Salary sacrifice is a strategy used to divert money before income tax has been paid or withheld. It is commonly used in a superannuation accumulation strategy to direct money straight from an employer to an employee’s superannuation fund.
If you are self-employed, you can make personal contributions to a superannuation fund as a long-term retirement strategy – and claim a tax deduction.
How to Access or withdraw my super? Australia’s Superannuation system was designed to fund the retirement of our growing population, so, typically, we cannot access or withdraw super until we retire.
A transition to retirement strategy is a superannuation account-based income stream that can be started when a person reaches their preservation age.
The Australian tax system works by charging a higher tax rate for those who earn a higher income. It is a marginal income tax system.
You may not realise it unless you have studied accounting or worked in a large business, but accounting is about more than your yearly tax return.
Negative gearing is a strategy used by people to grow the value of their investment while keeping their tax as low as possible. Investors use negative gearing because the interest repayments on loans are typically tax deductible against their personal income.
Medicare Levy & Medicare Levy Surcharge Explained. To have access to a great public healthcare system, most Australian residents pay the Medicare Levy, which is 2% of taxable income.
Australian Marginal Tax Rates Explained. In Australia, more income tax is paid for every dollar you earn, less your allowable tax deduction.
Salary sacrifice is a strategy used to divert money before income tax has been paid or withheld. It is commonly used in a superannuation accumulation strategy to direct money straight from an employer to an employee’s superannuation fund.
If you are self-employed, you can make personal contributions to a superannuation fund as a long-term retirement strategy – and claim a tax deduction.
How to Access or withdraw my super? Australia’s Superannuation system was designed to fund the retirement of our growing population, so, typically, we cannot access or withdraw super until we retire.
A transition to retirement strategy is a superannuation account-based income stream that can be started when a person reaches their preservation age.
The Australian tax system works by charging a higher tax rate for those who earn a higher income. It is a marginal income tax system.
You may not realise it unless you have studied accounting or worked in a large business, but accounting is about more than your yearly tax return.
Negative gearing is a strategy used by people to grow the value of their investment while keeping their tax as low as possible. Investors use negative gearing because the interest repayments on loans are typically tax deductible against their personal income.
Medicare Levy & Medicare Levy Surcharge Explained. To have access to a great public healthcare system, most Australian residents pay the Medicare Levy, which is 2% of taxable income.
Australian Marginal Tax Rates Explained. In Australia, more income tax is paid for every dollar you earn, less your allowable tax deduction.
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