There’s 2 ways of making personal contributions:
- After-tax contributions - one-off or from salary
- Salary Sacrifice
After-tax contributions - one-off payments
Applies to Triple S, Flexible Rollover Product (FRP) and Super SA Select members only.
One off lump sum payments ($50 min) put into your super.
- Using BPAY – Triple S and FRP members only ($50 min)
- Super SA no longer accepts payments via cash, cheque or money order
After-tax contributions - direct from salary
Applies to Triple S and Super SA Select members only.
Money put into your super from your after tax salary.
- Contribute a set percentage of your after-tax salary each pay
Government incentives – 10% employer contribution and $500:
- 10% employer contribution - up from 9.5% - when you contribute 4.5% (Triple S and Super SA Select members only) direct from your salary
- Up to $500 from the Government Co-Contribution (conditions apply)
- Up to $500 from the Government's Low Income Super Contribution (Super SA Select members only).
Applies to Triple S, Super SA Select, Pension and Lump Sum Scheme members only.
Having money from your before-tax or gross salary invested in super
Why Salary Sacrifice?
Salary Sacrifice may have tax appeal.
- Contributions are from your gross salary – before tax has been calculated
- Your tax is based on this lower amount which could mean less PAYG tax
- Salary sacrifice contributions are taxed at up to 15% - generally less than the rate applied to shares, bank interest and your salary
- Contributions are deducted from your before-tax salary and directed to your Triple S account.
Which is right for me - salary sacrifice or after-tax, or both?
- Use the “Personal Superannuation Contributions Calculator” on our website
- Seek professional financial advice
- After-tax: Complete a “Change to Contribution Rate” form
- Salary Sacrifice: Complete a “Salary Sacrifice Contributions through Employer” form