Sentences with phrase «before salary sacrifice»
The total income used by the calculator to estimate the applicable Division 293 tax is equal to your annual salary before tax and before any salary sacrifice.
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Before you sacrifice some of your salary to super make sure your employer will continue to calculate your super guarantee payments on your gross income, before salary sacrifice.
The total income used by the calculator to estimate if you qualify for any low income superannuation tax offset is equal to your salary before tax and before any salary sacrifice.
Not exact matches
Amounts that an employee chooses to salary sacrifice (before - tax contributions) are treated as employer contributions for super guarantee purposes and must be reported.
additional salary you wish to sacrifice will cause you to exceed your concessional (before - tax) contributions cap and attract additional tax — this cap limits the amounts that can be contributed to your super fund and still receive the concessional tax rate of 15 %
15 % tax is deducted from your employer contributions and before tax (salary sacrifice) contributions.
You must enter into a salary sacrificing arrangement before you earn the income.
Eligible taxpayers that earn up to $ 37,000 a year get an additional super contribution from the Government, equal to 15 % of before tax (employer and salary sacrifice) super contributions, up to $ 500.
Annual income is your annual income from employment before tax, including any bonus payments and standard member contributions that are salary sacrificed.
The total income used to determine if you qualify for any co-contributions is equal to your annual salary before tax and any salary sacrificed super contribution