If you have a mortgage on your main residence but your long term plan is to eventually move out of that home and rent it out, then you really should be contacting your bank to arrange an Offset Account for your mortgage.
Business Advisory from the team at Momenta
Contractors and Superannuation Obligations
Posted on 3rd August, 2016
A common misconception we see all too often is where an employer enters into an arrangement with an individual whereby the individual uses a personal ABN to invoice for their time in labour and be of the belief that there is not requirement to pay superannuation on behalf of the contractor.