFP Date of Preparatio: 21/11/2005 Head Office Address: Fiacial Wisdom Limited (ABN 70 006 646 108) Australia Fiacial Services Licece No. 231138

More information

About our services and costs

About our services and costs About our services ad costs Cotets Whose products do we offer 2 Ivestmet 2 Isurace 2 Mortgages 2 Which services will we provide you with? 3 Ivestmet 3 Isurace 3 Mortgages 3 What will you have to pay us

More information

CDs Bought at a Bank verses CD s Bought from a Brokerage. Floyd Vest

CDs Bought at a Bank verses CD s Bought from a Brokerage. Floyd Vest CDs Bought at a Bak verses CD s Bought from a Brokerage Floyd Vest CDs bought at a bak. CD stads for Certificate of Deposit with the CD origiatig i a FDIC isured bak so that the CD is isured by the Uited

More information

Best of security and convenience

Best of security and convenience Get More with Additioal Cardholders. Importat iformatio. Add a co-applicat or authorized user to your accout ad you ca take advatage of the followig beefits: RBC Royal Bak Visa Customer Service Cosolidate

More information

Individually Managed Account Service APPLICATION FORM

Individually Managed Account Service APPLICATION FORM Idividually Maaged Accout Service APPLICATION FORM July 2015 Applicatio Idividually Maaged Accout Service? How to complete the applicatio form 1. Complete the iformatio required i the Applicatio Form o

More information

A GUIDE TO BUILDING SMART BUSINESS CREDIT

A GUIDE TO BUILDING SMART BUSINESS CREDIT A GUIDE TO BUILDING SMART BUSINESS CREDIT Establishig busiess credit ca be the key to growig your compay DID YOU KNOW? Busiess Credit ca help grow your busiess Soud paymet practices are key to a solid

More information

In addition to information provided under the regular headings, this issue of Tax Briefing contains:

In addition to information provided under the regular headings, this issue of Tax Briefing contains: Tax Briefig ISSUE 11 - July 1993 Itroductio I additio to iformatio provided uder the regular headigs, this issue of Tax Briefig cotais: Prelimiary iformatio regardig the Amesty - see opposite A summary

More information

CHAPTER 3 THE TIME VALUE OF MONEY

CHAPTER 3 THE TIME VALUE OF MONEY CHAPTER 3 THE TIME VALUE OF MONEY OVERVIEW A dollar i the had today is worth more tha a dollar to be received i the future because, if you had it ow, you could ivest that dollar ad ear iterest. Of all

More information

Personal Retirement Savings Accounts (PRSAs) A consumer and employers guide to PRSAs

Personal Retirement Savings Accounts (PRSAs) A consumer and employers guide to PRSAs Persoal Retiremet Savigs Accouts (PRSAs) A cosumer ad employers guide to PRSAs www.pesiosauthority.ie The Pesios Authority Verschoyle House 28/30 Lower Mout Street Dubli 2 Tel: (01) 613 1900 Locall: 1890

More information

Evidence requirements guide June 2016

Evidence requirements guide June 2016 INTERMEDIARIES & INVESTMENT PROFESSIONALS ONLY: NOT FOR PUBLIC DISTRIBUTION Page1of6 Evidece requiremets guide Jue 2016 The followig tables show our stadard documetatio requiremets for evidece. Sectio

More information

INVESTMENT PERFORMANCE COUNCIL (IPC) Guidance Statement on Calculation Methodology

INVESTMENT PERFORMANCE COUNCIL (IPC) Guidance Statement on Calculation Methodology Adoptio Date: 4 March 2004 Effective Date: 1 Jue 2004 Retroactive Applicatio: No Public Commet Period: Aug Nov 2002 INVESTMENT PERFORMANCE COUNCIL (IPC) Preface Guidace Statemet o Calculatio Methodology

More information

BUY TO LET MORTGAGE APPLICATION FORM

BUY TO LET MORTGAGE APPLICATION FORM BUY TO LET MORTGAGE APPLICATION FORM STAGE 2 OF 2 Please submit Stage 2 form to upgrade to full applicatio oce customer has read ad accepted the Mortgage Illustratio. Please complete this page if form

More information

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY?

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY? Ivestig i Stocks Ivestig i Stocks Busiesses sell shares of stock to ivestors as a way to raise moey to fiace expasio, pay off debt ad provide operatig capital. Ecoomic coditios: Employmet, iflatio, ivetory

More information

I. Why is there a time value to money (TVM)?

I. Why is there a time value to money (TVM)? Itroductio to the Time Value of Moey Lecture Outlie I. Why is there the cocept of time value? II. Sigle cash flows over multiple periods III. Groups of cash flows IV. Warigs o doig time value calculatios

More information

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life TIAA-CREF Wealth Maagemet Persoalized, objective fiacial advice for every stage of life A persoalized team approach for a trusted lifelog relatioship No matter who you are, you ca t be a expert i all aspects

More information

Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited Bajaj Alliaz Geeral Isurace Compay Limited Regd. Office & Head Office : GE Plaza, Airport Road, Yerawada, Pue - 411 006. PROPOSAL FORM FOR OFFICE COVER Importat : This proposal for isurace will be the

More information

How deductible plans work

How deductible plans work Idividual ad Family Plas DEDUCTIBLE PLANS How deductible plas work Deductible plas geerally offer lower mothly premiums i exchage for payig more out of your ow pocket for services covered by your health

More information

Time Value of Money. First some technical stuff. HP10B II users

Time Value of Money. First some technical stuff. HP10B II users Time Value of Moey Basis for the course Power of compoud iterest $3,600 each year ito a 401(k) pla yields $2,390,000 i 40 years First some techical stuff You will use your fiacial calculator i every sigle

More information

How to set up your GMC Online account

How to set up your GMC Online account How to set up your GMC Olie accout Mai title Itroductio GMC Olie is a secure part of our website that allows you to maage your registratio with us. Over 100,000 doctors already use GMC Olie. We wat every

More information

DC College Savings Plan Helping Children Reach a Higher Potential

DC College Savings Plan Helping Children Reach a Higher Potential 529 DC College Savigs Pla Helpig Childre Reach a Higher Potetial reach Sposored by Govermet of the District of Columbia Office of the Mayor Office of the Chief Fiacial Officer Office of Fiace ad Treasury

More information

Direct Online Mortgage application

Direct Online Mortgage application Virgi Moey plc Direct Olie Mortgage applicatio Welcome to Virgi Moey plc. Thak you for choosig a mortgage with us. I this applicatio form, refereces to we, us ad our are refereces to Virgi Moey plc ad

More information

France caters to innovative companies and offers the best research tax credit in Europe

France caters to innovative companies and offers the best research tax credit in Europe 1/5 The Frech Govermet has three objectives : > improve Frace s fiscal competitiveess > cosolidate R&D activities > make Frace a attractive coutry for iovatio Tax icetives have become a key elemet of public

More information

UPDATE. Department of Labor Publishes Regulations Concerning Advance Notice of Blackout Periods. Contents. Kirkpatrick & Lockhart LLP

UPDATE. Department of Labor Publishes Regulations Concerning Advance Notice of Blackout Periods. Contents. Kirkpatrick & Lockhart LLP UPDATE Fiacial Istitutio Tax-Favored Savigs Accouts QUALIFIED RETIREMENT PLANS INDIVIDUAL RETIREMENT ACCOUNTS 403(b) PLANS 457 PLANS 529 PLANS COVERDELL EDUCATION SAVINGS ACCOUNTS ARCHER MEDICAL SAVINGS

More information

e-trader user guide Introduction

e-trader user guide Introduction User guide e-trader user guide Itroductio At UK Geeral our aim is to provide you with the best possible propositio for you ad your customers. We believe i offerig brokers a choice of how they trade with

More information

Checking Accounts and Banking Services

Checking Accounts and Banking Services Chapter 9 Checkig Accouts ad Bakig Services 9.1 Checkig Accouts 9.2 Bakig Services ad Fees Cosider THIS Rochelle works part time after school ad oe weeked a moth. She receives a paycheck oce a week from

More information

summary of cover CONTRACT WORKS INSURANCE

summary of cover CONTRACT WORKS INSURANCE 1 SUMMARY OF COVER CONTRACT WORKS summary of cover CONTRACT WORKS INSURANCE This documet details the cover we ca provide for our commercial or church policyholders whe udertakig buildig or reovatio works.

More information

Income from property

Income from property 2 Icome from property this chapter covers... I this chapter we will examie how icome from reted UK property is taxed. We will start by examiig what exactly is covered by the rules that we eed to lear,

More information

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014

Learning objectives. Duc K. Nguyen - Corporate Finance 21/10/2014 1 Lecture 3 Time Value of Moey ad Project Valuatio The timelie Three rules of time travels NPV of a stream of cash flows Perpetuities, auities ad other special cases Learig objectives 2 Uderstad the time-value

More information

Corporation tax trading profits

Corporation tax trading profits 2 Corporatio tax tradig profits this chapter covers... I this chapter we provide a brief review of the Corporatio Tax computatio, ad examie the step by step procedures for compilig the computatio, before

More information

Grow your business with savings and debt management solutions

Grow your business with savings and debt management solutions Grow your busiess with savigs ad debt maagemet solutios A few great reasos to provide bak ad trust products to your cliets You have the expertise to help your cliets get the best rates ad most competitive

More information

BCP EQUITY INDEX BONDS

BCP EQUITY INDEX BONDS AVAILABLE TO INVESTMENT PENSION ARF/AMRF INVESTORS BCP EQUITY INDEX BONDS TWO CAPITAL SECURE BONDS THAT PROVIDE ACCESS TO LEADING EUROPEAN AND WORLD EQUITY INDICES Track the performace of the Fivex S&E

More information

BCP ABSOLUTE RETURN BOND 16

BCP ABSOLUTE RETURN BOND 16 AVAILABLE TO INVESTMENT PENSION ARF/AMRF INVESTORS BCP ABSOLUTE A CAPITAL SECURE, ACTIVELY MANAGED, ABSOLUTE RETURN BOND THAT AIMS TO ACHIEVE CONSISTENT, POSITIVE RETURNS Uderlyig Fud has a exceptioal

More information

How To Find FINANCING For Your Business

How To Find FINANCING For Your Business How To Fid FINANCING For Your Busiess Oe of the most difficult tasks faced by the maagemet team of small busiesses today is fidig adequate fiacig for curret operatios i order to support ew ad ogoig cotracts.

More information

Before you file pre action procedure for financial cases

Before you file pre action procedure for financial cases FAMILY COURT OF AUSTRALIA Before you file pre actio procedure for fiacial cases This brochure provides iformatio for people cosiderig applyig to the Family Court for fiacial orders. I particular, it provides

More information

Guide for Canadian Small Businesses

Guide for Canadian Small Businesses Guide for Caadia Small Busiesses 5&(5HY T he success of small busiess is a essetial part of Caada s ecoomic growth. At the Caada Customs ad Reveue Agecy (CCRA), our goal is to provide all the support

More information

HSAs the American Fidelity Way:

HSAs the American Fidelity Way: Health Ser vices Admiistratio, LLC HSAs the America Fidelity Way: Kowledge, Experiece, Commitmet With over 30 years experiece i providig pre-tax services, America Fidelity is a pioeer i Sectio 125 flexible

More information

2 Time Value of Money

2 Time Value of Money 2 Time Value of Moey BASIC CONCEPTS AND FORMULAE 1. Time Value of Moey It meas moey has time value. A rupee today is more valuable tha a rupee a year hece. We use rate of iterest to express the time value

More information

auction a guide to buying at Residential

auction a guide to buying at Residential Residetial a guide to buyig at auctio Allsop is the market leader for residetial ad commercial auctios i the UK Aually sells approximately 1 billio of property at auctio i the UK Holds at least seve residetial

More information

Time Value of Money, NPV and IRR equation solving with the TI-86

Time Value of Money, NPV and IRR equation solving with the TI-86 Time Value of Moey NPV ad IRR Equatio Solvig with the TI-86 (may work with TI-85) (similar process works with TI-83, TI-83 Plus ad may work with TI-82) Time Value of Moey, NPV ad IRR equatio solvig with

More information

Simple Annuities Present Value.

Simple Annuities Present Value. Simple Auities Preset Value. OBJECTIVES (i) To uderstad the uderlyig priciple of a preset value auity. (ii) To use a CASIO CFX-9850GB PLUS to efficietly compute values associated with preset value auities.

More information

auction a guide to buying at Commercial

auction a guide to buying at Commercial Commercial a guide to buyig at auctio Allsop is the market leader from commercial ad residetial auctios i the UK Aually sells aroud 700 millio of property at auctio Holds six commercial ad seve residetial

More information

84 www.newcastle.edu.au CRICOS Provider Code: 00109J I UoNI 2011/0025 HOW TO APPLY

84 www.newcastle.edu.au CRICOS Provider Code: 00109J I UoNI 2011/0025 HOW TO APPLY 84 www.ewcastle.edu.au CRICOS Provider Code: 00109J I UoNI 2011/0025 HOW TO APPLY Applicatio procedure Prospective iteratioal studets iterested i applyig for admissio to a Uiversity of Newcastle degree

More information

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig Tax Policy Brach Departmet of Fiace Jue 30, 1998 2 Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig This

More information

Don t include utility bills as a financial commitment, for example, TV licence, mobile phone bills, gas bills, electric bills etc. Sept 2015.

Don t include utility bills as a financial commitment, for example, TV licence, mobile phone bills, gas bills, electric bills etc. Sept 2015. Cofirmatio of Household Fiacial Commitmets f Depedats Grats - Academic Year 2014/15 Studet details Customer Referece Number the studet fiace experts Feame(s) Surame About this fm Complete this fm to tell

More information

Mortgage application. Virgin Money plc. Welcome to Virgin Money plc. Thank you for choosing a mortgage with us.

Mortgage application. Virgin Money plc. Welcome to Virgin Money plc. Thank you for choosing a mortgage with us. Virgi Moey plc Mortgage applicatio Welcome to Virgi Moey plc. Thak you for choosig a mortgage with us. I this applicatio form, refereces to we, us ad our are refereces to Virgi Moey plc ad icludes our

More information

Art & Private Client insurance policy SUMMARY OF COVER

Art & Private Client insurance policy SUMMARY OF COVER Art & Private Cliet isurace policy SUMMARY OF COVER 2 SUMMARY OF COVER DIOCESAN SCHOOLS LEGAL EXPENSES INSURANCE ART AND PRIVATE CLIENT POLICY SUMMARY SUMMARY OF COVER 3 Policy ref: ME773 1 07/16 What

More information

Tell us if you need help because of a disability Ask for a free interpreter

Tell us if you need help because of a disability Ask for a free interpreter Your rights uder Califoria Welfare Programs for people applyig for or receivig public aid i Califoria Tell us if you eed help because of a disability Ask for a free iterpreter 2 Your rights all people

More information

Present Value Factor To bring one dollar in the future back to present, one uses the Present Value Factor (PVF): Concept 9: Present Value

Present Value Factor To bring one dollar in the future back to present, one uses the Present Value Factor (PVF): Concept 9: Present Value Cocept 9: Preset Value Is the value of a dollar received today the same as received a year from today? A dollar today is worth more tha a dollar tomorrow because of iflatio, opportuity cost, ad risk Brigig

More information

Application for Divorce Kit

Application for Divorce Kit FAMILY COURT OF AUSTRALIA FEDERAL CIRCUIT COURT OF AUSTRALIA Applicatio for Divorce Kit www.federalcircuitcourt.gov.au www.familycourt.gov.au o the websites 1300 352 000 It is importat to read this kit

More information

For customers Whole of Life. Policy conditions. Pays a lump sum on death or diagnosis of a defined terminal illness.

For customers Whole of Life. Policy conditions. Pays a lump sum on death or diagnosis of a defined terminal illness. For customers Whole of Life Policy coditios Pays a lump sum o death or diagosis of a defied termial illess. Cotets Welcome to Aego 03 What we mea by you 03 Your cotract 03 Plai Eglish 03 Cotact us 03 1

More information

SOAR. TO NEW HEIGHTS! Sponsor the 2015 Customer Connections Conference October 18 21 n Austin, Tex.

SOAR. TO NEW HEIGHTS! Sponsor the 2015 Customer Connections Conference October 18 21 n Austin, Tex. SOAR TO NEW HEIGHTS! Sposor the 2015 Customer Coectios Coferece October 18 21 Austi, Tex. About APPA ad the Customer Coectios Coferece Get exclusive access to decisio-makers ad decisio-ifluecers The America

More information

Settling Insurance Claims After a Disaster What you need to know about how to file a claim how the claim process works what s covered and what s not

Settling Insurance Claims After a Disaster What you need to know about how to file a claim how the claim process works what s covered and what s not Settlig Isurace Claims After a Disaster What you eed to kow about how to file a claim how the claim process works what s covered ad what s ot First Steps Cotact your aget or compay immediately. Fid out

More information

auction a guide to selling at Residential

auction a guide to selling at Residential Residetial a guide to sellig at auctio Allsop is the market leader for residetial ad commercial auctios i the UK Aually sells up to 700 millio of property at auctio Holds at least seve residetial ad six

More information

For customers Key features of the Business Protection policy

For customers Key features of the Business Protection policy For customers Key features of the Busiess Protectio policy The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide

More information

Consider these sobering statistics

Consider these sobering statistics Idetity Theft is a form of fraud or Idetity theft cotiues to icrease every year ad has impacted millios of Americas. cheatig of aother perso s idetity i which someoe preteds to be someoe else by assumig

More information

Your summary of cover. Saga Motor Insurance

Your summary of cover. Saga Motor Insurance Your summary of cover Saga Motor Isurace Your itroductio to Saga Motor Isurace Cotets Your itroductio to Saga Motor Isurace 3 A quick guide to the cover we iclude 4-5 A few key thigs we do t cover 6 Additioal

More information

Pre-Suit Collection Strategies

Pre-Suit Collection Strategies Pre-Suit Collectio Strategies Writte by Charles PT Phoeix How to Decide Whether to Pursue Collectio Calculatig the Value of Collectio As with ay busiess litigatio, all factors associated with the process

More information

ODBC. Getting Started With Sage Timberline Office ODBC

ODBC. Getting Started With Sage Timberline Office ODBC ODBC Gettig Started With Sage Timberlie Office ODBC NOTICE This documet ad the Sage Timberlie Office software may be used oly i accordace with the accompayig Sage Timberlie Office Ed User Licese Agreemet.

More information

PDF version for 75+vat, or Printed version from 249+vat for 200 copies. Web: www.bluestonepublishing.co.uk

PDF version for 75+vat, or Printed version from 249+vat for 200 copies. Web: www.bluestonepublishing.co.uk P rotectio BULLETIN New ewsletter! Persoalised Protectio Newsletter Logo ad/or photo would go here (compliace checked by the Networks) - Geerate more value from each cliet - Protect yourself by flaggig

More information

Anti-Money Laundering

Anti-Money Laundering Ati-Moey Lauderig Over the last year, moey-lauderig crimes siphoed a estimated $1.3 trillio out of the global ecoomy.* I light of this staggerig statistic, the resultig striget legislatio is uderstadable.

More information

Chapter 5 Unit 1. IET 350 Engineering Economics. Learning Objectives Chapter 5. Learning Objectives Unit 1. Annual Amount and Gradient Functions

Chapter 5 Unit 1. IET 350 Engineering Economics. Learning Objectives Chapter 5. Learning Objectives Unit 1. Annual Amount and Gradient Functions Chapter 5 Uit Aual Amout ad Gradiet Fuctios IET 350 Egieerig Ecoomics Learig Objectives Chapter 5 Upo completio of this chapter you should uderstad: Calculatig future values from aual amouts. Calculatig

More information

Retirement System for Employees and Teachers of the State of Maryland. MARYLAND STATE RETIREMENT and PENSION SYSTEM. Benefits

Retirement System for Employees and Teachers of the State of Maryland. MARYLAND STATE RETIREMENT and PENSION SYSTEM. Benefits Retiremet System for Employees ad Teachers of the State of Marylad hadbook ed 0 vis 01 R e ly 2 Ju MARYLAND STATE RETIREMENT ad PENSION SYSTEM Beefits RETIREMENT SYSTEM FOR EMPLOYEES AND TEACHERS OF THE

More information

Generali Worldwide Group Health Insurance Health Insurance Application Form

Generali Worldwide Group Health Insurance Health Insurance Application Form Geerali Worldwide Group Health Isurace Health Isurace Applicatio Form Please complete all sectios i BLOCK CAPITALS or tick the boxes, where appropriate. A completed Health Isurace Applicatio is required

More information

Two people, one policy. Affordable long-term care coverage for both.

Two people, one policy. Affordable long-term care coverage for both. Log-term care rider, available o Natiowide YourLife No-Lapse Guaratee SUL II Feature guide LIFE INSURANCE + LONG-ERM CARE wo people, oe policy. Affordable log-term care coverage for both. NAIONWIDE LIFE

More information