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Salary sacrifice

A little sacrifice for big gains 

What is salary sacrifice?

Salary sacrifice means you pay some of your pre-tax salary into your super account. As well as boosting your super balance, salary sacrificing can potentially reduce your tax rate. 

What are the benefits?

1.    Your super balance may grow faster, and benefits from compound interest.
2.    You may pay less tax on your additional contributions (15% rather than marginal income tax rate).


How do I start making contributions?

Simply contact the payroll office at your work and let them know you’d like to start salary sacrificing.
 

We've prepared a form you can use. Just click here. 


The earlier you start, the better

When you salary sacrifice you benefit from compound interest. Which means the earlier you start the more it's likely to benefit your future super balance.

While you can start salary sacrificing at any time, doing so when you're younger could make a significant difference to your super balance over the long term. That's the power of compound interest. 

Things to consider:

  • You can make $27,500 in contributions to your super every year before the marginal tax rate applies. 
  • Salary sacrifice is in addition to your mandatory 10% superannuation guarantee contributions. Salary sacrifice and superannuation guarantee contributions both count towards your $27,500 limit.
  • Salary sacrifice contributions do not attract government co-contributions.

Where to get help

  • Check out frequently asked questions VISIT FAQS
  • Give us a call 1800 682 626Mon - Fri 8 am - 6 pm (AEST)
  • Ask a question with our online contact form CONTACT US

*Past performance is not an indication of future performance. 
This information is provided for general information only. It does not take into account your personal objectives, financial situation or needs and should therefore not be taken as personal advice. You should consider whether it is appropriate for you before acting on it and, if necessary, you should seek professional financial advice. Before making a decision to invest in the Equipsuper Superannuation Fund, you should read the relevant Equip Product Disclosure Statement (PDS). Past performance is not an indication of future performance. Issued by Equipsuper Pty Ltd ABN 64 006 964 049 AFSL 246383. 

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