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Andrew, aged 49, is an Australian resident for tax purposes. Andrew is employed as the CEO for the firm call Business Time Pty Ltd His
Andrew, aged 49, is an Australian resident for tax purposes. Andrew is employed as the CEO for the firm call Business Time Pty Ltd
His salary $135,000 pa
Super sponsor by employer $18,000
Salary sacrificing to super fund $15,000
Personal contribution to superannuation fund $40,000
Question: how these contributions are taxed in this superannuation fund? what the income tax implications to him personally as a result of these superannuation contributions.
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