Are their tax benefits in making super contributions?

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.

Daniel Thompson
Posted on:
Post author

Leave a comment

Your email address will not be published. Required fields are marked *