​Working in government roles often comes with enticing perks, and one of the significant advantages is the opportunity to leverage various tax-saving schemes. Many government jobs offer contribution matching for salary sacrificing, a strategy that not only secures additional contributions from your employer to your superannuation but can also trim down your taxable income, resulting in potential tax savings.

​Have you been sent a summary from the Commonwealth Superannuation Corporation (CSC) that outlines what the various components are of your superannuation pension amount? If so, what does it all mean?

In a significant development for the Australian tax landscape, stage three tax cuts have been implemented from 1st July 2024. The changes promise to impact a broad spectrum of income earners, with tax reductions designed to stimulate economic growth and provide relief to taxpayers.