Yes, you can turn off the feature that automatically sets aside money for taxes. Here's how to do it:
Open the WorkMade app and go to Settings.
Navigate to the Tax Profile section.
Flip the toggle off for "Set Taxes Aside".
❗ Disabling this feature means WorkMade will no longer automatically set aside funds into your tax bucket. It's essential to ensure you have enough funds to pay your taxes when due. You can still transfer money from your WorkMade account or an external bank when the tax window opens.
Why It's Important to Keep Automatic Tax Savings On
Ensures Preparedness 😄
Automatic savings help you stay prepared for tax payments, reducing the risk of missing deadlines and incurring penalties.
Financial Discipline 🧘
It promotes disciplined savings, ensuring a portion of your income is consistently allocated for taxes.
Convenience and Peace of Mind ☮️
With automatic savings, you don't have to worry about manually setting aside money, making it easier to manage your finances.
💡 We highly encourage keeping this feature enabled. Even with it on, you can move money back to your spending account at any time. Your tax savings will always be accessible to you, and WorkMade will never make a payment without your authorization first.