Adrian Raftery - 101 Ways to Save Money on Your Tax - Legally! 2021 - 2022

2 Chapter 2TABLE 2.1: example — tax withheldTABLE 2.2: car fringe benefits statutory formula rates (2021–22)TABLE 2.3: example — salary sacrificeTABLE 2.4: tax rates for working holiday makers excluding levies (2021–22)TABLE 2.5: reasonable food and drinks amounts for a LAFHA paid per week to one...

3 Chapter 3TABLE 3.1: categories of self-education expensesTABLE 3.2: HELP repayment thresholds and rates (2021–22)

4 Chapter 4TABLE 4.1: net rental income or lossTABLE 4.2: example of decline-in-value deduction calculationsTABLE 4.3: state land tax thresholds

5 Chapter 5TABLE 5.1: tax rates for individuals excluding levies 2021–22

6 Chapter 6TABLE 6.1: non-concessional contribution limits under bring forward period rul...TABLE 6.2: example of salary-sacrifice benefitsTABLE 6.3: example of carry forward concessional contributionsTABLE 6.4: minimum percentage age factors

7 Chapter 7TABLE 7.1: tax rates for companies (2021–22)TABLE 7.2: example of the loss carry back tax offset

8 Chapter 8TABLE 8.1: example of the reduced minimum annual distribution rate for PAFsTABLE 8.2: medicare levy surcharge and private health insurance rebate (single...TABLE 8.3: medicare levy surcharge and private health insurance rebate (couple...TABLE 8.4: zone and overseas forces tax offsets (2020–21)

1 Chapter 6FIGURE 6.1: superannuation industry in Australia 1996–2020 by total assets ($...

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2 Table of Contents

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2021-22

ADRIAN RAFTERY

First published in 2021 by John Wiley & Sons Australia, Ltd

42 McDougall St, Milton Qld 4064

Office also in Melbourne

First edition published by Wrightbooks (an imprint of John Wiley & Sons Australia, Ltd) in 2011. New edition published annually.

Typeset in 11/14 pt Bembo Std

© Adrian Raftery 2021

The moral rights of the author have been asserted

ISBN: 978-0-730-39155-5

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All inquiries should be made to the publisher at the address above.

Cover design by Wiley

Tables 1.1, 1.2, 1.5, 1.6, 2.1, 2.2, 2.3, 2.4, 2.5, 3.1, 3.2, 4.2, 5.1, 6.1, 6.2, 6.4, 7.1, 8.2, 8.3, 8.4 © Australia Taxation Office for the Commonwealth of Australia

Tables 1.3, 1.4 © Commonwealth of Australia

Disclaimer

The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.