Complete this section if at any time during 2020–21 you:
- were in Australia on a 417 or 462 working holiday visa, and
- earned or derived income during this period.
Things to know
Your working holiday maker net income is the income you earned or derived while you were in Australia on a 417 or 462 working holiday visa, less deductions relating to earning that income.
The first $45,000 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 $45,000, you won't receive an 'employment termination payment or unused leave tax offset' on those payments
- more than $45,000, 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:
- 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. - At Working holiday maker gross income, enter the total amount of working holiday maker income you earned or derived during 2020–21 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.
- 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.
- MyTax will work out your Working holiday maker net income.
- Select Save and continue when you have completed the Adjustments section.