Your client Bunji is single, owns his own home and is retired on a full age pension.

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Your client Bunji is single, owns his own home and is retired on a full age pension. However, this tax year he will earn $14,000 as he did some work part-time. He wants to salary sacrifice up to $9100 of this $14,000.

Questions:

Is Bunji eligible to salary sacrifice while also retired on full age pension?
Will he incur a tax bill? Why?
How much tax will Bunji pay?

Related Book For answer-question

Management Accounting

ISBN: 9780730369387

4th Edition

Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey

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Posted Date: Jul 14, 2023 03:46 AM

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Your client Bunji is single, owns his own home and is retired on a full age pension.

Question:

Expert Answer:

I can provide general information about salary sacrifice and taxes However please note that I am not a certified financial advisor and its always reco... View the full answer

Management Accounting

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