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You don't have to contribute to your super if you're self-employed. If you're planning to buy a house in the next 10 years, it makes zero sense to lock away wh
by seekingcharlie 11y ago
You don't have to contribute to your super if you're self-employed.
If you're planning to buy a house in the next 10 years, it makes zero sense to lock away what could effectively be money off a mortgage.
Save what would be your super in a high interest account. Better yet, invest in ETFs.
- candeira 11y agoYou don't have to contribute to super, but you should consider the super contribution your employer makes for you (and that both of you and your employer pay lower taxes on) when you compare a salary with your yearly take home as a freelancer.
- seekingcharlie 11y agoAgreed. You should definitely factor your own super payments into your rate (whether or not you pay super is up to you).