2Aug2019

Get The Most Back From Your Tax Return!

August 2, 2019

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You’re entitled to claim deductions for some expenses when completing your tax return — most of which are work-related expenses.

Deductions you can claim

Work-related expenses

To claim a work-related deduction, you must have spent the money yourself and weren’t reimbursed. It must relate to earning your income and proven with a record.

You can only claim a deduction for the work-related portion if the expense was for both work and private purposes.

Note: Employees can claim work-related expenses in the financial year they are incurred.

You may be able to claim a deduction for expenses that directly relate to your work, including:

clothing, laundry, and dry-cleaning expenses — a uniform needs to be unique and distinctive to legitimately claim it’s cost.
home office expenses — costs could include your phone, computer, or other electronic devices, and running costs (e.g. internet service).
self-education expenses — the study should be related to your current job — claim expenses such as course fees, student union fees, textbooks, professional journals, and stationery.
tools, equipment and other assets — protective gear, sunglasses, hats, office equipment, safety equipment, and technical instruments.
vehicle and travel expenses — if you work in different locations or you use your car for work.

Get The Most Back From Your Tax Return!

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Other deductions

ATO interest (calculation and reporting)
interest charged by the ATO — imposed interest includes general interest charge (GIC), shortfall interest charge (SIC), and late payment interest.
cost of managing tax affairs — includes buying tax reference material, tax return preparation courses, lodging your tax return through a registered tax agent, etc.
gifts and donations — to organisations that are endorsed by the ATO as deductible gift recipients.
interest, dividend, and other investment income deductions
personal super contributions — if made during the year to a complying super fund or a retirement savings account (RSA).
undeducted purchase price (UPP) of a foreign pension or annuity — the UPP is the amount you contributed towards the purchase price of your pension or annuity – your personal contributions.

See Occupation and industry specific guides to find out more about income, allowances, and deductions you can claim for work-related expenses.

Managing your deductions

Keep your tax organised with the ATO app’s myDeductions tool.

Use myDeductions to keep records of your work, general expenses, income, and deductions to make lodging your tax return faster and easier.

Download the ATO app then select the myDeductions icon.

myDeductions tool - ATO app

Upload your completed records to the ATO from the myDeductions tool and pre-fill your myTax return. You can share your records directly (via email) if you use a registered tax agent.

Easy loans in Australia

If you need cash today for an urgent or unexpected expense, Cigno Loans can help with easy loans.

Cigno believes in a fair go and considers all applications — whether you’re working or on Centrelink!

Cigno offers a 24/7 online platform so you can apply anytime, anywhere, even on weekends!

20May2019

How To Manage Your Centrelink Income?

May 20, 2019

Henry Mabana

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Income management

Income Management is a tool to help people in budgeting their welfare payments. It ensures they get the basic essentials like food, shelter, electricity, and education.

Improved control of finances helps people to stabilise their lives so they can better care for themselves and their family. It can also support them to return to or join the workforce.

Accessing your income managed money

You can access your income managed money in many ways:

BasicsCard — Use your BasicsCard at approved businesses to pay for essential household needs and expenses.

BasicsCard

Direct payment — Ask to set up regular or one off payments to stores, landlords, real estate agents, or other service providers.
Self service — There are self service options you can use to access your income managed money.
Call — Call the Income Management line to get help in accessing your income managed money.

Note: You can’t use your income managed money for: alcoholic products, tobacco products, pornography, gambling products and services, homebrew kits or concentrates.

Managing your Centrelink income

The way you use your money will change during your life. While you look for work, there might be changes with your income. Make a plan to have enough money to pay your bills while income is low. Don’t forget about your regular bills as well as other expenses you have.

To help you manage your money, you have to learn to budget, deal with debt, manage loans and credit, and build savings.

If you think you can’t pay your bills on time, talk to the hardship teams at companies, like your utility providers, your bank, or lender you have loan with. They may want to help you with debt repayments depending on your situation.

Settling a loan or cutting back on debt will enable you to manage your money effectively. Having knowledge about credit and borrowing avoids disappointment at the end.

There are things to consider before taking out a loan. Ask yourself:

Do you really need it right now?
Is it safe and affordable?
Can you make the repayments on time?

Check if you can get a no interest or low interest loans from a financial institution.

If you’re Working or on Centrelink, Cigno Loans will consider your loan application. Cigno believes in treating each person with trust and respect and only ask what they need to in order to assess suitability.

How To Manage Your Centrelink Income?

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Cigno offers Centrelink loans for persons who have a low income and on Centrelink payments. You can also apply for bad credit loans or no credit loans if you need cash while on Centrelink.

If you do apply for a loan or credit, always check the terms and conditions. Enquire about your concerns before signing a contract.

22Oct2018

Centrelink Loans – Where To Find Them And How To Apply

October 22, 2018

Cigno Loans

centrelink loans, payday loans Payday Loans 2

You don’t need to be earning a major salary to access loans anymore. Today, more and more people are turning to quick payday loans when they’re short on cash and need instant support. Even citizens receiving welfare are able to apply for fast Centrelink loans that can be paid to your account within 24 hours. Here, we’re going to explain how these loan work and where to find them. If you’re in dire need of some urgent cash, this option could be a great solution for you.

First, let’s start with:

What exactly is a payday loan?

Short-term payday loans are our prime finance product at Cigno Loans. These loans are not like standard personal loans. When you apply for a standard loan, the loan term will be for years, the process will take ages, and your credit score will be checked before anything else. Payday loans are designed specifically to help people who are in urgent need of cash without delay. For this reason they are paid out as soon as possible and need to be repaid within the coming weeks or months.

We all aspire to be more careful with our money, but every now and then, things can just go wrong unexpectedly. This is exactly when a payday loan can prove to be the most practical option available to you.

Who can take a payday loan?

As payday loans need to be such a fast response solution, they bypass the credit check. This saves huge amounts of processing time and allows the money to be paid out to you much faster. Instead of a credit check, payday loans companies will always need to see proof that you earn enough money to afford the loan. This usually means assessing your latest bank details.

You need a consistent income to be approved for a fast short-term loan. That doesn’t mean you need to be earning a solid salary to be eligible. Most people on Centrelink will have the income necessary to apply for payday loan. At Cigno, we definitely have a open minded approach to our loan services and are prepared to consider anyone who finds themselves struggling to meet their immediate costs.

What are the advantages of a payday loan?

If you’re in need of a Centrelink loan, the odds are, your credit score might not be in the best condition. Payday loans are not based on your credit rating, so they’re accessible to those with poor credit. A lot of people have had bad habits with cash at some point in their lives. It’s easier now more than ever to spend more than you earn. If you need money quickly and all other lines of credit are closed to you, a payday loan could still be your last remaining reliable source of financial support.

Another advantage is the fact that these loans can be applied for online quickly and easily. No need for lengthy meetings and waiting around. You can jump onto Cigno’s website and get your application going any time of the day 24/7. We’ll always do our best to process your application as soon as we get back into the office. Almost all approved applications receive their money within hours.

Payday loans are paid straight to your bank account, which is safe and convenient. There’s no need to go anywhere to sign anything, you won’t be holding the cash in hand at any point, and the transfer takes seconds once it’s initiated.

What do you need to apply?

The most important documents you need to complete your application are your most recent bank statements and your ID. As long as you have these two key pieces of information we’ll be able to assess your situation and make you an offer. Your Centrelink loan will be clearly outlined in our offer so that you can look over the details before making the final decision to accept or not.

As soon as you sign the offer and send it back to us, the agreement will be binding. The most important thing to do with these loans is to ensure you make the repayments exactly as agreed using your next Centrelink payments. Fail to pay and your account may escalate with dishonour fees. If you fall into trouble, the best thing to do is contact us as soon as you can. We’ll do our best to help as much as we can and might be able to reschedule your repayment dates to suit your needs much better.

Centrelink Loans – Where To Find Them And How To Apply

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Read more about Centrelink loans here, or in our previous blog post: Centrelink Loans – How To Get Cash Funding While On Benefits

11Sep2018

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Centrelink Loans – How To Get Cash Funding While On Benefits

September 11, 2018

Cigno Loans

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The government’s Centrelink program is there to help those who need it most, but what happens when the funding you receive isn’t quite enough? In this article we’re going to be looking at the best ways you can access a Centrelink Loan that fits your circumstances. Have a read through these pointers to see if a short-term solution might be the ideal option for your urgent financial situation.

Payday loans with instant payouts

Cigno Loans offers payday loans and microloans to people who need cash as soon as possible. As well as those in full-time employment, we also like to provide help to people outside of work that are living on welfare and need a Centrelink Loan to get them through the month. Sometimes, the money you receive from benefit payments just isn’t enough. When you find yourself short on money and unable to pay for necessities, the most ideal solution would be a fast injection of emergency cash from a reliable source. This is exactly what we aim to bring you.

Handling your income and finances isn’t always easy. New costs can come up and people run out of cash from time to time. When you find yourself in this situation, your options can be quite limited. You can take a loan from a friend or try and pull off some extra work on the side, but how quickly will these ideas payout and give you the funds you need right away? With our payday loans, we usually try to have the money reach you within 24 hours of accepting your application.

You can apply for a payday loan with bad credit

Your credit score isn’t all that important when it comes to short-term Centrelink Loans. All we need to see is your latest bank statements to ensure you have the steady income needed to pay us back within the coming months. If your credit score is really low, you may have tried applying for credit elsewhere and found nothing but rejection. We like to be far more open minded and understanding of different peoples needs, so we’ll still consider your application even if your credit rating is really low.

You can apply for the exact amount you need online or over the phone

Modern living is filled with money challenges, and when you’re living on a limited income, things can pop up that you didn’t expect. We always advise that borrowers only take exactly what they need to cover their most urgent costs. Take too much and your final bill will be higher. It’s never a good idea to spend your loan on things you don’t need. Our short-terms solutions are designed to help you with emergencies, not entertainment or luxury purchases.

The most convenient way to apply is online. Using the Cigno loans website you can complete your application anytime of the day or night. Prefer speaking to someone? Our friendly team is available during daytime office hours to help you through the application process if this is your preference. Once we have your application, we’ll do everything we can to send you an offer within hours!

Repay successfully and we’ll be happy to lend to you in future

Find yourself struggling on a regular basis? If you take your first loan with us and repay without issue, we’ll be more than happy to continue lending to you with even faster processing times in future. If you can prove to us that you are a responsible borrower by paying back what you owe exactly as agreed in your loan terms, you’ll have faster access to our services should you need more help at some point down the line. Our basic loan limit is $500, but we may be able to offer higher amounts to people that have borrowed from us on numerous occasions before without issue.

There you have it! A payday loan could be one of your best options when seeking instant funding. Whether you’ve just started receiving Centrelink benefits or have been for a while now, as soon as you need cash fast, Cigno can offer you a short-term loan that’s paid out within hours. Remember, you’ll need your bank statements and at least one form of official government ID to complete your application.

Centrelink Loans – How To Get Cash Funding While On Benefits

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You can also read more about our Centrelink loan products here, and in our previous blog post: The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

24Aug2018

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The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

August 24, 2018

Cigno Loans

bad credit loans, centrelink loans Bad Credit Loans 7

If you’re a Centrelink customer, you’ll be well aware of how difficult it can be to make ends meet on a low budget. In this post, we’re gonna go over the key advantages of cash loans for Centrelink customers with bad credit. Think you might be a bit stuck for cash this month and have important things to pay for? Read through these pointers to see if a quick payout cash loan is the way to go. Let’s make a start with:

Short-term cash loans pay out fast

Short-term cash loans are also known as payday loans. Unlike regular loans that can take weeks to finally reach you, payday loans are designed to be paid to your account as soon as possible. The term for a payday loan isn’t very long and you’ll be expected to pay back what you owe using the money from your next work or welfare payment.

Some payday loans companies only deal with borrowers that are in full-time employment. At Cigno Loans, we offer short-term loans to Centrelink customers as well as those in work. Whether or not you have a good credit score is not important as we don’t conduct credit checks in our assessment. As long as we can see that you have a steady income, we’ll be able to help you with instant cash solutions that meet your needs. In the vast majority of cases, our fast loans can be paid out on the same day that you apply.

Get the amount you need with a hassle free application process

Another huge advantage of our payday loans is how easy it is to apply. We’ve designed an internet based application process that makes our service far more practical and convenient than ever before. You can apply online through our website at any time and we do everything we can to ensure the money reaches the account of your choosing within hours.

It can be tough living on a restricted income outside of work. We understand that making things balance can be tricky at the best of times, especially as all it takes to put you in a real pinch is for an unforeseeable cost to turn up suddenly. All you need to apply for one of our loans online is your most recent bank statement showing your income from Centrelink or your place of work and a government issued ID.

Not only is our application process very simple, we also allow you to pick the exact amount you want to borrow. We offer loans up to $1000 and will provide you an offer of the amount we think is most suitable for your circumstances after we have processed your application. Taking the minimum you need to cover your most urgent costs is highly advisable and will help ensure you’re able to pay what you owe comfortably.

Clear offers and helpful repayment notifications

The best way to attack your money worries is to practice being as sensible with money as possible. We believe in providing short-term loans the right way, which is why we make all of the charges and rates in our loan terms as clear as possible in our offers. This helps you make a perfectly informed decision and be sure of all conditions before you agree to anything.

We also understand how easy it can be to forget certain dates down the line, which is why we’ve built helpful notifications into our process that keep you up to date on your upcoming repayment days. When you’re having to manage a tight monthly budget, it’s never a bad idea to try and cut down on unnecessary spending as much as you can. Check out this helpful post to find a bunch of ways you can save on day-to-day expenses.

Those are the core benefits of cash loans for Centrelink customers with bad credit. We hope this quick list has helped! If you receive Centrelink payments and have a bad credit score, you can still access quick funds in emergency situations. Don’t like the idea of applying online? We have a friendly customer service team that will be happy to help you complete your application over the phone.

The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

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Read more about bad credit loans here, or in our previous blog post: Can I Get Fast Cash Loans With Bad Credit?

22Dec2017

What do people mean when they say “centrelink loans”?

December 22, 2017

CignoBlog

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If you’re in a bit of a financial situation, there’s nothing to be embarrassed about. Everyone, at some point or another, experiences economic expectations beyond his or her budget or savings. These situations include emergency repairs to a vehicle, health expenses, or even loss of employment.

Head over to Cigno’s Bad Credit Loans page for more information and assistance in finding a loan solution for you.

But here on our blog, we’re talking about Centrelink loans.

Firstly, what is a Centrelink loan?

In a nutshell, Centrelink is a benefits program specifically fashioned for the people of Australia under the government department of Human Services.

The aim of the Centrelink is to offer assistance to pensioners, students, people with disabilities and those experiencing financial hardships, lower income or unemployment.

In some cases, a Centrelink loan, otherwise known as an Advance Payment, can benefit individuals and families in mild financial crises. People who apply for Centrelink loans are often seeking money to assist in paying for expenses.

Depending on the type of benefit you receive, and the maximum and minimum payment amounts, a lump sum could be deposited into your account as an advanced payment to aid temporary monetary issues.

How are Centrelink loans applicable to me?

Centrelink loans are often confused with bad credit or quick cash loans. In either situation, they aren’t able to change your entire financial situation, as you’re only borrowing money. But, a loan could save you from more dramatic financial implications.

For more information about types of cash and personal loans, check out this article: There’s some great information out there about various types of cash and other personal loans. Doing some research never hurts. Check this article Personal Loans – What You Need to Know

The Centrelink advance payment, or any other loan is immediate cash, which you can acquire by filing some documentation and adhering to a lender’s procedure.

If Centrelink doesn’t approve your advance payment, you may be eligible for the Cigno service. Help is always available, no matter your circumstance.

Requirements and rules for acquiring a Centrelink advance payment loan

Centrelink advance payments are approved every day. But there are some requirements and regulations for acquiring them. For example, you must be over 18 years of age and must provide a valid proof of identification and age.

You must be an Australian citizen to receive this benefit. The applicant must also provide pay slips or a proof of net income, and your credit history is also taken into consideration.

What do people mean when they say “centrelink loans”?

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If your credit history is bad, but you’re still in need of some financial stimulation, you can apply for a Bad Credit Loan with Cigno. Call us today!

Read more about borrowing with us in this previous blog post: Bad Credit Loans: It’s Still Possible to Get a Loan, Even if You Have Bad Credit.