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From 1 July 2021, the general concessional contributions cap is $27,500 for all individuals regardless of age. It includes: compulsory superannuation guarantee contribution any additional concessional contributions your employer makes any salary sacrifice payments made to your super fund When...

Most individuals need to declare to the Australian Tax Office (ATO) their annual income in order for ATO to work out how much tax is payable. As your employer will already have made a compulsory withheld on your wages, your...

A tax file number (TFN) is a unique lifetime’s number regardless of any personal changes. You can choose not to request a TFN nevertheless if you don’t have a TFN, you will have taxes deducted at maximum rate from any...

Understand the basic Medicare Levy System in Australia When you are entitled to get benefits from the Australian health care system, there is two different additional taxes paid on top of your personal income tax: -The compulsory contribution paid by...

Australians or Permanent residents: do not forget to include your foreign income! If you are an Australian or a permanent resident for tax purpose, you are taxed on your worldwide income. This means you must declare all your foreign income...