Task D4.1 Making a difference to my super

How much money will you need before you stop working? Use the superannuation calculator from the MoneySmart website to work out your final super.

 

Task D4.1 Making a difference to my super
Type: Mixed
Questions: 16
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Tax-free threshold

Individuals who are Australian residents for taxation purposes pay no tax on the first $18,200 taxable income for the full financial year. This is called the tax-free threshold. They may claim the tax-free threshold from one employer only. Non-residents cannot claim the tax-free threshold.

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