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You need understand 1.concessional super only pay 15% tax. 2.you cannot take money from your super before age 55.
Then we can get started:
Let us assume your current salary is $80,000.
You are happy to know that your boss is offering you a pay rise of $2,000 this year.
But then you realise you can only get extra $1260 in your pocket in the year end as tax office will take $740.You are not happy.
Based on my advice, you sit down with your boss negotiating about salary sacrifice to super the other day.
Your boss called his accoutant and was told that the company would have same $82000 deduction under new option. It will be $80000 wages and $2000 super vs $82000 wages. Expense is in two accounts but same amount. Your boss is happy to do slary sacirifice for you.
under salary sacrifice, you dont have to pay $740 to tax office. You only pay $300tax in your super. You are very happy for your current tax bill which is aroud 60% off.
That is the major reason people do salary sacrifice but why not everyone does this sacrifice?
You now have $1700 in your super instead of $1260 in your pocket. Remeber the money in your super is your money but you cannot take the money out before 55.
Conclusion:
people in their 20s generlly would not be interested in salary sacrifice to super.
people who make salary sacrifice are generally do this for tax saving purpose. It is widely believed people need savings for retirement. Tax is inevitable in whatever form of your savings,property,share,bank deposits in Australia. The 15& tax rate of superannuation investment is really a low tax and attactive option.
This is intended general information only without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain financial advice specific to their situation before making any financial investment. |
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发表于 5-10-2010 14:12:19
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发表于 9-10-2010 22:58:49
