... anyone earning under $300K, our money can go into super from our pay at a tax rate of 15%. For someone earning $100K and salary sacrificing, say, $20K into super, after the 15% tax they would have $17K invested in super and pay only 15% tax on earnings ...
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... Buyers Club will be hit with a large fine by the production company, Voltage, which will take their piracy history and salary into account. The company has said that it will force ISPs to send a letter to all 4726 users who illegally viewed the film ...
... Medicare levy). A smart way to maximise this tax saving, and so get more out of your super, is to direct part of your pre-tax salary into super. This is called salary sacrificing. And it's not only the tax saving you make when contributing. The investment ...
... is interesting. I argue it is good debt. It only grows with inflation, no interest is paid and you pay it back once your salary exceeds a pretty high $53,345. As you are on $70,000 you will be paying back about $850 a year. My advice is not to worry ...
... ensure the family has sufficient cash flow. "The best way to work is to look at what funds your family would need if your salary or wage was suddenly gone - how would they pay the mortgage, household bills, future education, etc," she says. Mu says it's ...
... tax-effective investment, as the government provides a tax deduction for contributions. If you can afford to, you should salary sacrifice into superannuation, up to the maximum contributions cap (currently $30,000 for those under 50 and $35,000 for those ...
Q. I'm 33 and have two jobs with a combined salary around $130,000. I have an investment property doing quite nicely and valued at $635,000. I've just purchased a property for $651,000 and rent it out for $750 a week. I have $18,000 sitting in an offset ...
... need around $120,000 more for a comfortable retirement. Ashenden says workers should really look at taking advantage of salary sacrificing into super and taking advantage of the tax concessions. Currently people can make concessional pre-tax contributions ...
... working full time. The strategy involves moving most of the super balance into a retirement account, increasing how much is salary sacrificed into super, and drawing down a pension income, as required by the rules, of between 4% to 10%. The tax savings ...
... a mix of winners and losers; overall I am doing fine." PAUL'S VERDICT Brent is 33 and has two jobs with a combined salary of around $130,000. He has an investment property doing quite nicely and valued at $635,000. He's just purchased a property ...
