Jacob Fenech

You don't need to substantiate.

You just need to keep records of how you got to it.

So, it's pretty easy to do.

The other one would be like any sort of self-education that we spoke to just before around like courses or things you're doing and paying for in the course of whatever it is your job is.

So...

I think even, I mean, I would extend that to probably the next one is professional memberships, me being, say, like a chartered accountant and paying that fee.

If it's reimbursed, I can't claim it.

If it's not, then I can.

So keeping track of those, even union fees and things that you might think it's just an annoyance, you have to pay at the time, but then realistically they're all things that are super relevant to your tax.

So as an employee, they're the things that I'm kind of coming back to to claim it at the end of the year for sure.

Definitely.

So the first one is...

Wait for your statements.

So this is what I would say.

It's really, and I'll elaborate on what I mean.

So basically, if you invest in, whether it's an ETF or it's a managed fund or it is, there's a heap out there in terms of how you can actually coordinate where your cash goes.

Definitely, there should be a year-end statement that you get.

And a lot of those statements are actually provided to the tax office as well and a link to your tax file number.

So what can be annoying is if you've kind of kept your own records and you jump the gun, you just want to get your tax return in and done and you want any refund that's due to you and you haven't actually received that tax statement, it can definitely confuse the process even if there's minor amounts that differ from those statements.

So you might have tracked separately capital gains, for instance, and then when you get the statement at year end, it's slightly off and you think, oh, it doesn't really matter.