Salary sacrifice

By: Sunsuper  09-Dec-2011
Keywords: Salary Sacrifice, Reduce Your Taxable Income

For many people, relying on employer contributions won't be enough to fund their future dreams. Putting a little extra into super yourself using salary sacrifice can make great sense.

What is salary sacrifice?

Salary sacrifice involves having your employer pay some of your salary into your super account rather than receiving it as take- home pay.

Pay less tax with salary sacrifice

  • Reduce your taxable income
    With some of your salary going into super, you’ll lower your taxable income and that could save you from paying higher rates of tax.
  • Lower tax rates on contributions
    You also pay just 15% tax on your contribution into your super account, making salary sacrifice one of the most a tax-effective ways to save for your retirement.

Boost your super

Putting just a little extra into your super now can make a big difference to the lifestyle you'll have in retirement.

Step 1 - See it work for you

Step 2 - Make it happen

Just ask your employer if salary sacrifice is available to you. They can usually make the arrangements on your behalf.  

Keywords: Reduce Your Taxable Income, Salary Sacrifice

Other products and services from Sunsuper


Standard cover

Sunsuper provides access to competitive insurance to help protect yourself, your family and your lifestyle if something happens to take away your earning power. Automatic insurance cover for Death and Total and Permanent Disability, provided you meet the eligibility criteria. Premiums deducted from your super, so they have no impact on your take-home pay. TPD and Income Protection cover than provided through standard insurance.


Check out the benefits of our pension

A Workforce Pension - designed for members aged between preservation age but before the age of 65 who are still working. You can receive regular income paid directly to your bank, building society or credit union account. SuperRatings has recognised Sunsuper as Pension Fund of The Year for the third year in a row. You could benefit from favourable tax treatment.


Government co-contribution

Amounts from eligible employment also includes some income of employees who think of themselves as being self-employed, such as those who run their business through a company and the company pays them salary or wages. You earned 10 per cent or more of your total income from running a business, or from eligible employment1 or a combination of both.


Make a contribution

In most cases, your employer can make standard, compulsory contributions (usually 9% of your ordinary times earnings) straight into your Sunsuper account. Don’t miss out on super tax breaks you may be eligible for as a self-employed person making contributions into super. Making your own payments into your super fund can make a big difference to your super balance.


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