{"id":7774,"date":"2022-12-26T12:00:57","date_gmt":"2022-12-26T01:30:57","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/salary-sacrificing-into-super\/"},"modified":"2022-12-26T12:00:57","modified_gmt":"2022-12-26T01:30:57","slug":"salary-sacrificing-into-super","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/salary-sacrificing-into-super\/","title":{"rendered":"Salary sacrificing into super"},"content":{"rendered":"
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What is salary sacrificing into super?<\/h3>\n

Salary sacrificing into super is an agreement between you and your employer to pay some of your pre-tax salary as contributions into super. Doing this can also be tax effective. The amount you contribute to super is taxed at up to 15% (and up to 30% if your income is over $250,000 per annum) rather than your marginal tax rate, which might be up to 47%. Salary sacrificed amounts to super are\u00a0concessional contributions<\/a>.<\/p>\n

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How does it work?<\/h3>\n
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  1. \n

    Start by talking to your employer about your options to set up a salary sacrifice arrangement and how much you\u2019d like to deduct from your pay. And, to understand if it will impact any other employment entitlements such as termination payments, bonuses and other benefits.<\/p>\n<\/li>\n

  2. \n

    If it is right for you, you\u2019ll need to complete a\u00a0salary sacrifice form\u00a0and give it to your employer so that they can set up the contributions from your before-tax pay into your super. Alternatively, your employer may have their own process.<\/p>\n<\/li>\n<\/ol>\n

    What are the benefits?<\/h3>\n