In the 1950s, some ATO personnel informally referred to the tax laws as Pig's Stew because they collected Payroll tax, Income tax, Gift duty, Sales tax, Stevedoring industry charge, Tobacco charge, Estate duty and Wool tax.
There are 12 questions in this lesson.
What factors help your super grow? Explore the impact of the following:
- making super contributions earlier
- earning a higher income
- delaying retirement beyond 67
- making additional payments above your employer's 9.5% contribution
- paying lower management fees.
Use the superannuation calculator provided on the MoneySmart website. This calculator allows you to input data to work out superannuation.
Where no specific data is provided in this task, you should use the data already entered into the superannuation calculator on the MoneySmart website.
A tax levied by state and territory governments on the total wages, salaries and non-cash benefits paid to employees. The rates and exemption levels vary among the states and territories.read more glossary terms