Salary sacrificing to superannuation could help to build your super in a tax-effective way.
Salary sacrificing is when an employee agrees to give up part of their salary or wages in return for benefits of a similar value. Salary or wages can be sacrificed into a variety of benefits, including car fringe benefits, expense payment fringe benefits such as school fees, child care costs, or loan payments, and of course, superannuation.
In the case of salary sacrificing to super, you forgo part of your before-tax cash salary in return for your employer making additional contributions to your super fund.
This means you can’t arrange to salary sacrifice salary, wages, or bonuses you have already earned.
The advantages and disadvantages of salary sacrificing
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