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TheZz(Newbie)Newbie
8 July 2024

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?

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Bruce4Tax(Taxicorn)Taxicorn
9 July 2024

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?


Not correct


But it appears that in some government income calculation contexts, any contribution I make is still considered a part of my taxable income.


Just the same if employed.


Can a self-employed person pay into superannuation and it actually reduce their income?


Yes



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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
9 July 2024

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?


Not correct


But it appears that in some government income calculation contexts, any contribution I make is still considered a part of my taxable income.


Just the same if employed.


Can a self-employed person pay into superannuation and it actually reduce their income?


Yes



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Superannuation and self-employed | ATO Community