Super Salary Sacrifice

What is a Super Salary Sacrifice?

The super salary sacrifice arrangement is to have some of your pre-tax salary or wages paid into your super fund instead of to you. It can be a one-off payment, or you can set up to pay a portion each pay cycle.

Salary sacrificed super contributions are classified as employer super contributions, rather than employee contributions. These contributions are taxed in the super fund at a maximum rate of 15%. Generally, this tax rate is less than your marginal tax rate.

What is the maximum concessional contribution to super?

From 1 July 2024, the general concessional contribution cap is $30,000 for all individuals regardless of age.

How do I let Whizdom know I want to make a Super Salary Sacrifice?

You can complete our simple online form to set up a super salary sacrifice. Our Finance Team will contact you to confirm the details. If you would like to cancel or stop the arrangement, please email accounts@whizdom.com.au.