Salary and wage earners

The PSI rules do not affect you if you're an employee receiving only salary and wages.

However, if you earn PSI indirectly through another entity (such as a company, partnership or trust) and you are an employee of that entity, then the PSI rules may still apply to that PSI.

There are a number of factors that determine whether you're working as a contractor or as an employee. For more information seek professional advice from a registered tax professional or contact the ATO.

 

Personal services income

Steps Progress

What is PSI?

4 mins

Is the income PSI?

5 mins

Income that is not PSI

9 mins

Whose PSI is it?

7 mins

Working out if the PSI rules apply: self-assess as a personal service business (PSB)

2 mins

The 80% rule

5 mins

Results test

8 mins

Unrelated clients test

5 mins

Employment test

5 mins

Business premises test

7 mins

Obtaining work through an agency

5 mins

Apply for a personal services business determination (PSBD)

3 mins

What to do when the PSI rules apply

2 mins

What to do when the PSI rules apply: claiming deductions

11 mins

What to do when the PSI rules apply: how to attribute PSI

8 mins

What to do when the PSI rules apply: PAYG

18 mins

What to do when the PSI rules apply: completing your tax return

4 mins

What to do if the PSI rules don’t apply

3 mins

Record keeping for PSI

1 mins

Help for PSI

1 mins

Case study: instructions

1 mins

Case studies: sole trader

11 mins

Case studies: partnership

12 mins

Case studies: company

12 mins

Case studies: trust

12 mins

Related courses

1 mins

Course Feedback