Personal Tax
Whether your tax affairs are straightforward or involve multiple sources of income, deductions, investments or changing circumstances, Finance in Life can help you work through your individual tax return with greater clarity.
Your Tax Position
Personal tax can involve much more than salary and wages. Your return may also need to consider investment income, rental property, business or sole trader activity, capital gains, work-related expenses and other financial circumstances.
Finance in Life focuses on helping you bring the relevant information together, understand what may need to be considered and move through the tax return process in a more organised way.
Personal Tax Services
Every tax position is different. The information relevant to your return depends on how you earn, invest, work and manage your financial affairs.
Income, deductions and other financial activity can interact in different ways. A careful review helps identify what information belongs in your return and where additional attention may be needed.
Who We Help
Personal tax needs can change as work, investment and life change. Finance in Life can support individuals across a range of common tax circumstances.
What May Need To Be Considered
The categories relevant to you will depend on your circumstances. These are examples of areas that can form part of an individual tax return.
Different forms of income may need to be considered when preparing your return.
Some expenses may be relevant where they meet the applicable requirements and are properly supported.
Investments can introduce additional income, expenses and tax considerations.
Your overall position may involve information beyond ordinary employment income and deductions.
Tax Calculators
Use the Finance in Life tax calculators to explore an indicative result based on the information you enter. Calculators provide estimates and do not replace consideration of your complete tax circumstances.
How It Works
The exact process can differ depending on your circumstances, but getting organised early can make the return easier to work through.
Submit the details and records relevant to your income and tax circumstances.
The information is considered to identify the areas relevant to your return.
Where information needs further explanation or records, those matters can be worked through.
Your tax return progresses with a clearer understanding of the information being considered.
Personal Tax FAQs
Useful information can include details of your income, relevant expenses and deductions, investment or rental information, business activity where applicable and other records connected with your financial circumstances for the year.
Whether an expense can be claimed depends on the nature of the expense, how it relates to earning your income and the records available. Different occupations and circumstances can result in different deduction considerations.
Rental activity can form part of your individual tax position. Relevant rental income and property expenses generally need to be considered when preparing the return.
Interest, dividends, distributions and transactions involving investments can affect an individual tax return. The information required will depend on the type of investment activity involved.
Yes. The Simple Tax Calculator and Advanced Tax Calculator can be used to explore an estimate based on the figures you enter. The result is an estimate rather than a final assessment of your tax position.
The information on this page is general in nature and does not take into account your individual circumstances. Tax outcomes and eligibility for deductions can depend on the facts, applicable rules and supporting records relevant to each person.
Personal Tax Questions?
Contact Finance in Life and tell us a little about your circumstances and what you need help understanding.
