Super Salary Sacrifice
What is a Super Salary Sacrifice?
The super salary sacrifice arrangement is to have some of your pre-tax salary or wages paid into your super fund instead of to you. It can be a one-off payment, or you can set up to pay a portion each pay cycle.
Salary sacrificed super contributions are classified as employer super contributions, rather than employee contributions. These contributions are taxed in the super fund at a maximum rate of 15%. Generally, this tax rate is less than your marginal tax rate.
What is the maximum concessional contribution to super?
For the 2021-2022 and 2022-2023 financial year, the general concessional contribution cap is $27,500 for all individuals regardless of age.
How do I let Whizdom know I want to make a Super Salary Sacrifice?
You can complete our simple online form to set up a super salary sacrifice. Our Finance Team will contact you to confirm the details. If you would like to cancel or stop the arrangement, please email firstname.lastname@example.org.