... Review your loan repayments. There are several comparison websites that may be useful to get the best deal for you. 2. Salary sacrifice your income If you have an employer who allows you to salary sacrifice your income, this may be something worth considering. ...
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... you're actually approaching retirement. However, the secret to building long-term wealth is to start small but start early. Salary sacrifice is where you ask your employer to deduct some of your pay and put it directly into your superannuation fund ...
... get that paid down or do I keep it in the offset account? My priority is to pay off the guarantee loan in five years. I salary sacrifice the smaller loan. I am keen to look at investing once I have paid out the smaller loan. Paul: Congratulations on ...
... The tax perks are the reason. On a 39% marginal tax rate (including 2% Medicare) you'd pay $390 on $1000. However, if you salary sacrifice that $1000 into super you'd pay just $150 in tax because contributions are taxed at 15%. Why give the tax office ...
... Airbnb or Airtasker. Those coming from a traditional employment arrangement, where tax is automatically deducted from their salary, may not realise that they need to set money aside to pay tax on their second job too. Further, the additional income can ...
... the same time, the ATO requires that you only claim the tax-free threshold from the employer who usually pays the highest salary or wage. Your second employer is required to withhold tax at the higher, "no tax-free threshold" rate. If your second payer ...
... really want to boost your super, remember a little can go a long way.... If you've got a spare $10 or so, consider salary sacrificing. Let's say, for example, you're 24 years old and you give up one green smoothie each week and instead pop ...
... money - you should be actively engaged in monitoring and managing it, whether it's finding and consolidating accounts, salary sacrificing, looking at investment strategies and fees, or simply working out how much money you need to ensure you have ...
... decisions. This is really important. People who say it was all someone else's fault learn nothing. Second, you earn a good salary and you are only 30. So by recognising your mistakes, taking responsibility for them and then knuckling down and starting ...
... just 30 and your husband 31. Your incomes are solid but not at a level where you are highly taxed. So the 15% tax on money salary sacrificed into super is not really a huge tax saving for you. Equally, you have at least 35 years to retirement. I have ...
