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You should consider whether the salary amount sacrificed will attract an . Your taxable income is reduced by the amount you salary sacrifice , which. Is there a limit on the amount I can salary sacrifice into super? Yes, the amount sacrifice including any compulsory employer super such as Award or SGC, . You can choose to contribute before you receive your pay ( salary sacrifice ) but there is a limit on the amount.

There is a limit to the amount of concessional contributions you can make in a financial year.

Why salary sacrifice ? The concessional contribution limit is currently $20per year. Concessional contributions include salary sacrificed amounts and any contributions from your . Jan Your super funds pays a maximum of on investment earnings. Although salary sacrifice arrangements reduce the salary amount on the . The limit for super contributions with a tax break is $20per year. Compare the difference between making super contributions before and after tax.

Note that the Government places caps on the amount you can contribute to super.

Depending on your current income, sacrificing some of your salary to superannuation could be a tax-effective strategy. Benefits of salary sacrifice. Jun Find out how to set up salary sacrifice arrangements and calculate tax and.

You need to pay and deduct the right amount of tax and National. The table below shows the limit on before-tax contributions and includes both your normal super payments, plus your additional salary sacrificed amounts and. In just a couple of minutes, work out potential savings and new net salary after salary sacrifice. A salary sacrifice strategy allows you to make contributions to your super using.

An depending on the amount you choose to sacrifice, you could even drop. Employers may place further restrictions on maximum salary sacrifice amounts. Make salary sacrifice contributions out of your regular pay, before income tax.

Those earning less than that amount might benefit more from making after-tax . Apr Employers are not obliged to offer employees salary sacrifice arrangements. Jan When it comes to salary sacrificing , it can be overwhelming to think. Contact us to discuss the amount you may be able to salary package given your individual circumstances. How much could salary.

Salary Packaging Calculator. There are limits on the amount of money you can put into super that receive tax concessions.

If there a limit on salary sacrifice contributions? For more information refer to. Lower Earnings Limit or you may lose the rights to State . There is no limit to the amount that can be contribute but there is a total contribution cap for pre-tax amounts.

Also, there are no fringe benefits tax on salary. Contributing to your super could also limit the amount of taxes that you pay each year. But is it the right option for you? What does salary sacrificing mean?

This is because earnings inside superannuation are taxed at a maximum.