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  1. Paul@PFI

    Superannuation

    "Superannuation in Australia is a Ponzi scheme" 100% incorrect. Unfortunate that in these days of growing financial literacy that such a comment is made. ASICs website also has a very good deal of information. http://www.financialliteracy.gov.au/ I explains the strategy to educate those who...
  2. Paul@PFI

    Superannuation

    This is very common. A good rule for business is pay yourself first. Perhaps a sign your tax adviser isn't advising well.?
  3. Paul@PFI

    Superannuation

    If you are an employee of your company too then the company is in breach of tax laws. The ATO can penalise you as the Director for this. Its not a choice I'm afraid. There is no compulsory wages you must be paid but if you receive remuneration then 9.5% super is mandatory. You cant chose to...
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