My DH gets quarterly bonuses. It all appears on his group certificate & he gets taxed a s&@tload on bonus money. When it comes in we work out together what to put it towards: usually a couple hundred for him to blow on man stuff & the rest goes towards holidays or large purchases.
However, his work also sometimes offers sales incentives in the form of prepaid Visa cards. Usually $50 or $100, but once he got one for $700. So if the bonus was given as gift cards it would be like cash I guess? Anyways they don't show up on tax stuff. I don't see how you could track it. I would be totally fine with DH spending these entirely on himself, he earned it!
+ Reply to Thread
Results 21 to 27 of 27
30-07-2015 15:20 #21
30-07-2015 15:30 #22Senior Member
- Join Date
- Apr 2014
Is it possible. ..I know it is ...well ...I just don't have proof
Not if they were paid electronically, but I suppose he could get gift cards, cash etc. It'd be risky for the company though surely? Is this your DH?
If DF kept it from me, I'd be p!ssed. I'd be fine if he wanted to spend a portion of it on luxuries for himself, however I would expect those funds to still enter the household income pool so that the entire household could benefit.
Last edited by ChelleBH; 30-07-2015 at 16:10.
30-07-2015 15:31 #23
He may not pay tax on it but the company might - I can write a cheque for a $1000 gift card for my secretary but my company will have to pay the tax ( or deduct it) not her
30-07-2015 15:32 #24
I don't really understand why you care?
30-07-2015 15:39 #25
I get bonuses but they appear on my pay slips and are heavily taxed. My boss is nice enough to speed it out over many pays so I don't get taxed as much.
30-07-2015 16:58 #26
A friend of mine writes his over time and bonuses in a book and say he has $5,000 worth. His boss will then use the business money to buy him things. He doesn't work for this company anymore but at one stage he had $20,000 in the book. So he was never taxed on any of it. He thought it was all legit!!! 😁
30-07-2015 17:57 #27
The Fix Program Sydney CBD and BroadwayPregnancy and women's health physio, pregnancy and new mum Pilates classes taught by our physios for you and bub. ...
LATESTWhy it is OK for your child to be differentWhat is a blessing way? How is it different to a baby shower?7 ways to break the ‘mumnotony’ at home
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
I feel like Im dying.First Trimester Chat
Hoping to become first time MumIntroductions
3 year old with mouth ulcersGeneral Child Health Issues
For those of you with babies and toddlers....General Parenting Tips, Advice & Chat
Egg Donation in South Africa #14Egg Donation
What do you think is the best resource for new Mums?General Parenting Tips, Advice & Chat
Lite & Easy ???Second Trimester Chat
Bulk-Billing may end for after-hours home doctor services - petition!Can you help with these campaigns?