Salary Package your Super now and Enjoy the Benefits

Your employer pays a portion of your salary into a super fund, but you can also make additional contributions that add to your retirement nest egg. If you choose to salary package additional super contributions, you could benefit from a reduced taxable income*.

How does it work?

When you salary package additional contributions, your super is taxed at a ‘concessional’ (before-tax) rate of 15 percent.

Because you’re putting your before-tax income into your super account, the salary you receive from your employer could be reduced, lowering your annual taxable income.

Is there a limit?

Yes. There are limits to contributions to your super under a salary packaging arrangement before you have to pay tax. There is a yearly cap (limit) on the amount of additional income that can be salary packaged to super of $25,000.

Where to from here?

We can increase your regular deductions, or you can make once off payments if you have available funds in your accounts.

Want to find out more? Fill in the contact us form, call us on 1300 30 39 40, or contact us online.

*Additional superannuation contributions from pre-tax salary are subject to 15% contributions tax. The taxation of additional superannuation contributions via salary packaging may differ from the taxation of additional superannuation contributions from post-tax salary. Additional superannuation contributions will be reported on an employee’s annual payment summary and will be used to assess an employee’s eligibility for a number of government benefits, or liability for certain payments. Caps for concessional superannuation contributions apply – please refer to www.ato.gov.au for up to date information.