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Salary sacrifice and your super

An important consideration in building your super balance is to salary sacrifice your earnings to make additional contributions to your super.

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Your employer can make additional super contributions by salary sacrificing your part of your earnings. This are treated as concessional contributions, taxed at 15% in the superannuation fund. However, this is compared to your marginal income tax rates if this was not sacrificed.

Potential benefits for the regular salary sacrificed superannuation payments include an acceleration of growth of your super balance (which would  make a big difference at retirement) and this will lower your taxable income and may help you pay less tax, stay in a lower tax bracket, reduce the Medicare Levy or qualify you for certain concessions, etc

 

 

 

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We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

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Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

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Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.