Sentences with phrase «salary sacrificing into»

Salary sacrificing into super can save tax and really boost your retirement nest egg.

On 1 March 2017, Bob thinks he can contribute another $ 5,000 to his super, so he talks to his employer and arranges for an extra $ 1,000 per month to be salary sacrificed into his super.

When you salary sacrifice into super you may also be able to reduce the amount of tax you pay.

If you decide to salary sacrifice into super you will need to ask your employer to redirect a portion of your pre-tax pay to your super fund.

Not exact matches

Because the average salary for a woman still lags behind men's (the American Association of University Women says women earn 82 cents for every dollar a man makes one year after graduation) and lenders favor two - income households over single earners, Lautz says women are «making the most sacrifices to get into a home, but they're still placing a high value on owning a home of their own.»

One example of a salary sacrifice arrangement is to have some of your salary or wages paid into your super fund instead of to you.

You must enter into a salary sacrificing arrangement before you earn the income.

There are a many benefits of salary sacrificing some of your pre-tax salary into super, they include:

Salary sacrificing (into super): When you and your employer agree to pay a portion of your pre-tax salary as an additional contribution to your superannuationSalary sacrificing (into super): When you and your employer agree to pay a portion of your pre-tax salary as an additional contribution to your superannuationsalary as an additional contribution to your superannuation fund.

Making extra mortgage repayments does not give you the upfront tax benefit of making salary sacrifice contributions into super.

Transition to retirement (TTR) pension: A TTR pension allows you to reduce working hours in the lead - up to retirement without reducing take - home pay, or to continue working full time and make tax savings by salary sacrificing heavily into super and supplementing take - home pay with a super pension.

If Crystal decides to redirect $ 10,000 of her pay into salary sacrifice super contributions, she will save $ 2,085 in tax, with the extra money going into her super fund.

If you salary sacrificed $ 1,832 into super, paying only 15 % tax, $ 1,557 would go into your super fund.

She decides to sacrifice $ 10,000 of her pre-tax salary into super.

If an employee salary - sacrifices into super, you make super contributions to the fund on your employee's behalf.

A scheme that allows you to reduce working hours in the lead - up to retirement without reducing take - home pay, or to continue working full - time and make significant tax savings by salary sacrificing heavily into super and supplementing take - home pay with a super pension.

You can salary sacrifice some of your pre-tax income into Super but there are limits to this.