29.5 C
Byron Shire
February 28, 2021

Savers beware

Latest News

Truth

Dr Matt Landos, East Ballina There is the real news and then there is the fake news. The radio news announced...

Other News

Ballina sludge a mixture of blue-green algae species

A reader has sent Echonetdaily some photos of what he described as 'something nasty and green coming down the Richmond River'.

Local fisherfolk caught in the parking fine net

FIsherfolk have been caught in the net of parking fines designed to stop travellers parking up for the night on the Tweed Coast Road and they are seeking help to access their beaches at night without fines.

Cavanbah centre gets a taste of 3×3 basketball

The Byron Beez basketball team in collaboration with the U League hosted a 3x3 tournament at the Cavanbah centre at the end of January that attracted 30 teams.

Mandy Nolan’s Soapbox: There is no place like home… actually there are no places

Local low income residents in Byron Bay are the human koalas of our Shire. They too have lost much of their habitat. We need affordable housing now, not in three years, or five years, or ten. Now.

Music fest aims to be COVID-19 recovery event

Byron Bay could host a two-day, beachside music and arts festival in June this year, after an application to hold the event was lodged with Byron Council.

Craig Kelly quits Liberal Party

Federal Member for Hughes Craig Kelly has resigned from the Liberal Party, technically throwing Scott Morrison's government into minority as it grapples with scandals from within and without.

Looking closely at my bank statement I was confused about a line that showed Gen W.Tax 46.500 per cent. Upon investigation, I’d been paying nearly 50 per cent of the interest paid on my meagre savings, because I had not supplied a Tax File Number (TFN) to my credit union.

Apparently, if you earn more than $120 in a year from interest, you automatically have this taken out.

I can’t remember being advised about this when my Christmas club account was discontinued and I changed to the offered savings account, nor when this savings form was replaced with another.

I’ve been advised that I will be reimbursed by the credit union for this year’s deductions upon receipt of my TFN before 30 June; and I have to advise the Australian Tax Office (ATO) of the TFN for a (hopeful) reimbursement of the rest.

If I can be caught like this then maybe some of you have been too. Have a good look at your statement.

Gloria Constine, Brunswick Heads

 


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

1 COMMENT

  1. Taking money from someone without their permission or knowledge is theft. Banks, credit unions are allowing government officials to commit theft because they think “the law” allows them to. The law does not allow theft.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Monkey see

Daniel Brown, Byron Bay Back in my early youth growing up in Mt Eliza Victoria in the ‘90s I’d secretly look up to and admire...

Australia’s bastardry

Gareth W R Smith, Byron Bay Australia has a long string of racist and anti-humanitarian policies. These range from its treatment of Aboriginal people, complicity...

Mt Warning ban

Chris Gee, Byron Bay Indigenous readers be advised that the following letter contains references to persons deceased. I read with some interest and also, I am...

‘The Great Reset’

Gary Opit, Wooyung I appreciated the letter by Lucas Wright (17 February) on the Great Reset conspiracy fantasy. With our privileged, western, simplistic understanding of...