Can Your MBA (or Other Studies) Give You a Tax Advantage?

Investing in further education is often about career growth – but it can also have tax implications if handled correctly. The key is whether the study directly relates to your current job or business activities.

Understanding Deductibility

• FEE-HELP or privately funded courses may be deductible if they improve your skills for your current role.
• HECS-HELP courses are generally not deductible, even if relevant to your work.
• Employer-provided allowances are assessable income, but eligible expenses may still be claimed.

Practical Tips

• Maintain documentation linking the course to your current role.
• Only claim expenses that are genuinely connected to your current employment (tuition, textbooks, travel).
• Consider a private ruling if you have a large claim – it gives certainty and reduces ATO risk.

Why It Matters

Handled correctly, claiming self-education deductions can save thousands at tax time, while boosting professional development.

Before committing to further study or claiming deductions, speak to us. We can help assess whether your course is deductible and ensure your claims are compliant. Call 1800 618 800 or email admin@simmonslivingstone.com.au.