Give yourself a ROUND OF APPLAUSE by boosting your super
You can choose to save more in your superannuation by contributing some of your pre-tax salary to your NGS account. A small amount now could make a world of difference later on. And the sooner you start, the greater the end reward.
Why salary sacrifice?
Boost your balance
The more you put into your superannuation now, the more you'll have to enjoy later in life. Salary sacrifice is often a tax-effective way to help grow your super.
Pay less tax
Salary sacrifice contributions are taxed at just 15% (or 30% for those with incomes over $250,000 p.a.). For many, this means a considerable tax reduction on their salary sacrifice amount.
Reduce your taxable income
Salary sacrifice contributions are deducted from your pre-tax salary. By reducing your taxable income, you could make a positive difference to your savings come tax time.
How does it work?
You can choose to 'sacrifice' part of your salary and direct it to your superannuation savings instead. These contributions are known as ‘before-tax’ or ‘concessional’ contributions. Concessional contributions are made before any income tax has been applied. When the contribution enters your super, 15% tax applies (or more if you earn over $250,000 p.a.), which is often much less than what you’d pay at your marginal tax rate.
Simply let your employer know how much you'd like to salary sacrifice to NGS and they'll set up your automatic contribution.
How $50 a month could help you grow your super faster!
| Monthly before-tax contribution | $50 |
| Extra super over 10 years | $7,680 |
| Amount deducted from your take-home pay | $4,050 |
Salary sacrificing $50 each month over 10 years could result in around $7,680 extra in your super while only costing about $4,050 of your take-home pay over that time.^
Need-to-knows
Contribution limits
How much should I salary sacrifice?
You should make sure you don’t go over the contribution cap (see above) — don’t forget to consider how much your employer is already contributing, as this will count towards your $25,000 cap. If you’re unsure how much you should salary sacrifice, we offer single-issue advice through our Financial Advice Helpline. Advice is limited to your NGS Super account and there’s no cost. You can find out more on our Advice page. Alternatively, check out ASIC’s MoneySmart Contribution Calculator.
How to get started
Simply complete the Contribution form below and select how you'd like to send it to your employer.
Once confirmed by your employer, your salary sacrifice contributions will be automatic and you should see them on your payslip. If you need to change or cancel your contributions, all you need to do is inform your employer.
