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13:37
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Originally posted by rebel1:
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A couple questions. If a person puts their own money from earnings, is the money classified as a tax deduction? This is for additional earnings not associated with main PAYG job. Therefore making the $$ non taxable . looking at this new fin year not the previous one.
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I think making your own contribution is equivalent to salary sacrifice - and I am sure previous poster is correct on UP TO A MAXIMUM of $27,500, after which the taxation changes to your higher rate.I think .
