salary sacrafice, page-3

  1. bzh
    134 Posts.
    Here is an example if that can help you. You are under age 50. You salary sacrifice $20,000 and your employer pays a compulsory super contribution of $10,000 (the 9% you refer to).

    Concessional Contributions

    Salary Sacrifice 20,000
    Employer Contributions 10,000
    Total 30,000

    Limit 25,000
    Excess 5,000


    If you add such excess, you will have to pay the following tax on the excess part:
    Tax Payable On Excess (31.5% + 15%) * 5,000 = 2,325

 
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