Salary Sacrifice Calculator
Calculate the tax benefits of salary sacrificing into superannuation and other benefits
Calculate Salary Sacrifice Benefits
How to Use This Calculator
- Enter your current gross salary
- Enter the amount you want to salary sacrifice
- Select your pay frequency
- Click calculate to see tax savings and benefits
Salary Sacrifice Benefits
Enter your salary and sacrifice amount to see the benefits
Frequently Asked Questions
What is salary sacrifice?
Salary sacrifice is an arrangement where you agree to receive less take-home pay in exchange for your employer providing benefits of a similar value, such as additional superannuation contributions.
What are the tax benefits?
Salary sacrifice reduces your taxable income, which means you pay less income tax. The sacrificed amount goes into your superannuation where it's taxed at a lower rate (15% for most people).
Are there limits on salary sacrifice?
Yes, there are annual limits. The concessional contributions cap is $27,500 per year (2024-25), which includes employer contributions, salary sacrifice, and personal deductible contributions.
Can I access sacrificed money before retirement?
Generally, no. Money sacrificed into superannuation is preserved until you meet a condition of release, such as reaching preservation age (currently 60 for most people).