Income
$85,000 /annual
Contributions (Annual)
Pre-tax amount your employer redirects into super — reduces your taxable income and take-home pay
Personal Concessional Contributions
Funded from salary
Paid from your post-tax pay — reduces take-home and taxable income
Funded from savings
Lump sum from your bank — reduces taxable income only, take-home pay unchanged
Both sources receive the same s290-150 tax deduction. The difference is which account is drawn down.
After-tax contributions — no income tax deduction, but tax-free inside fund
Carry-Forward & Balance
Unused CC from prior years — only available if your super balance is below $500,000
Required to determine carry-forward eligibility
Contribution Cap Usage
Tax Impact — Baseline vs With Super
Net Tax Return
Employer SGC — always paid, not in your return
Marginal Rate
30.0%
Take-Home Reduction
$0
Salary-sourced ($0)
First Home Super Saver Scheme
Model FHSS contributions
Estimates releasable amount and net withdrawal proceeds
§25 — Rental Income
Total rent received before any expenses. Enter annual amount.
§26 — Investment Loan Interest
Interest component only — principal repayments are not deductible.
§27 — Property Management Fees
Agent letting fee, ongoing management commission (typically 7–10% of rent), lease renewal fees.
§28 — Repairs & Maintenance
Immediate deduction only — repairs restore to original condition. Capital improvements (e.g. adding a new deck) are not deductible here.
§29 — Depreciation
2.5%/yr of the original construction cost for residential buildings built after 15 Sep 1987.
Annual depreciation on depreciable assets: ovens, carpet, blinds, hot water systems, etc. Use diminishing value or prime cost method.
§30 — Holding Costs
Exclude any usage charges billed to and paid by the tenant.
Strata levies, land tax, pest inspections, garden maintenance, etc.
§31 — Net Result
D1 — Car Expenses
Claim method
D2 — Work Travel (not car)
D3 — Clothing, Laundry & Dry-Cleaning
D4 — Self-Education
D5 — Other Work-Related Expenses
Home office method
D7 — Interest & Dividend Income Expenses
D8 — Dividend & Distribution Expenses
D9 — Gifts & Donations
D10 — Cost of Managing Tax Affairs
ATO Schedule 1 deductions · FY 2025-26 rates · D6 (low value pool) and CGT cost base adjustments not included · Not financial advice
Did you sell, dispose of, or trade any assets this financial year?
No CGT events this year — this section has no impact on your tax return.
§42 — Medicare Levy Surcharge
Do you have private hospital cover?
MLS does not apply — your private hospital cover exempts you.
§43 — Private Health Insurance Rebate
General information only · Not financial advice · Compare policies before purchasing
Compare policies ↗ATO rates FY 2025-26 · Post Stage 3 tax cuts · PAYG only · Not financial advice