Australian Tax Dashboard

Personalized tax planning for every stage of life

Select Your Life Stage

Choose the stage that best describes your current situation

Young Professional

Starting your career and building financial foundations

Primary Focus
  • • Income optimization
  • • Super contributions
  • • First home savings
Common Goals
  • • Maximize take-home pay
  • • Build emergency fund
  • • Save for first home
Tax Strategies
  • • Salary sacrifice
  • • Work-related deductions
  • • FHSS contributions

Young Professional Tax Dashboard

Ages 18-30 • Building your financial foundation

Young Professional Tax Strategy

Key Focus Areas

  • • Maximize take-home pay
  • • Build emergency fund
  • • Start superannuation optimization
  • • Consider first home savings

Tax Strategies

  • • Salary sacrifice to super
  • • Claim work-related deductions
  • • First Home Super Saver Scheme
  • • Income protection insurance

Tax Information

Enter your tax details for the current financial year

Income

Your total income before tax and deductions
$
Tax already withheld from your salary or wages
$
Employer superannuation contributions (usually 11% of salary)
$
Dividends received from Australian companies with franking credits
$
Profit from selling assets like shares or property
$

Deductions

Expenses directly related to earning your income
$
Other allowable deductions like donations, investment expenses
$
Check if you qualify for Medicare levy exemption

Quick Tips for Young Professionals

1

Start Early with Super

Even small additional contributions now can make a huge difference at retirement due to compound interest.

2

Track Work Expenses

Keep receipts for work-related expenses like equipment, training, and travel. They add up quickly!

3

First Home Savings

Use the First Home Super Saver Scheme to save for your deposit with tax benefits.

4

Income Protection

Consider income protection insurance - premiums are tax deductible and it protects your earning capacity.

No tax calculation yet

Enter your tax information to see your results

Your Tax Goals

First Home Super Saver Scheme

Use super for first home deposit

high prioritynot started

Disclaimer: This tool provides estimates based on current tax rates and general assumptions. Tax situations can be complex and individual circumstances vary significantly.

For personalized tax advice, please consult with a qualified tax professional or accountant. This tool should not be used as a substitute for professional tax advice.