Add more to your super, pay less tax
Salary sacrifice is when you and your employer agree to pay a certain amount of money into your super from your before-tax pay. A salary sacrifice arrangement can boost your super balance and even reduce your overall taxable income.
Setting up is easy. Just contact your payroll department and let them know that you would like to salary sacrifice your super contributions.
Salary sacrifice is not the only type of contribution that offers tax benefits.
Thanks to legislation that took effect on 1 July 2017, you can also claim a tax deduction* on any after-tax contributions made this financial year.
Get a helping hand
There are also ways for low and middle-income earners to boost their super balance before 30 June.
If your annual income is less than $51,813, the Australian Government will contribute 50 cents for every dollar you put into super from your after-tax pay, up to a maximum of $500.
Those who earn $36,813 or less will automatically receive the $500 co-contribution.
Read more about the Australian Government's super co-contribution
To top up your super before the financial year ends, you can make additional contributions or a one-off payment before 30 June. Simply log in to Member online
to access the BPAY code and reference number and make a contribution directly from your bank account.
Boost your partner’s super and save on tax too
are a great way to grow your partner’s super so you can both enjoy a better lifestyle in retirement.
You could also receive a tax offset of up to $540 if your partner earns less than $37,000 each year.
Make an advice appointment
Booking an appointment with one of our expert financial advisers
will not only help you end the financial year on a strong note, it will set you up for a better financial future.
Our team will help you identify your needs at any life stage and make the right decisions for you.
To discuss your options in greater detail or receive advice over the phone, please call us on 1800 444 396
Remember, the concessional contributions cap (limit you can contribute this financial year) is $25,000**.
or log in
to Member online to see how much you currently contribute. If you have room under the cap, you can use the Salary sacrifice calculator
on our website to work out how much extra you could add to your super.
*You will need to complete a Notice of intent to claim or vary a deduction for personal super contributions form.
**If you contribute above this amount, you could be subject to additional tax.