Operating as a sub-contractor how do I pay myself tax, if my contractor is paying my super?

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 · Accepted Answer

WendyATO · Answer

That's great you want to put money aside for your tax at the end of the financial year. You do have two options with us how to do this. One is to make the voluntary payments (https://www.ato.gov.au/Individuals/Study-and-training-support-loans/Voluntary-repayments/) into your Income Tax account that will sit there as a credit until your account goes into debt. Second option is enter Pay As You go instalments voluntarily (https://www.ato.gov.au/General/Other-languages/In-detail/Information-in-other-languages/Pay-as-you-go-instalments-for-business-and-investment-income/) this is for people like yourself where they earn business income not taxed at the original source. Either option will achieve the same result just comes down to preference and frequency you want to pay.

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