Salary Sacrifice and Superannuation

Salary sacrificing into your superannuation is a smart way to both grow your retirement savings and cut down on your tax liabilities. In this video, our Senior Financial Planner, Ryan, breaks down how this strategy works and its key benefits, including:

— What salary sacrifice is and how it allows you to contribute pre-tax income to your super.

— How it can reduce your overall tax bill while increasing your retirement savings.

— Important contribution caps to stay within, so you avoid penalties.  

— The tax advantages of salary sacrifice contributions, which are generally taxed at a lower rate than your regular income.

If you’re looking to maximise your retirement savings while minimising tax, salary sacrifice could be a great option. Watch the video to learn more and see if this strategy is right for you.

Contact Us to explore how salary sacrifice can fit into your financial plan.