I've been searching for them in
https://aussie.zone/communities/listing_type/All/page/1
There are some very active communities there so I've been switching between kbin.social and aussie.zone. If possible I'd prefer to stick to just one site.
I can't seem to find them from the aussie.zone search. Some do work others do not
-redditmigration - can be seen from search
-politics - Not findable
I've even tried using !politics@kbin.social but it doesn't show up in the search. I'm likely using the wrong search parameter format.
I'm getting a bit confused about how this works even after reading the ATO website.
They provide heaps of examples where people have over $1.6 million in their super with warnings about you possibly getting taxed 95% on the extra contributions. But nothing about what happens if you have less than $1.6 million in super.
My situation
From what I gather from reading my previous tax return the excess ($3k that year) they just added to my taxable income and then adjusted my owed tax. So I'm guessing I paid the top tax bracket of 45% on that extra.
I have the option to release 85% of this excess based on the above link. From what I can tell it's mainly to help people pay the additional tax they incur or for people with more than $1.6 million in their super wanting to avoid a huge tax hit on the extra.
Am I paying less tax by leaving it where it is in super or releasing the 85% back to myself?
@phoenixdigita1
@aussie.zone