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  • myTax 2020 Working holiday maker net income

    Complete this section if at any time during 2019–20 you:

    • were on a 417 or 462 working holiday visa, and
    • earned or derived income during this period.

    On this page:

    Things to know

    Your working holiday maker net income is the income you earned or derived while you were on a 417 or 462 working holiday visa, less deductions relating to earning that income.

    The first $37,000 of your working holiday maker net income is taxed at 15%. All other income is taxed according to your residency status.

    If your income includes lump sum or employment termination payments and is:

    • less than or equal to $37,000, you won't receive an 'employment termination payment or unused leave tax offset' on those payments
    • more than $37,000, the amount will be taxed according to your residency status.

    Completing this section

    To personalise your return to show working holiday maker net income, at Personalise return select:

    • You are claiming tax offsets, adjustments or a credit for early payment.
    • Working holiday maker net income.

    To show your working holiday maker net income, at Prepare return select 'Add/Edit' at the Adjustments banner.

    At the Working holiday maker net income heading:

    1. Answer the question Is ALL of your income and deductions in this tax return related to income you earned while you were on a 417 or 462 visa?
      No – go to step 2.
      Yes – go to step 4.
      Note: We may have populated Yes if all your income is at Salary, wages, allowances, tips, bonuses and in that section you indicated you earned that income while you were on a 417 or 462 visa.
    2. At Working holiday maker gross income, enter the total amount of working holiday maker income you earned or derived during 2019–20 while you were on a 417 or 462 visa. This includes salary or wages income showing at Income statements and payment summaries with type H.
    3. At Deductions that relate to earning your working holiday maker income, enter the total amount of allowable deductions that relate to earning your working holiday maker income.
    4. MyTax will work out your Working holiday maker net income.
    5. Select Save and continue when you have completed the Adjustments section.
      Last modified: 01 Jun 2020QC 61987