Take care of your super with additional contributions
Even though your employer pays a portion of your salary into a super fund, you can also make contributions that add to your retirement nest egg. If you choose to salary package additional super contributions, you could benefit from a reduced taxable income*.
How it works
When you salary package additional contributions, your super is taxed at a ‘concessional’ (before-tax) rate of 15 per cent, which is lower than the marginal tax rate for most people.
Because you’re putting your before-tax income into your super account, the salary you receive from your employer could be reduced, lowering your annual taxable income.
Is there a limit to how much additional super you can contribute?
Yes. There are limits to contributions to your super under a salary packaging arrangement before you have to pay tax. There is a yearly cap (limit) of $25,000 on the amount of additional income that can be salary packaged to super.
Interested in packaging your super?
We can increase your regular deductions, or you can make once-off payments if you have available funds in your accounts.
Ready to find out more?
- learn more about novated leasing
- see what else you could salary package
- check out our tools and calculators to find out how much you could save
- complete our online enquiry form
*Additional superannuation contributions from pre-tax salary are subject to 15% contributions tax. The taxation of additional superannuation contributions via salary packaging may differ from the taxation of additional superannuation contributions from post-tax salary. Additional superannuation contributions will be reported on an employee’s annual payment summary and will be used to assess an employee’s eligibility for a number of government benefits, or liability for certain payments. Caps for concessional superannuation contributions apply – please refer to www.ato.gov.au for up to date information.
This website contains general information and doesn't take your personal circumstances into account. Seek professional independent advice before making a decision.