Should You Salary Sacrifice into Super?

Salary sacrifice remains one of the most powerful tax strategies for Australians—especially those in the APS.

Why it works?

Salary sacrifice contributions are taxed at 15%, instead of your marginal tax rate (up to 47%).

As an example, a Canberra worker earning $120,000 who salary sacrifices $15,000 typically saves around $4,500 in tax, while the $15,000 (less 15% contribution tax) is contributed to super to grow for retirement.

Benefits

·       Immediate tax savings 

·       Opportunity for compounding investment growth 

·       Stronger retirement balance 

·       Works with PSSap, industry and retail super funds

Who Should Consider It?

·       APS staff 

·       High-income earners 

·       Anyone wanting to retire earlier 

·       People aged 50+ 

What Are the Downsides?

·       Money inaccessible until preservation age 

·       Superannuation contribution caps.

For many Australians, salary sacrifice is one of the simplest and highest-impact strategies available.

At Access Wealth Group, we help retirees across Canberra utlise salary sacrifice effectively to transition to retirement confidently. Talk to us about optimising your Canberra retirement planning.

This article is of a general nature only and does not take into account your individual financial circumstances, objectives, or needs. It does not constitute personal financial advice. You should not act on any of the information provided without first seeking professional financial advice that considers your personal situation.

Access Wealth Group, Suite 2, Chisholm Shopping Village, 74 Halley Street, Chisholm ACT 2905                                                     

Phone: 0410 443 742 | Email: brendan@accesswealthgroup.com.au