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Get Ready: Understanding PAYG Tax

The hardest thing in the world to understand is the income tax.

Albert Einstein

Learn how PAYG (Pay As You Go) tax works and discover the deductions most Australian employees miss.

This Step Takes: 20 minutes

Learn PAYG basics, explore your payslip, discover the 4 tax reducers, and play the deduction matching game.

Why This Matters

Average Australians miss $2,000+ in deductions yearly. Learn what you can claim.

How PAYG Tax Works

Your employer withholds tax from each paycheck and sends it to the ATO on your behalf. At tax time, you reconcile what was withheld vs what you actually owe.

Your Payslip Decoded

Hover over each item to learn what it means

Gross Pay

$3,269.231

per fortnight

PAYG Tax Withheld

Reduces taxable income

$785

per fortnight

Superannuation

Reduces taxable income

$376

per fortnight

Net Pay

$2,484.231

per fortnight

💡 Key Insight:

Your employer withholds $785 per fortnight in PAYG tax. If you claim deductions in your tax return, you may get some of this back as a refund!

Example based on $85,000 annual salary • Your actual payslip will vary based on your circumstances

The PAYG System

PAYG stands for "Pay As You Go". Instead of paying all your tax in one lump sum, it's withheld throughout the year. Your tax return is where you claim deductions and get a refund if too much was withheld.

The 4 Ways to Reduce Your Tax

As a PAYG employee, you have four main strategies to reduce your tax bill.

Work Deductions

Claim work-related expenses like WFH costs, car travel to client meetings, uniforms, and professional development. The most commonly missed tax savings.

Super Contributions

Salary sacrifice into super reduces your taxable income. You pay 15% tax in super instead of your marginal rate (up to 45%). Powerful for high earners.

Tax Offsets

Direct reductions to your tax bill for specific circumstances (LITO, seniors, pensioners). These are automatic if you're eligible.

Timing Strategies

Defer income or bring forward deductions to optimize your tax across financial years. Advanced strategy for variable income earners.

Focus on What You Can Control

As an employee, work deductions and super contributions are your biggest opportunities. Tax offsets are automatic, and timing strategies require careful planning with an accountant.

Deduction Category Matcher

Drag each deduction to its correct category. Can you get them all right?

💼 Drag these deductions to their categories:

Home internet used for work emails

Driving to client meetings (not commute)

Steel-capped boots for construction site

Online course to improve work skills

Laptop computer for work projects

Parking fees at work-related events

Work From Home

Car & Travel

Uniform & Safety

Self-Education

💡 Tip: You can re-arrange items by dragging them between categories before checking your answers

Tax-101 for PAYG - Get Ready: Complete

  • PAYG (Pay As You Go) tax is withheld from each paycheck throughout the year
  • You can reduce tax through 4 ways: work deductions, super contributions, tax offsets, and timing strategies
  • Most Australian employees miss $2,000+ in legitimate deductions annually

Homework

Reflect

What work-related expenses do you currently have that might be tax deductible?

Action

Grab your latest payslip and identify the 'PAYG Withheld' amount. This is what gets reconciled when you lodge your tax return.

What's Next?

20 minutes