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conork
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BradTurville, post: 211281 wrote:
Hey Conor,

Good question, no one likes paying more tax than they have to right?
As Nick pointed out, if you put it in super its locked away for a while but it is only taxed @ 15%…but again it’s locked away.

On the other hand, if you receive it personally it’ll be taxed at your marginal tax rates BUT you are getting now, in your pocket, and the question you need to ask next is “how can I put this bonus cash to good work? (i.e. paying down bad debt, investing etc.)”

Brad,

Cheers for the advise mate. Payed a visit to my accountant the other day and that was very similar advise I recieved, putting the $ to good use is the next challenge.

Thanks again
Conor