Personal services income

Find out if you are receiving personal services income (PSI) and if the PSI rules apply to you.

Income that is PSI
PSI is income produced mainly (more than 50%) from your skills or efforts as an individual.

Income that is not PSI
Certain types of income are not PSI.

Working out if the PSI rules apply
If you have received PSI, you need to determine if the PSI rules apply to that income.

What to do when the PSI rules apply
When the PSI rules apply to your income, they affect how you report that PSI and the deductions you can claim.

What to do if the PSI rules don’t apply
Even when the PSI rules don't apply, you still need to declare any PSI on your tax return.

Record keeping for PSI
If you've received PSI, you need to ensure you keep the correct business records.

Seek further advice about PSI
If you are still unsure about how the PSI rules apply to your or your business, you may need to seek further advice from us or a registered tax professional.