I discovered, to prevent losing 37-45% of my pension and other incomes I could move some of my pay into my ADF Super, my partners Superannuation, and for childcare or package purchases.
For every dollar I move or claim on my tax return, a dollar of my pension or other investments drops down a tax bracket saving me more and ensuring my future self is richer.
The process is called salary-sacrificing and can be done through smart.com. They are the exclusive appointed provider for defence. They also offer discounted vouchers and other packaging options.
Should any of your non-defence dependants wish to salary sacrifice they can discuss it directly with their employer in the 1st instance.
Doing your tax self-assessment is possible through the My Gov and ATO-app once you’re in Australia. It is also possible to get a very cheap tax assessment done through tax season at your local mall. Pop up tax stalls appear next to every coffee shop or bakery offering to do your tax return quick and can be as low as $75.
I personally use a seasoned tax agent who specialises in military claims. Their knowledge on what I can claim has benefited me in the long term. I do pay $500 for their services but:
I will break down tax claims for military with examples further in the site where it is more relevant.
I will update this site annually, keep coming back to know the changes that affect you!