Salary Sacrifice & Super
Salary sacrifice is a strategy used to divert money before income tax has been paid or withheld. It is commonly used in a superannuation accumulation strategy to direct money straight from an employer to an employee’s superannuation fund.
What are Super Non-Concessional Contributions?
Non-concessional contributions are contributions made to superannuation after tax. Since non-concessional contributions are made after income tax has been withheld or paid by the employer, typically, there is no tax paid when the money goes into the super fund.
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