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Old 18th April 2008 | 14:02
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Veruka Salt
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Joined: Jun 2005
Posts: 298
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From: in denial
Hi Bonajet,

I think you're right that you are limited to $50-100K per annum salary sacrifice into super, but 15.5% of base salary only equates to around $18K.

Super is taxed "internally" at 15%, so I guess it isn't actually tax free, but my point is that by salary sacrificing the entire amount into super it is exempt of [U]income tax[U]. I am in the process of setting up a custom fund and will then offset franking credits etc against the 15% tax, but best get your own financial advice on that one!

Cheers,

VS.
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