Before-tax (concessional) contributions

Before-tax (concessional) contributions

Salary sacrifice

This is where you choose to ‘sacrifice’ part of your before-tax salary and have it contributed directly into your super account. This is an arrangement you can generally set up through your employer. It's important to check with your employer that before-tax contributions can be made on your behalf. 

Benefits include:

  • Reduced taxable income (as your salary is reduced by the contributions you make directly to super)
  • Contributions are taxed at just 15% instead of your marginal tax rate which could be up to 49% (including the Medicare Levy and Budget Repair Levy).

 

Read our Salary sacrifice fact sheet for more information.

To set up a salary sacrifice agreement with your employer, complete the Voluntary contributions payroll deduction authority form - be sure to pass this onto your employer and not AustSafe Super.