Bank Worker

Best Tax Deductions to Claim for Bank Workers

Bank Workers receive deposits and pay out money in financial and commercial institutions, keep records of transactions, issue receipts and cash cheques.

Employment Profile

  • Average weekly pay: $1,266.15
  • Employment size: 65,310
  • Future growth: Stable
  • Skill level: Certificate II or III

Typical tax deductions include:

  • Motor vehicle travel to and from work if having shifting places of work – working at more than one site each day before returning home.
  • Motor vehicle travel between offices, visiting clients and attending training courses.
  • Phone and internet – work %.
  • Handbags, briefcases, and satchels.
  • Professional seminars, courses, conferences and workshops.
  • Overnight travel expenses visiting clients, attending different workplaces, or for training.
  • Reference books, technical journals and trade magazines.
  • Self-education courses related to the current job.
  • Home office running expenses.
  • Union fees, professional memberships and subscriptions.

Non-deductible expenses:

  • Cost of business lunches  – even if discussing business matters.

Tax Strategies we can assist you with.

  • Self-education expenses
  • Computers, tools, equipment and other assets
  • Compulsory work uniform
  • Union fees, licences, registrations and subscriptions
  • Phone and internet
  • Motor vehicle expenses: cents per km method
  • Home office running expenses
  • Handbags, briefcases and satchels
  • Overnight travel expenses


Click here to see Tax Calculator for Bank Workers.



Profit HealthCheck

The number one challenge facing business owners today
is sustainable profit. We’ll help you to make it a reality.