Hi,
I am an employee and get paid fortnightly. My commission has been approved for Jan and Feb, but because they only approved it after 4 fortnightly pays, my commission is now pretty high. That means I would get taxed high on that lump sum.
Is it more beneficial for me to get it back paid over the 4 previous pay runs or as a big amount in the next pay run?
Can then do it with additional payments between pay runs? This so the tax is lower?
Thank you for your help in advance,
I am an employee and get paid fortnightly. My commission has been approved for Jan and Feb, but because they only approved it after 4 fortnightly pays, my commission is now pretty high. That means I would get taxed high on that lump sum.
Is it more beneficial for me to get it back paid over the 4 previous pay runs or as a big amount in the next pay run?
Can then do it with additional payments between pay runs? This so the tax is lower?
Thank you for your help in advance,
