It seems like self-employed people get penalised because they can't pay into their own superannuation and get the same benefits as an employed person. Is this correct?
I want to be able to lower my income - just like any "employed" person has that benefit. I don't want to engage in sub-optimal tax-reducing options.
But it appears that in some government income calculation contexts, any contribution I make is still considered a part of my taxable income.
Can a self-employed person pay into superannuation and it actually reduce their income?