Is superannuation obligatory if you are an independent contractor?

Question

or as long as you pay tax it is enough?when you are a contractor what percentage of your income has to be paid for tax?

Answer 1

Not compulsory, unless you run under your own company and you are employed by that company.

How much % you'll pay for tax...

http://www.ato.gov.au/individuals/conten...

Here's how the government encourages you to put money into super...

If your taxable income is $50k, you'll pay about $9k in tax.

But if you put $50k into super for this year, that'll be subtracted from your income so you'll end up paying $0 for tax instead.  Of course, smaller contributions will get you smaller decreases in tax.

They only just changed the super contribution limit to $50k this year, last year it was $15k or something.