CareSuper - Knowledge centre - Growing your super

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Salary sacrifice

The earlier you start...the easier it is

Salary sacrifice is one method to boost your super and possibly minimise tax.

Salary sacrifice is when you make an arrangement with your employer to forego salary in favour of superannuation contributions, which are deducted from your gross salary. This arrangement has the effect of lowering your taxable salary. However, the superannuation contributions will be treated as employer and will be subject to contributions tax of 15%.

Use the salary sacrifice calculator to help you:
1. See the impact of salary sacrifice on your take home pay.
2. Compare the difference between making super contributions before (salary sacrifice) and after tax.

You may like to seek the advice of a qualified financial advisor to determine the most effective method of boosting your super.

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