A-Z index

Personal services income

Claiming deductions when receiving PSI
If you received personal services income (PSI) and the PSI rules apply, the rules limit the deductions you can claim against this income.
PAYG payment summary - business & personal services income
Complete this payment summary to provide details of amounts you have withheld from business and personal services income for the 2009–10 and later years. NAT 72545
PAYG when receiving PSI
You will have additional PAYG withholding obligations if the PSI your business received hasn't been promptly paid to each individual who performed the service, as salary or wages.
PSI - otaining work through an agency
Obtaining work through an agency (for example, a labour hire firm) can affect whether the PSI rule apply to your income
Personal services income
Personal services income, defined as a reward for, or the result of, your personal efforts or skills, can affect tax obligations for contractors and consultants.