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  • Tax for individuals

    Tax is the money we collect on behalf of the government. It is used to pay for services the government provides, such as hospitals, schools, roads and railways.

    You may need to pay tax if you get income from:

    • employment
    • Centrelink and other government payments
    • pensions and annuities
    • foreign sources
    • crowdfunding
    • investments (including interest, dividends, rent and capital gains tax)
    • a business, partnership or trust
    • other sources (such as compensation and insurance payouts, prizes and awards and income from rendering personal services).

    The amount of tax you pay depends on how much money you earn and if you have a tax file number (TFN). If you don’t have a TFN, you may be paying too much tax.

    When you're receiving income, you need to lodge a tax return each year at tax time.

    Find out about:

    See also:

    Super for individuals

    Last modified: 02 Oct 2019QC 39590