Join our investing community

Super deductibility

Discussion in 'Superannuation, SMSF & Personal Insurance' started by frankie, 12th Jun, 2008.

  1. frankie

    frankie Member

    Joined:
    14th Oct, 2007
    Posts:
    9
    Location:
    sydney
    A quick question...

    If I undertake admin and accounting work (as a contractor) for my partner and we negotiate a payment for this work of $5000 plus $30,000 into my super fund per annum.

    Is this reasonable and can my partner get a deduction for both these amounts?

    Thanks
     
  2. MattR

    MattR Well-Known Member

    Joined:
    23rd May, 2007
    Posts:
    229
    Location:
    Sydney
  3. frankie

    frankie Member

    Joined:
    14th Oct, 2007
    Posts:
    9
    Location:
    sydney
    Thanks Matt,

    I guess my question is more that must I be an employee or can I just be a contractor and still negotiate a super contribution instead of wages?