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Completing Your Superannuation Guarantee Charge Statement Quarterly Nat 9600 Form

Completing Your Superannuation Guarantee Charge Statement Quarterly Nat 9600 Form

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[Music] making personal after-tax super contributions may be a smart way to reduce tax now and grow your super tomorrow but how does it work let's walk you through some fast facts to get you up to speed firstly what are personal contributions basically it's any after-tax money you pay into your q super account like with say a bank transfer or bpay so next you're probably wondering how paying more into your super may help save you a tax time the short answer is by claiming those personal contributions as a tax deduction if you're eligible let's break down how that works let's say you've made a personal after-tax contribution and you're eligible to claim it as a tax deduction when you do that this contribution may be subject to a 15 contributions tax you get to claim the full contribution amount as a tax deduction though so provided your marginal tax rate more than 15 which it is for most taxpayers you may end up paying less

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