Looking to grow your super?

Salary sacrifice may be the answer

If you’re employed, salary sacrifice could be a tax-effective, easy way to grow your super over the long term. Find out if it’s right for you:

Salary sacrifice involves you arranging regular contributions from your pre-tax income into your super account. Depending on your pre-tax income, your money can take advantage of super’s favourable tax environment and the benefits of saving over the long term.

 

Why consider salary sacrifice?

Build your balance

Even small additional amounts could  make a big difference

Tax smart savings

You can potentially reduce your overall tax bill

Your guide to salary sacrifice

Set automatic payments

You’re establishing a rewarding savings habit with minimal effort

Getting started

1.     See the difference salary sacrificing could make for you with our Contributions Calculator.

2.     See how you’re currently tracking with our Retirement Simulator.

3.     Consider speaking with a professional financial adviser.

4.     View the relevant salary sacrifice checklist below once you’re ready to set up a salary sacrifice arrangement.

Members of Bright Super, Everyday Super & SESP (non-Suncorp employees)

Your salary sacrifice checklist

Suncorp employee members of Suncorp Employee Superannuation Plan

Salary sacrifice checklist for Suncorp employees 

Things to consider

There are a few factors to consider before kicking off a new salary sacrifice arrangement:

Salary sacrifice isn’t the only option

  • There are other ways to grow your super that may be more relevant or beneficial for your situation. Salary sacrifice may not be tax effective for everyone. Find out more at our Grow your super page.

There’s a limit to how much you can contribute

  • The current before-tax (concessional) contribution cap is $27,500 for 2021/22, which includes superannuation guarantee (SG) contributions made by your employer, salary sacrifice contributions, and contributions for which you claim a tax deduction. Find out more in Your Guide to salary sacrifice.

Your age may be a factor

  • If you’re aged over 67 then you may need to meet the ‘work test’ or ‘work test exemption’ to be eligible to make salary sacrifice contributions. Find out more in Your guide to salary sacrifice.
     

You should also consider speaking to a financial adviser before making any decision, as they can take into account your personal circumstances.

Need help?

Call us

Weekdays 9am – 5pm (AEST)

You can also email us at super@spsl.com.au and we’ll give you a call back. 

Make sure you let us know your client ID and when you’d like to hear from us when you email.