“If you use the $20,000 to make a concessional contribution… net tax saving of about $3,400”
♫
Said on Get Started Investing
“If your income's over $250,000, contributions to super are taxed at 30%… means less of a tax saving”
Matt Ingram · Equity Mates Investing Podcast · Ask an Adviser: Debt recycling, super & investing for kids - Community mailbag with Matt Ingram
Play from 30:23
30:23
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
warned that high-income earners (> $250k) face Division 293 tax, making concessional contributions taxed at 30% instead of 15%
$250,000 income threshold; 30% tax rate for high earners
Said nearby on the same subject
“We've got a flat tax rate... contribute, pay 15% tax, 10% capital gains tax until retirement. And then you pay no tax.”
SW
Stuart Weems
Investopoly ·
“If your client is a very high income earner ... using 90 as a base case, you're going to want to test something higher”
SL
Spencer Look
The Long View ·
“When you move to an allocated pension… earnings become tax-free, withdrawals become tax-free… you can re-contribute it to super”
MI
Matt Ingram
Equity Mates Investing Podcast ·
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.