Jacob Fenech

And it probably still will for quite some time.

As a result of that, we've had a lot of people moving to work from home.

I think the internet uses WFH for short.

We've also seen a lot more people, many more people using, taking up gig work or being part of the sharing economy, making money from Airbnb or renting out their apartment that they no longer have a tenant in.

People turning on Uber or getting on AirTasker, doing odd jobs here and there to make some extra cash.

And then we've got small businesses that have had to make pivots and who are also eligible for a lot of things when it comes to government benefits, subsidies around employees and

And then we've got changes for contractors too.

So people that might be sole traders working freelance or something like that.

So there's a lot to take into account.

And before we start talking about this, I just do want to make a mention and Jacob and I just had a chat about this off air is when we talk about examples or we talk about things, just keep in mind that a lot of these things are specific to people and the structure that you're in, whether you're an individual, whether you're

an Australian resident for tax purposes, whether you're not, whether... All these different things.

So this is where it's important to speak with a tax professional who can understand your specific situation, especially if you're confused about what you're eligible for and what deductions you can claim.

So I'll just keep that disclaimer in your mind.

The first thing that I want to talk about, and this is not something that's changed necessarily this week or even this month, it's just the key change to super...

recently was an increase in the super contributions that you can put in, as we call a concessional contribution.

So this is like when you make a salary sacrifice into super, people might be aware of that, or when you put money into super and you claim a tax deduction.

So the threshold for this has gone up from $25,000 to $27,500.

So I think you can talk to the kind of the tax element of this, Jacob, but

Is this just as simple as I put money in and I claim a tax deduction for the amount of money I put in?

Is there anything else that people should be aware of from the ATO side of things?