What is salary sacrificing into super, and could it help you grow your superannuation faster without significantly reducing your take-home pay?

Salary sacrificing into super can sound complicated, and the word “sacrificing” makes it sound like you're giving something up. But salary sacrifice super can be a simple and tax-effective way to make additional superannuation contributions while you're working.

In part two of our five-part Get Rich series on superannuation, proudly brought to you by Australian Retirement Trust, Molly sits down with Ruth Weaver, Team Leader, Key Client Education at ART, to explain salary sacrificing into super, how it works, who it can benefit and what you need to know before getting started.

Because understanding your superannuation isn't just about retirement. It's about understanding how super contributions, tax and government incentives can work together to help you build more wealth over time.

In this episode, you'll learn:
What salary sacrificing into super actually means and how it can affect your take-home pay
Why $100 of your salary could become $85 in your super instead of $68 in your bank account
Who salary sacrifice super can work well for, and who may not benefit as much
What high-income and low-income earners need to know about salary sacrificing
How self-employed women can make additional super contributions and potentially claim a tax deduction
What the Australian Government super co-contribution is and how contributing $1,000 could potentially result in up to $500 from the government, depending on eligibility
What the Low Income Super Tax Offset (LISTO) is and who may be eligible
How concessional contribution caps work
How the carry-forward concessional contributions rule could allow you to use unused contribution cap amounts from previous years
How to check your super contribution limits through myGov
Whether salary sacrificing into super locks you into anything, and what happens when you want to change your contributions

If you've ever searched “how does salary sacrificing into super work?”, wondered “is salary sacrifice worth it?”, or simply thought, “I know I should understand my super, but where do I start?”, this episode is for you.

The big takeaway? Salary sacrificing into super doesn't have to mean a huge hit to your take-home pay. Understanding how salary sacrifice, tax and super contribution rules work could help you make more informed decisions about your money today and your retirement savings in the future.

Listen to the episode and learn how salary sacrificing into super works. 🎧


The opinions and comments shared by people in this podcast are theirs alone. The information was accurate at the time of recording. This is general information only and is not based on your personal objectives, financial situation or needs. You should consider these factors and read the relevant Product Disclosure Statement and Target Market Determination before making any decision about any financial product. If you’re still unsure, speak with a financial adviser.

 

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The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.

Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.

[See omnystudio.com/listener for privacy information.]

What is salary sacrificing into super, and could it help you grow your superannuation faster without significantly reducing your take-home pay?
Salary sacrificing into super can sound complicated, and the word &ldquo;sacrificing&rdquo; makes it sound like you're giving something up. But salary sacrifice super can be a simple and tax-effective way to make additional superannuation contributions while you're working.
In part two of our five-part Get Rich series on superannuation, proudly brought to you by Australian Retirement Trust, Molly sits down with Ruth Weaver, Team Leader, Key Client Education at ART, to explain salary sacrificing into super, how it works, who it can benefit and what you need to know before getting started.
Because understanding your superannuation isn't just about retirement. It's about understanding how super contributions, tax and government incentives can work together to help you build more wealth over time.
In this episode, you'll learn:
<ul>
<li aria-level="1">What salary sacrificing into super actually means and how it can affect your take-home pay</li>
<li aria-level="1">Why $100 of your salary could become $85 in your super instead of $68 in your bank account</li>
<li aria-level="1">Who salary sacrifice super can work well for, and who may not benefit as much</li>
<li aria-level="1">What high-income and low-income earners need to know about salary sacrificing</li>
<li aria-level="1">How self-employed women can make additional super contributions and potentially claim a tax deduction</li>
<li aria-level="1">What the Australian Government super co-contribution is and how contributing $1,000 could potentially result in up to $500 from the government, depending on eligibility</li>
<li aria-level="1">What the Low Income Super Tax Offset (LISTO) is and who may be eligible</li>
<li aria-level="1">How concessional contribution caps work</li>
<li aria-level="1">How the carry-forward concessional contributions rule could allow you to use unused contribution cap amounts from previous years</li>
<li aria-level="1">How to check your super contribution limits through myGov</li>
<li aria-level="1">Whether salary sacrificing into super locks you into anything, and what happens when you want to change your contributions</li>
</ul>
If you've ever searched &ldquo;how does salary sacrificing into super work?&rdquo;, wondered &ldquo;is salary sacrifice worth it?&rdquo;, or simply thought, &ldquo;I know I should understand my super, but where do I start?&rdquo;, this episode is for you.
The big takeaway? Salary sacrificing into super doesn't have to mean a huge hit to your take-home pay. Understanding how salary sacrifice, tax and super contribution rules work could help you make more informed decisions about your money today and your retirement savings in the future.
Listen to the episode and learn how salary sacrificing into super works. 🎧 
The opinions and comments shared by people in this podcast are theirs alone. The information was accurate at the time of recording. This is general information only and is not based on your personal objectives, financial situation or needs. You should consider these factors and read the relevant Product Disclosure Statement and Target Market Determination before making any decision about any financial product. If you&rsquo;re still unsure, speak with a financial adviser.
&nbsp;
<a href="https://directory.ladiesfinanceclub.com/">Buying a property? Need Financial Advice? Time to sort the Will? Let us help connect you with an awesome woman in finance! </a><a href="https://directory.ladiesfinanceclub.com/">https://directory.ladiesfinanceclub.com/</a> 
💌 Want more money tips straight to your inbox? Join thousands of Australian women getting savvy with their finances -subscribe to the Ladies Finance Club newsletter for the latest money hacks, expert advice, and exclusive event invites!<a href="https://www.ladiesfinanceclub.com/newsletter25"> Sign up here at https://www.ladiesfinanceclub.com/newsletter25</a>
Are we friends on Instagram? <a href="https://www.instagram.com/ladiesfinanceclub">Follow us here at https://www.instagram.com/ladiesfinanceclub</a>
The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.
Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.
[See omnystudio.com/listener for privacy information.]

Welcome to Get Rich by Ladies Finance Club - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.   Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by <a href="https://instagram.com/ladiesfinanceclub">Ladies Finance Club</a> - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp; Hit subscribe and let&rsquo;s get rich (and stay rich) together.

Ladies Finance Club - Get Rich 

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.

Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.  

Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.
Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp;
Hit subscribe and let&rsquo;s get rich (and stay rich) together.