Income from a business structure
Personal services income (PSI) is income that is mainly (more than 50%) a reward for your personal efforts or skills.
PSI is to be distinguished from income that is mainly from any of the following:
- the use of assets (for example, a semi-trailer or bulldozer)
- the sale of assets (for example, trading stock)
- a business structure.
This information will help you decide whether your income is PSI or if it is income generated by a business structure.
When we say 'you' or 'your business', we mean the entity you operate through, whether that is as a sole trader, or through a company, partnership or trust.
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