Super Contributions
Super is money set aside over your lifetime to provide for your retirement. For most people, super contributions begin when an individual starts to work and his/her employer starts paying their super contributions. The payments made to their respective super funds are known as super guarantee contributions. In other words, it is also termed as concessional contributions. Super funds invest your money in an array of things, like shares, property and managed funds. Complying super funds receive more favorable tax treatment than individuals and...
read moreAdvantage Salary Packaging
In simple terms, Salary packaging is an Australian Tax Office approved way of restructuring your income. By opting for Salary Packaging you can buy goods and services or pay personal expenses and costs from before tax income rather than after tax income – resulting in tax benefits and better income! Why Salary package? This is an effective and Australian Taxation Office (ATO) compliant arrangement that gives more buying power to you as you are restoring the tax dollars that would otherwise be withheld from your pay and paid to the ATO for...
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