Deductible contributions to superannuation: a change for employees, including VMOs

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Until recently employees who received ‘employer sponsored super’ could not claim a tax deduction if they made additional contributions themselves. If they wished to make higher contributions than what the employer paid, they had to enter into a salary sacrifice arrangement with their employer. The only exception being, if their income derived from employment was less than 10% of their total income. Read Moreā€¦