Salary sacrifice

Try it out

Contributions calculator
Use this superannuation calculator to find out if you could receive a government co-contribution or if salary sacrificing could help reduce your income tax.

Retirement modeller
Find out if you're on track for retirement and what you can do if you're not.

For many people, relying on employer contributions won't be enough to fund their future dreams. Putting a little extra into super yourself using salary sacrifice can make great sense.

What is salary sacrifice?

 Salary sacrifice involves having your employer pay some of your salary into your super account rather than receiving it as take-home pay.

Pay less tax with salary sacrifice

• Reduce your taxable income
  With some of your salary going into super, you’ll lower your taxable income and that could save you from paying higher rates of tax.
• Lower tax rates on contributions
  You also pay just 15% tax on your contribution into your super account, making salary sacrifice one of the most a tax-effective ways to save for your retirement.   

Boost your super

Putting just a little extra into your super now can make a big difference to the lifestyle you'll have in retirement.

Step 1 - See it work for you

Use our salary sacrifice calculator to see the difference salary sacrifice could make. 

Step 2 - Make it happen

Just ask your employer if salary sacrifice is available to you. They can usually make the arrangements on your behalf.  

If you are aged between 65 and 74,  you need to complete the 2012-13 work test declaration [PDF 55KB] and return it with your contribution.

Want to learn more?