Glossary beginning with W

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Withholding declaration search for term

A document that helps an employee notify their employer of a change in their PAYG withholding, for example, an entitlement to a tax offset. A withholding declaration authorises the employer to reduce or increase the amount of tax withheld from payments.

  • Fact 14

    Women were employed for the first time at the ATO in 1917 as a result of the increased number of taxes due to the war and the loss of men to the war front.

Allocated pension

A superannuation investment that gives an individual a regular income when they retire.

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