Salary Sacrifice
Salary sacrifice is an arrangment where you agree with your employer to contribute part of your pre-tax salary into your super insread of receiving it as cash.
Quick Reference:
Concessional. Taxed at 15%. Lowers Taxable Income.
Expanded Explanation:
Salary sacrifice is a simple way to boost your super using money that would otherwise be taxed at your normmal income rate. Contributions are taxe at 15% inside of the fund, higher income earners can significantly on tax while growing their super faster. It is a flexible strategy, you can usually adjust or stop contributions at any time through your payroll department.