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WorksheetsPracticalities of Work
Total questions: 10
Worksheet time: 5mins
What is the least amount an employer must contribute to an employees super?
8.5%
7.75%
11.5%
9.5%
You can boost your own super by making contributions
True
False
You can access your super when...
Whenever you want to
When you reach preservation age and retire
When you turn 65
Once you have been retired for one year
Which of the following superannuation funds involves the majority of your super invested in shares or property and the remainder in interest and cash?
Growth
Cash
Conservative
Balanced
Most super funds lets you choose a range of investment options
True
False
Hisotorically, over any 20 year period a GROWTH or BALANCED strategy has given better returns than more CONSERVATIVE investment options.
TRUE
FALSE
Australian residents are generally taxed on their Australian only income and foreign residents only on their foreign income
True
False
A higher rate of tax is applied to a foreign resident's taxable income
True
False
What is the tax-free threshold (TFT) for an Australian resident?
$12,800
$11,800
$18,200
$18,100
The main two reasons for lodging a tax return are:
Because you have overpaid your tax
You have paid tax under the pay as you go system
Had tax withheld from payments made to you
