Super Basics
Super is money set aside over your lifetime to provide for your retirement. For most people, super begins when you start work and your employer starts paying super for you – these payments are known as super guarantee contributions or concessional contributions.
Super funds invest your money in many things, such as shares, property and managed funds. Complying super funds receive more favourable tax treatment than individuals and companies
How income tax works
Source: www.ato.gov.au
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The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
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