How does Salary Sacrifice to Superannuation work?
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In the video below Gavin Martin, Financial Adviser and the Managing Director of Cornerstone Wealth explains how Salary Sacrificing works.
Salary sacrificing helps you to increase your retirement savings and at the same time reduces your tax payable.
The greater your salary the better the tax saving you will receive from salary sacrificing.
For example: if your marginal tax rate is 34.5%, where the contribution rate is 15%, that equates to a tax saving of 19.5% on the amount you salary sacrificed.
Disclaimer
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