How much tax will I save by salary sacrificing into super?
Putting more of your pre-tax dollars into superannuation is a powerful way to increase your retirement savings, but the strategy doesn’t suit everybody.
Q: My salary is $159,000 before super. Can you explain the process of salary-sacrificing into super and the benefits? – Carol
A: Salary-sacrificing into superannuation involves an agreement between you and your employer whereby part of your salary is paid into your super fund from pre-tax earnings.
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Debra Cleveland is a contributor to The Australian Financial Review. She previously edited Smart Investor.
