At the bottom of each entity, you will see the Tax Savings From Tax Planning Strategies calculation. This field aggregates all the tax savings from the line items above by comparing the Estimated Taxable Income BEFORE and AFTER implementing tax planning strategies. It then calculates the tax on both, showing the difference as the exact tax savings.

Example

If an individual makes a personal tax-deductible super contribution and selects "YES" to include the tax on super contributions in the Entity Information section, the 15% tax on the super contributions is included. The tax saving is the real net saving, resulting in a larger refund for the individual.

When the $1,500 additional tax is netted off for the tax on super fund repayments, TaxPlan calculates the real tax savings for the individual.

As always, scroll right to review the summary of the real tax savings in the Group Totals.