Boost your super and save on tax

One of the easiest ways to boost your super is to set up ongoing contributions from your pre-tax pay. It's called salary sacrifice and it generally lets you pay less tax and boost your super directly from your pay. It's easy to set up and by contributing a little each pay, you'll hardly notice a difference.

Small sacrifices can make a big difference

By making pre-tax contributions into your super account, you could save on tax now by reducing your taxable income.  Pre-tax contributions, also referred to as concessional contributions, are taxed at 15%* once they’re in your super account which can be lower than your marginal tax rate. 

You’ll be surprised how even the smallest amount each pay can make a big difference to your final super balance. Use our pre-tax vs post-tax calculator to see for yourself.

Pre-tax vs post-tax contributions calculator

Adding a little extra to your super now could make a difference to your lifestyle in retirement. So the sooner you start the harder your super savings will work for you in the future. 

Know your limit

There is a limit on the amount of pre-tax contributions you can make to your super and if you go over, you may have to pay extra tax. 

View pre-tax contributions and limit

How to salary sacrifice

Once you know how much you’d like to deduct from your pre-tax salary contact your payroll team. If you are a Telstra employee, you can simply nominate an amount through 'Workday'.

Things to consider

If you’re a low or middle income earner, post-tax contributions might be a better option as you could be eligible for a government co-contribution.

*If your salary package is less than $250,000 per year.