When you set up a regular salary sacrifice payment with your employer, you pay ("sacrifice") some of your pre-tax salary into your super account rather than receiving it as take-home pay. It can be a smart way to boost your super and reduce your taxable income. You can also put pre-tax money into your super account by making a voluntary contribution, then claiming a tax deduction-see tax deductable contributions below.
Tax deductable contributions
You will be able to claim a tax deduction on some or all of the after tax contributions you pay into super account. It’s a great way to make the most of your future, while saving right now.
Voluntary after-tax contributions
You can add to your super from your after-tax income on a one-off basis or regularly. Depending on your situation, voluntary after-tax contributions could be a good way for you to grow your super balance.
Depending on your income, you may be eligible for an extra super contribution from the Government of up to $500.
You can a build a better future together by contributing to your spouse’s super. And just by doing this, you could get a handy tax offset in the process.
By law, all employers need to contribute at least 9.5% of your ordinary times earnings into super. You can maximise the value of this contribution by choosing the right fund for you.
To help you save for your retirement, the Government could boost your super savings by giving you a low income super contribution.
Check if adding a little extra into your super could reduce your income tax, or get you a government co-contribution payment, and help you achieve your dream retirement.
We make it easy to stay in touch with your super anywhere, anytime with Member Online.