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.
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^ These figures were calculated by ASIC’s MoneySmart contributions calculator. This calculation is based on a person earning an income of $70k and contributing $25 (pre-tax) each month into a super account, assuming 7.59% p.a. growth and wage inflation of 2.50% p.a. over 10 years. The figures provided are based on a series of assumptions, including that all contributions can be saved without additional tax or fees, and are general illustrations only. They do not take your personal circumstances into account and are not intended to be a substitute for professional advice.
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Past investment performance is not a reliable indicator of future performance.