Homestay Student Income at Homestay

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Homestay Student Income. Students can feel alone and isolated in a new country, but a good homestay family can make all the difference. Depending on the length of stay, homestay company, and region, hosting an exchange student can earn you anywhere from an extra $30 a day to $1,400 per month.

from Hosting Foreign Exchange Students
from Hosting Foreign Exchange Students from blog.studentroomstay.com

On the taxation of income from homestay, there is an tax office interpretative decision that says income from student homestay is not taxable provided only one or two students are hosted at a time. Hosting is a great way to seriously boost your family’s income. Accept or decline any homestay inquiries with a click of a button.

from Hosting Foreign Exchange Students

For every dollar of income you receive over this threshold, your age pension will be reduced by 50 cents. There may be a negligible amount of surplus money after expenses in any particular week. You are not charged any tax on income from hosting students, so you can earn £7500 per year tax free, so the amount per room that we pay you will be all yours. If you host one or two students in your primary place of residence at any one time, it's tax free!