Are their tax benefits in making super contributions?
Yes, you can pay less tax on contributions with salary sacrifice. By making before-tax contributions to your super, you’ll only pay a 15% contribution tax (when the contribution is paid into the fund) if your annual income is less than $250,000.
If your employer has a salary sacrifice option, think about taking advantage of it.
- Log into your online account and click on the ‘Documents’ section.
- Fill out the Payroll Deduction Authority Form and send it to your employer.