How much would James get paid for superannuation and how much would he be eligible to salary
Fantastic news! We've Found the answer you've been seeking!
Question:
How much would James get paid for superannuation and how much would he be eligible to salary sacrifice into super in the 21/22 ($27,500 cap) financial year assuming he had total concessional contributions of $10,000 in the 2019/20 ($25,000 cap) and 2020/21 ($25,000 cap) Financial Years in Australia?
Read the following to assist you with your answer:
https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-contributions---too-much-can-mean-extra-tax/?page=2
James'salary is $160,000 per annum.
10% superannuation since 01.07.2021.
Related Book For
Posted Date: