You have many choices when it comes to paying your super contributions and saving on taxes through the supercare setup.
In the first case, your after-tax contribution to the super can be made from the take-home payment after paying the taxes. You can pay regularly, all at once, or through an ongoing payment setup.
You are eligible for tax deduction in your personal supercare contribution if you are under 75 and within the limits of super contribution. Your super contributions must be paid into the super fund before the financial year end. The payment is counted when it is received by the super fund and not when you send the payment.
In the second case, you can set up an arrangement with your employer to pay your contribution to the super from your salary before paying the taxes. The specified amount deducted from the salary will be paid into the super fund before calculating the income tax. It helps reduce your taxable income and you will be paying a lower amount of tax.
