I am 60. I have a large tax debt personal and business {sole trader}. I am working toward retirement so my income has dropped considerably from 750000 pa to 215000 pa.
I will not be going back to that level of earning. My tax debt was acquired when my earnings were higher. I am struggling to cover my debt, and the interest being charged and my mortgage. I have already drawn 100000 from super this 12 months to pay down some tax debt but I am asking how I could use my super to pay out my debt now in light of my circumstances.
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1,442 views1 replies
1 replies
1,442 views
1 replies