Hello, we have a young employee casually working with us 1 day a week. He is setup as under 18 for TFN status in payroll & he is under the limit of having to pay tax. He has a TFN so I am wondering if I should update this as he may have the opportunity to work extra hours over school holidays and potentially pay tax. Thanks!
Hey sarahtaylor93,
Since they’ve got a Tax File Number (TFN) and are set to "under 18", they’re all good for now while earning under the tax threshold. But you’re spot on – if there’s a chance they’ll rack up extra hours over school holidays and hit that taxable income range, it’s a good idea to update their TFN status. It’ll ensure everything’s sorted for tax calculations if they need to start paying.
Cheers,
Doreen
