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Essentials of investing in shares

2:38 PM
These materials are from Australian Securities Exchange (ASX) ==================================
Getting into the Share market

What is a share?

What is the Share market?

How to buy and sell shares.

What is a dividend?

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You can access Peso and Sense full video if you are interested on materials from the Philippines http://pesosandsense.com/the-tv-show/
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The Good Guys: Recieve 2x $25 credits when you subscribe for digital catalagues (Ends Aug-5)

11:44 AM

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The Good Guys: Recieve 2x $25 credits when you subscribe for digital catalagues (Ends Aug-5) The Good Guys: Recieve 2x $25 credits when you subscribe for digital catalagues (Ends Aug-5) Reviewed by on 11:44 AM Rating: 5

SUPER: HOW DO SPOUSE CONTRIBUTIONS WORK?

9:36 AM


HOW DO SPOUSE CONTRIBUTIONS WORK?


To better understand how spouse contributions work in practice, let’s take a look at Greg’s example. We are only looking at tax in this example, not investment earnings.
  • Greg has a salary of $75,000 per year (before deductions, including tax).
  • Greg would like to make a contribution into his spouse’s superannuation account to help boost her super balance and to benefit from the spouse contribution tax offset.
Greg’s current situation
Gross salary income $75,000
- Income tax $17,422
Net disposable income $57,578
If Greg had a non-working spouse
If Greg contributed $3,000 after tax into his non-working spouse’s super account, he would be eligible to receive a $540 tax offset.
Here’s how it would look based on Feb 2015 tax and Medicare rates:
Gross salary income $75,000
- Income tax $17,422
+ Tax offset $540
Net disposable income $58,118
- (After-tax) spouse contribution $3,000Net income after spouse contribution $55,118
If Greg’s spouse had an assessable income of $12,000
If Greg contributed $3,000 after-tax into his spouse’s super account, and she earned an assessable income of $12,000, he would be eligible to receive a $324 tax offset.
Here’s how it would look:
Gross salary income $75,000
- Income tax $17,422
+ Tax offset $324
Net disposable income $57,902
- (After-tax) spouse contribution $3,000Net income after spouse contribution $54,902

Source: IndustrySuper
SUPER: HOW DO SPOUSE CONTRIBUTIONS WORK? SUPER:  HOW DO SPOUSE CONTRIBUTIONS WORK? Reviewed by on 9:36 AM Rating: 5

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