Mark earned $36,000 assessable income during the 2015/16 financial year and also has reportable fringe benefits of $8000. Mark's employer contributes $3000 to an industry superannuation fund and Mark contributes $1000 as a personal contribution. What superannuation taxation concessions would Mark and his employer be entitled to?
Are there any alternative strategies that you might recommend?
Following superannuation taxation concessions would Mark and his employer be entitled to :
Mark (3000+1000) = 4000
Mark's Employer = 3000
Alternative Strategies :
Mark can also make investment in LIC & Contribution to PPF Charitable Trust to get concessions from total income
Mark earned $36,000 assessable income during the 2015/16 financial year and also has reportable fringe benefits...
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