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  • Records you need to keep

    During the financial year you'll receive documents that are important for doing your tax, such as payment summaries, receipts, invoices and contracts.

    You need to keep these for five years from when you lodge your tax return. This is in case we ask you to substantiate your claims.

    Records you need to keep include:

    • payment summaries, including your employer and the Department of Human Services statements from your bank and other financial institutions showing the interest you've earned
    • dividend statements
    • summaries from managed investment funds
    • receipts or invoices for equipment or asset purchases and sales
    • receipts or invoices for expense claims and repairs
    • contracts
    • tenant and rental records.

    You can save time and organise your tax affairs by using the ATO app's myDeductions tool; myDeductions can keep your deductions all in one place.

    See also:

    Last modified: 03 Jun 2019QC 51465