45% 30% 15% 0% on Taxable Income +medicare levies NET INCOME - - PowerPoint PPT Presentation

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45% 30% 15% 0% on Taxable Income +medicare levies NET INCOME - - PowerPoint PPT Presentation

4 TAX ZONES: INCOME GROSS INCOME Super Super Ownership: Individual Company Accumulation Pension Calculate Calculate Calculate Calculate taxable income taxable income taxable income taxable income upto upto upto Rate: 45% 30%


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upto

45%

upto

30%

upto

15% 0%

Pension

Super

Accumulation

Super Company Individual Ownership:

GROSS INCOME

Rate:

NET INCOME

Calculate taxable income Calculate taxable income Calculate taxable income Calculate taxable income

  • n Taxable Income

4 TAX ZONES: INCOME

Examples of Income:

  • employment
  • pensions & annuities
  • investments
  • interest
  • dividends
  • rent
  • managed funds distributions
  • capital gains
  • income from trusts, partnerships, businesses
  • foreign income

Taxable Income:

  • +medicare levies

www.whatifadvice.com.au www.medicalmoney.com

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