Hi all,

Going into the new financial year, I'm looking for some basic advice. I work a full time job and tax gets deducted from it. I also have a side hustle that I earn $500 a month from, but no tax gets deducted from it. I will be in the $37000-$90000 tax bracket next year. So I estimate that I will owe roughly $150 more per month to the ATO than is being deducted from the account.

I'm not keen on having to pay the ATO back at the end of the 2020/21 financial year. Though putting the $150 per month aside is an option. So, should I salary sacrifice from my full-time job, make a regular donation to charity, put the money into my super, a combination of options or something else?

Thanks in advance for the help.