Jacob Fenech

So have we done two or three?

So far I've got records and like keeping records and then I've got home office expenses.

Was the seeking advice on investments a second tip or is that, I'm keeping track here.

Let's call it a second tip.

Okay, cool.

I got it.

Yeah, let's talk about it.

Can you just, before we do that, can you just explain what concessional tax contributions are?

So it's like that 9.5% or 10% or whatever it was.

this might be someone that's earning like when you say high income earning, you're talking about someone that might be even earning 80 or 90,000, a hundred thousand, not necessarily 200,000 just to be clear.

Right.

Like that works too, but yeah.

Student Owen, do you have questions on those?

Yes, I do.

So you said before, like the salary sacrifice, I guess, is what we normally know that kind of setting it up with your employer.

You said that it pays 15% tax going into the super.

So if that $10,000 goes into the super, do I have to pay that or does that happen automatically at that 15%?

Okay, cool.

And so just to confirm, if I just take my normal salary and I put it into my bank account, then it becomes after tax because my employers withheld the tax on the way through.

But then you're saying if I have say five grand, if I have 10 grand, and I think I want to put this into my super fund, I can then like BPAY or direct deposit that into my super fund.