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You may have already heard of salary sacrifice, but do you know what it actually means and how to make the most of it?
In our animation, we consider the tax-effective and wealth accumulation benefits of entering into a salary sacrifice arrangement with your employer.
It is important to note that everyone’s financial situation is different, so the benefits of salary sacrificing (as well as the arrangements offered by your employer) will differ from person to person. While salary sacrificing into super is a tax effective way to build your retirement nest egg, you should consider your net cash flow and any other arrangements you currently have in place.
Salary Sacrifice video explanation
Source: SPC Knowledge Centre
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