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) on the amount of additional income that can be salary packaged to super – for people under 49 years old it’s $30,000, for people over 49 years old it’s $35,000.
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 or email us at email@example.com
*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.