selling investment and contributing to super, page-3

  1. 29,711 Posts.
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    best check it out for yourself. in broad terms this is how it works out

    eg $200,000 profit - but only 50% taxable - ie taxable capital gain of $100,000. normal tax on $100,000 = approx $35,000. put $100,000 into super and get $100,000 tax deduction - and pay only $15,000 in tax

    the proviso is as per minerva's post. might be worthwhile taking a year of work if the sums involved are substantial

    best double check everything
 
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