Jacob Fenech

And that's...

I mean, it definitely helps smooth the process.

You can imagine if you didn't have that and you came to the end of the year, it would be pretty scary to actually come to file your taxes as an employee without any – you want to be pretty good at parking some of that cash.

Otherwise, you'd have a big liability at the end.

So pay-as-you-go taxes, I think, for employees are the most common.

You've got things like installments, so PAYG installments or pay-as-you-go installments, which are different to those withholdings.

And that's, say, for people that have businesses or other people that have investment income as well.

So usually you have to have a couple of grand at least to start paying those installments.

They're usually quarterly as well.

Other things you can see like GST is another big tax that people definitely, whether you've got a small business or you're a contractor, is relevant as well.

And so you could be filing business activity statements to help pay that GST tax as well.

So they're usually the, I suppose, the couple of main ones.

The other ones that we can see are, say, like franking credits where a business is paying tax on your behalf and you're claiming, say, as a shareholder via tax return.

We can come back to that too.

But, yeah, I would say that's the main kind of drivers in terms of where your tax is going and how it's actually being physically paid, I suppose.

Yeah, so it's, I mean, it's 75,000 per year.

I think this is a really relevant point because sometimes what happens is there's a couple of quirks to that, Owen, as well.

So I'll chat quickly to them.

So one of them is if you're doing any sort of ride-sharing service, you have to file business activity statements and actually pay GST from the first dollar.

And that brings you into that system pretty quickly.