... an income stream with no tax," says Minchin Moore's Mark McShane. He says if your employer doesn't allow you to salary sacrifice you can add extra yourself and claim the tax deduction. The sooner you start pumping up your super, the sooner compounding ...
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... payments and schemes will be handled come tax time. JobKeeper will be included in your income statement as either a wage, salary or allowance. "If you've received JobKeeper payments from your employer, you don't need to do anything different," says assistant ...
... third of Australian employees (28%) are satisfied with their current employment benefits, according to the latest Hays Salary Guide. Employees are increasingly looking for regular flexible work practices (79%), career progression opportunities (52%) ...
... superannuation guarantee - put on ice for six years - finally kicks in on July 1. All employees will receive 10% of their salary paid as superannuation, up from 9.5%. The biggest winners will be employees on award wages or enterprise agreements negotiated ...
... even more so in recent years. When I bought my first property, the ratio of the cost of my house relative to my junior salary then was five to one. Today, my niece has to contend with an almost 12 to 1 ratio for an average unit in a suburb in northern ...
... The FI Explorer's tips The key to Jason's accumulation of capital is automatically investing around 60% of his salary from his corporate job, including any raises or bonuses. Once the money is saved, the investments do the heavy work of growing. ...
... Instead it is passing the cost onto employees. Employees on individual contracts or a total employment package that binds salary and superannuation together are finding out whether they are winners or losers with the payment of the Super Guarantee (SG). ...
... you are only 50, so I suspect you will have at least another decade to add to your wealth. Firstly, top up your super via salary sacrifice to the maximum $25,000 each ($27,500 from July 1). This is just wealth-creation magic. You no longer have mortgage ...
... you through the initial COVID-19 period before JobKeeper was announced, this should already be included as part of your salary and wages. You shouldn't have to do anything different with your income statement when it comes to placing your tax return. ...
... hairy-nosed wombat. What's been your best money-making career move? Every time I've got a new job I've doubled my salary, so I think being good at your job and giving your employer a long-term commitment but then making a move when you need ...
