This thread is old, but I wanted to add a question. Dh new boss works for Simmonds Homes. DH is sub contracting for him. I will be seeing an accountant next week some time (when I can afford it) But I am trying to draw up a budget and I am unsure of superannuation.
Do we take super out of his wage because we are using an ABN? I have asked around and nobody seems to know. Judging by his hourly rate if we take out tax and super (and possibly gst??) He will be taking home about half his hourly rate. Which would be about $17 an hour Is this right? I sure hope not...