Free Chapter
Three things most freelancers find out the hard way
Super tax savings, the real maths on freelancer rates, and why incorporating too early costs you money. ~20 pages, real numbers, plain English.
PDF · ~20 pages · Free
What’s in this chapter
Three things Australian freelancers get wrong, with worked examples at real income levels.
$3,400
tax saved this year
Super saves you money right now
Contribute to super and you pay 15% tax on that money instead of your marginal rate. At $80k income, that gap saves you $3,400 this financial year. Not in 30 years. Now.
$84k
not $120k
$65/hour doesn’t mean what you think
You don’t bill every hour you work. At a 65% billable rate, $65/hour works out to about $84k before tax and expenses. To actually take home $100k, you need to charge closer to $110.
$1,400
worse off per year
Don’t incorporate too early
At $120k, going Pty Ltd actually costs you more. ASIC fees, higher accounting bills, and compliance overhead eat the tax benefit. The 25% company rate isn’t the discount it looks like.
Five minutes that could save you thousands
The chapter walks through exact dollar amounts at $80k, $120k, and $150k income. Download it, see where you stand.
From The Complete Guide to Freelancing in Australia
The information in this chapter is general in nature and does not constitute financial, tax, or legal advice. Always consider your personal circumstances and consult a qualified professional for advice specific to your situation.