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Above-average special professional income

Last updated 13 July 2020

Your above-average special professional income is the amount of TPI you earned during the income year that is more than your average TPI. Your total tax payable is the sum of tax on your above-average special professional income and tax on your other income - step 1 explains 'other income'. If there is no above-average special professional income - that is, TPI is equal to or less than your average TPI - you will pay tax at ordinary rates on your taxable income.

QC93473