I want to get the offset or reduce the tax by the Spouse contributions and the Personal contribution, but I am confused.
For Spouse contributions, if I am using after-tax money (the mid-resident tax rates 32.5%) to contribute my spouse's super, I can get $540 offset maximum). However, if it is possible to do contribution using employer contribution, is that mean it will only be charged 15% (the concessional contributions tax rate)? If I do it in Nov 2024, can I claim it for 2023-24 tax return?
For personal contribution, the general concessional contributions cap was $27,500, and they can carry forward up to five-years. If I make a $100 contribution in Nov 2024 and claim a tax deduction, is that the super management company will put $85 into my super account, and I need to wait and claim $100*32.5% (using the mid-resident tax rates 32.5%) in the 2024-25 tax return?
There is no tax deduction, what is the benefits of non-concessional contributions?
Thank you very mcuh!
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