... there is plenty you can do! First, given your high income and large amount of savings, I would be maxing out your super by salary sacrificing $25,000. Don't forget this is the total deductible amount you can put in, including any contributions from ...
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... wealth-creation strategies. On a 39% marginal tax rate (including 2% Medicare) you'd pay $390 on $1000. However, if you salary sacrifice the $1000 into super you'd pay just $150 because contributions are taxed at 15%. Why give the tax office ...
... their superannuation. Closing a loophole that could be used by unscrupulous employers to shortchange employees who use salary sacrifice arrangements. The loophole allows employers to calculate the amount they owe their workers based on the salary minus ...
... It's all about budget buckets, growing your money, topping up your super, paying off your home, how to save from your salary, and protecting your money. How to rent with a pet Almost two-thirds of Aussie households have at least one pet, but what ...
... the rent and/or sale proceeds may be tax free. (Subject to the $1.6m pension transfer limit per member from 1 July 2017.) Salary sacrifice You can salary sacrifice additional income to pay off the loan quicker from pre-tax dollars. Paying 15% tax on ...
... combined superannuation is $360,000. We both work full time - my wife's income is $130,000 and mine is $72,000. We both salary sacrifice the maximum amount. We're looking at cutting back our hours and selling our rental property, then renovating our ...
... it be best to have our own individual super? I was thinking that perhaps because I'm a partner in his business we could salary sacrifice some from the business and some from my part-time TAFE work into my superannuation. (I work part time due to not ...
... the future. There are a number of powerful strategies to rev up your super, including making the right investment choice, salary sacrificing, contributing for your spouse, taking advantage of the government's co-contribution, consolidating your accounts ...
... decision only you and your wife can make. In terms of other options, in your situation I would look at topping up super via salary sacrifice.
... company at that time it was hard to value. I assume you are putting the maximum amount of $25,000 a year into your super via salary sacrifice, and in terms of super for your wife the answer is yes. If your wife earns less than $37,000 you can make a ...
