Salary Sacrifice Strategy

What is salary sacrifice?

When you salary sacrifice into super, you enter into an arrangement with your employer to give up part of your before-tax salary and/or bonus. Instead, your employer pays this amount into your super account. This is in addition to the compulsory superannuation guarantee amount your employer is required to contribute.

Salary sacrificing is a simple and cost-effective way of contributing more to your superannuation account, with some great tax benefits.

Salary sacrificing involves reducing your take home pay and putting that money into your super.

It’s a great way to save on tax as you only pay the concessional tax rate of 15%*—up to the limit of $30,000 (or $35,000 if you’re 49 or over on 30 June 2015) for 2015/16 tax year.

If you have further questions, please give us a call or use the enquiry box to send us an email.

ASCK Pty Ltd (ACN 105 450 566), trading as AMEGA Financial Solutions is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited Australian Financial Services Licensee and Australian Credit Licensee 232 706. General advice warning: This website contains general information only. It does not take into account your objectives, financial situation or needs. Please consider the appropriateness of the information in light of your personal circumstances.

Financial Services and Credit Guide