Molly is 47 and is on a salary of $117,000 + SGC (10%). Calculate how much she
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Question:
Assuming her salary has not changed since 1 July 2017, and that Molly has $330,000 in cash reserves which she would like to invest in Superannuation, what are her options to contribute to Superannuation and save income tax? Why is it important she does this soon?
Provide calculations to support your answer.
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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