| Item | Field | Where can I find this? | What is it? | Example |
|---|---|---|---|---|
| 1 | Salary | Fact Find – What is your gross salary | Gross salary | 120000 |
| 2 | Rental Income | Calculation | Proparty assets * net rental yield | 0 |
| 3 | Business Partnership Income | Company register – see dividends | Distributed from private company savings account | 0 |
| 4 | Private Trust Income | (Trust register – see distributions) | Distributed from trust savings account | 0 |
| 5 | Investment Income | (See assets register – item 18) | Investment assets * income yield | 0 |
| 6 | Other Income | Input – used for LPA’s | Used in LPA’s if the user does not want to enter the specific asset details. | 0 |
| 7 | Franking Credits | assets register | SUM OF: Investment income * (1 – Company tax rate) * Franking credit percentage. | 0 |
| 8 | Existing Dividends | Input – used for LPA’s | Used in LPA’s if the user does not want to enter the specific asset details. | 0 |
| 9 | Sub Total A | Calculated | SUM OF ITEMS 1 – 8 | 120000 |
| 10 | Age Pension | (Centrelink -see Item 5) | Calculated from Centrelinkregister | 0 |
| 11 | Allowances | Centrelink – see item 9 | Centrelink register | 0 |
| 12 | Taxable Pension | Calculated from pension register | Sum of net assessable income from pensions. The assessable component will depend on pension type and commencement date. | 0 |
| 13 | Taxable Annuities | Calculated from annuities register | Depends on age and tax entity (Super v Non-Super) | 0 |
| 14 | Government Parental Pay | Calculated | Client must be planning on taking paternity leave (see paternity leave details) | 0 |
| 15 | Sub Total B | Calculated | SUM OF ITEMS 10-14 | 0 |
| 16 | CGT Assessable Income | (CGT register – see item 12) | CGT register | 0 |
| 17 | Sub Total C | Calculated | SUM OF ITEMS 15-16 | 0 |
| 18 | Tax Free Income | Fact Find | See income details | 0 |
| 19 | Super Guarantee | Superannuation register – Item 6 | Sum of SG across all super + SMSF products per tax entity | 10909 |
| 20 | Concessional Contributions | Superannuation register – Item 7-9 | Superannuation register | 14188 |
| 21 | Tax Deductible expenses | (Fact Find – tax deductible expenses) | Input | 0 |
| 22 | Deductible Interest | (Debt register – see item 26) | This is the sum of all deductible interest for this tax entity | 0 |
| 23 | Sub Total Outflow A | Calculated | SUM OF ITEMS 19 – 23 | 14188 |
| 24 | Taxable Income | Calculated | Item 9 + Item 17 – Item 18 – Item 23 | 105812 |
| 25 | Tax Payable | Calculated | See assumptions. | 26783 |
| 26 | Spouse Offset | Calculated | See assumptions. | 0 |
| 27 | SATO | Calculated | See assumptions. | 0 |
| 28 | LITO | Calculated | See assumptions. | 0 |
| 29 | Rebate Pension & Annuities | Calculated | 15% of net assessable income for relevant income stream types (see assumptions) | 0 |
| 30 | Other Offset | Calculated | Tax register | 0 |
| 31 | Sub Total Rebates 1 | Calculated | SUM OF ITEMS 26 – 30 | 0 |
| 32 | Optimised rebates | Optimised | Optimised decision. Note: we can only take the min of the rebate available and tax payable. | 0 |
| 33 | Medicare Levy | Calculated | See assumptions. | 2116 |
| 34 | Medicare Surcharge | Calculated | See assumptions. | 0 |
| 35 | Sub Rebates 2 | Calculated | Item 33 + Item 34 – Item 7 | 2116 |
| 36 | HELP | Calculated | See assumptions. | 0 |
| 37 | Final tax paid | Calculated | Item 26 – Item 32 + Item 35 + Item 36 | 76913 |
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