pink poodle
気が狂っている男
What is the maximum I can deposit into my super for a government co-contribution these days?
I suppose it don't matter as long as you're getting screwed by someonegovernment- Otherwise hookers and coke!
Newcastle tax agent I use, Peter Morgan, is a wealth of knowledge and is good for advice on this topic. I recommend giving him a call.What is the maximum I can deposit into my super for a government co-contribution these days?
everyone else is pulling money out... are you just trying to be different?So...I'm well behind on the world of super, forgot co-contributions might actually be a technical term. But that link seems to be the one!
Just looking to drop a little cash know my super, if the government is going to back me up. Otherwise hookers and coke!
Different payment methods can stuff you up meeting the deadline as well.It's $1,000 if you meet the means test criteria...the Feds will, for that coin, spot you another $500.
My super fund closes for this sort of shenanigans today...
How much is it?What is the maximum I can deposit into my super for a government co-contribution these days?
True. Fortunately, my super fund has already acknowledged my contribution to their coffers...everyone else is pulling money out... are you just trying to be different?
Different payment methods can stuff you up meeting the deadline as well.
I sold some bike parts and decided to throw cash into my super as I don't have an immediate need for it. This year has been pretty slim on employer contributions! I was pretty sure the government were still co-contributing if you met the criteria. I just couldn't remember the finer details and was at work.everyone else is pulling money out... are you just trying to be different?
I know a lot that are doing the loophole where you take it out and chuck it back in at a lower tax rate.It's best not to pull money out super unless you are absolutely desperate.
That's true but in principle depending on your age your super should sit there longer than what your mortgage duration is and it should earn more than you would save under the current interest rates.I just didn't qualify, but I would've liked to have been able to pull the 10K out and pay it into my mortgage. Long term benefit is similar either way, but would've helped knock down the principle of the loan.
Pretty close in terms of time-frames. Maybe 6 years difference between the end of my loan term and official "retirement age". I'm paying slightly above standard repayments on the mortgage as-is, but I would really like to drive it down as quickly as possible so I'm not just finishing paying it off as I approach retirement age. I'm not that financially/investment focused, but the house will probably (subject to a million variables) appreciate in value faster than my super over the long term too, so 10K into the mortgage now will probably be worth more in the long term that what it would've accrued in interest in super over the same time-frame. I'm biased anyway, as it's all a crap-shoot with the way the world is heading - and I'd rather have the dollars somewhere I have some control over them than locked away. Each to their own though...That's true but in principle depending on your age your super should sit there longer than what your mortgage duration is and it should earn more than you would save under the current interest rates.
That's fair enough, at the current retirement age my super still has to sit there for a good 18 years and by the time I reach retirement age there won't be a retirement age anymore and I'm hoping to be done with the mortgage long before then.Pretty close in terms of time-frames. Maybe 6 years difference between the end of my loan term and official "retirement age". I'm paying slightly above standard repayments on the mortgage as-is, but I would really like to drive it down as quickly as possible so I'm not just finishing paying it off as I approach retirement age. I'm not that financially/investment focused, but the house will probably (subject to a million variables) appreciate in value faster than my super over the long term too, so 10K into the mortgage now will probably be worth more in the long term that what it would've accrued in interest in super over the same time-frame. I'm biased anyway, as it's all a crap-shoot with the way the world is heading - and I'd rather have the dollars somewhere I have some control over them than locked away. Each to their own though...
I was actually wondering about putting in and pulling out...put in $1k, gov puts in $500, pull out $1k...wondering what sort of check and balances were in place etc to prevent people doing that?I know a lot that are doing the loophole where you take it out and chuck it back in at a lower tax rate.
It just won't be called retirement age. Your light will go red and Logan will come to sign you off.That's fair enough, at the current retirement age my super still has to sit there for a good 18 years and by the time I reach retirement age there won't be a retirement age anymore and I'm hoping to be done with the mortgage long before then.
Legit loophole. You take super out and you can sacrifice your salary back in.I was actually wondering about putting in and pulling out...put in $1k, gov puts in $500, pull out $1k...wondering what sort of check and balances were in place etc to prevent people doing that?
If only I had salary to do so.Legit loophole. You take super out and you can sacrifice your salary back in.