I am self employed through an ABN - Do I need to pay my own super?
I don't own a company or a trust, I just contract myself out and have an ABN - I have not put any super aside since I started doing this - Do I need to and how does it work?
I realise that if I had a trust I wouldn't need to - but this isn't how I set myself up.
I live in AUSTRALIA
- the oxLv 79 years agoFavorite Answer
I'm self employed with an ABN and no you don't have to pay your own super.
Quite often I have paid money into a Super Fund which was tax deductible but the last couple of years I have only been working part time due to family issues and I haven't bothered putting any super away
So its up to you if you do or you don't
You used to be able to claim the first $5000 and then 75% of the rest as a tax deduction but they change it every year so it may be different now