What is salary sacrifice?
- You may choose to ‘sacrifice’ a portion of your future gross salary (before tax) into your super fund through an arrangement made with your employer.
- Depending on how much you earn this may be an efficient way to increase the amount of money in your super fund.
- Contributions to the super fund are only taxed at 15% whereas the marginal rate of income tax can be up to 47-49%.
Read some more FAQS from our Superannuation section