Tax with Max: Making self-employed super contributions

Qualifying as self-employed for super purposes and understanding the rules about loans to an SMSF.

Summary: There are two tests to pass before a contribution can be regarded as a tax-deductible concessional self-employed contribution. Under the first, a person cannot receive any super support from an employer over a financial year. The second test allows a person to qualify as self-employed if they only received minor employer super support during a financial year.

Key take-out: To pass the second test, employment income – including salary, wages, exempt income, reportable fringe benefits and reportable employer super contributions – must be less than 10 per cent of a person’s total assessable income.

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