Once again half truths from Industry Super Funds. If anyone would like to use the ATO's Simple tax Calculator readily available on their website and enter in a taxable income for the 2018-19 financial year of $40,000 they will find that the tax on that is $4,547. this works out to be 11.37% which when I went to school works out to be less than the 15% contributions tax that is applied to superannuation contributions.
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