Got a question? Want help finding an adviser?
Email us or call us on 132 652 today.
If you arrange with your employer to sacrifice some of your pre-tax salary into super you will pay a maximum tax rate of 15%, instead of your marginal rate which could be up to
46.5%*.
This strategy could enable you to pay less tax on your salary and make a larger investment for your retirement.
If you are self-employed**, similar benefits are also available if you invest some of your business income in super and claim a tax deduction for it.
To find out whether this strategy may be suitable for you, seek financial advice.
* Includes a Medicare levy of 1.5%.
** To qualify as self-employed, you need to earn less than 10% of your assessable income plus reportable fringe benefits from eligible employment.
Copyright © MLC