Reduction in tax concession for high income earners
From 1 July 2012, individuals with income greater than $300,000 will have the tax concession on their contributions reduced from 30% to 15% (excluding the Medicare levy).
Contractors and employees have different tax and super obligations. In the plumbing industry, individual workers are either employees or contractors. This guide is for employee plumbers, including apprentices and trainees.
July 2012 your clients may receive a once-only offer to have their excess concessional contributions refunded. If they decide to accept this offer, their excess concessional contributions will be:
Contractors and employees have different tax and super obligations. In the information communication and technology (ICT) industry, individual workers are either employees or contractors. This guide is for employee information technology (IT) managers and project managers, including apprentices.