SALARY SACRIFICE TO

SUPERANNUATION:
How salary sacrifice
contributions can reduce
income tax and improve
super savings

Understanding the potential
of your super contributions using the
Australian Catholic Superannuation
Salary Sacrifice Calculator

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DISCLAIMER
This presentation has been prepared by SCS Super Pty Ltd (ACN 064 712 607, AFSL
23055, RSE L0002264), the trustee of the Australian Catholic Superannuation &
Retirement Fund ABN 24 680 629 023, RSE R1055436.

Any advice contained in this presentation is of a general nature only, and does not
take into account your personal objectives, financial situation or needs. Prior to
acting on any information in this document, you need to take into account your
own financial circumstances, consider the Product Disclosure Statement for any
product you are considering, and seek independent financial advice if you are
unsure of what action to take.

The material contained in this presentation is based on information received in
good faith from sources within the market and on our understanding of the
legislation at this time.


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SALARY SACRIFICE CALCULATOR
In this presentation well introduce the concept of salary
sacrifice to super and, using the example of Anne, show you how
the Australian Catholic Superannuation Salary Sacrifice
Calculator can help determine:


The impact of salary sacrifice (pre-tax) super contributions on your
take home pay
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How salary sacrifice can add to your overall super balance.
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The impact of pre-tax superannuation contributions compared to
after-tax contributions


What are
salary sacrifice
superannuation
contributions?
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Contributions that come out of your
pre-tax salary.

Additional to your employers 9.5%
Superannuation Guarantee contribution.

Paid by your employer into your super account
instead of being paid to you as salary.


What impact
do these
contributions
have?
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Salary sacrifice superannuation contributions
could allow you to save tax by reducing your
taxable income.

Due to the power of compound interest, these
contributions can assist in boosting your final
retirement balance.




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Salary sacrifice superannuation contributions
could allow you to save tax by reducing your
taxable income.

Due to the power of compound interest, these
contributions can assist in boosting your final
retirement balance.



Read more about tax and superannuation here!

MEET ANNE
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Anne (50) is a Primary
School Principal earning
$130,000 per year.

Anne heard that making regular
pre-tax contributions to her super
account could make a big difference
to her superannuation balance and
also allow her to save tax.


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Anne believes she can
afford to salary sacrifice
$325 per month into
superannuation.

This is equal to $3,900 per year or
approximately 3% of Annes salary -
added to her employer contributions
of 9.5%, Anne is contributing a total
of 12.5% of her salary to super.


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Anne used the Salary Sacrifice Calculator
to see how salary sacrifice may affect
her income and retirement savings.
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IMPACT 1: TAKE HOME PAY
The salary sacrifice calculator shows the impact that pre-tax
and after-tax contributions would have on her taxable income
and annual take home pay.
Annual salary
and tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Gross income $130,000 $130,000
Salary sacrifice contributions $0 -$3,900
Taxable income $130,000 $126,100
PAYG Tax $38,647 -$37,126
After-tax contributions -$3,900 $0
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IMPACT 1: TAKE HOME PAY
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Annual Salary
& Tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Gross income $130,000 $130,000
Salary sacrifice contributions $0 -$3,900
Taxable income $130,000 $126,100
PAYG Tax $38,647 -$37,126
After-tax contributions -$3,900 $0
Annual take home pay $87,453 $88,974
Compared to an after-tax contribution of the same value, a
$3,900 pre-tax contribution would reduce Annes taxable
income and increase her take-home pay by $1,521.
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IMPACT 1: TAKE HOME PAY
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Annual Salary
& Tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Gross income
Salary sacrifice contributions
Taxable income
PAYG Tax
After-tax contributions
YOUR Annual take home pay $??,??? $??,???
Click here to try your situation in the calculator
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IMPACT 2: SUPERANNUATION
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Anne uses the calculator to see how pre-tax and after-tax
contributions will impact her superannuation contributions.
Annual Salary
& Tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Employer SG contributions $12,350 $12,350
Salary sacrifice contributions $0 $3,900
Contributions Tax -$1,852.50 -$2,437.50
After-tax contributions $3,900 $0
Net Super Contributions $14,397.50 $13,812.50
Total Take home pay &
net super contributions
$101,850.50 $102,786.50
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IMPACT 2: SUPERANNUATION
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The calculator shows that Annes net super balance will be
higher with an after-tax contribution yet her overall
situation will be better if she makes a pre-tax contribution.

This is because of the way contributions are taxed:

Pre-tax contributions are taxed at 15% which,
in Anne's case, is less than her income tax rate.

After-tax contributions are taxed at a persons regular
income tax rate and are not subject to the
contributions tax.

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Annual Salary
& Tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Net Super Contributions $14,397.50 $13,812.50
Total Take home pay &
net super contributions
$101,850.50 $102,786.50
IMPACT: TAKE HOME PAY & SUPER CONTRIBUTIONS
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As Anne pays less tax overall, her total take-home pay and
super contributions are $936 more if she makes a pre-tax
contribution compared to an after-tax contribution.

Annual Salary
& Tax details
After-tax
contributions
Salary sacrifice
(pre-tax)
contributions
Net Super Contributions $14,397.50 $13,812.50
Total Take home pay &
net super contributions
$101,850.50 $102,786.50
IMPACT: TAKE HOME PAY & SUPER CONTRIBUTIONS
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As Anne pays less tax overall, her total take-home pay and
super contributions are $936 more if she makes a pre-tax
contribution compared to an after-tax contribution.
click here to try your situation in the calculator


You too may
be able to
save tax and
grow your
super through
salary sacrifice
contributions.
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SALARY SACRIFICE AND YOUR SITUATION
Use the Australian Catholic Superannuation
Salary Sacrifice Calculator to see how pre-tax and
after-tax super contributions:

Impact your take home pay
Impact your total yearly super contributions
Increase your super balance
Are subject to government contributions


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Try the calculator now, click here


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How can I make
contributions
to my super?

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MAKING PRE-TAX CONTRIBUTIONS
Contact your pay office and ask them to deduct the
contributions from your regular pay.

You will need to specify the amount that you would like to
contribute per pay cycle.

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Click here for more information on
making contributions

MAKING AFTER-TAX CONTRIBUTIONS
Contact your pay office
and set up the contributions
to come out of your regular
after-tax pay.

Alternatively you can pay
directly to Australian
Catholic Superannuation via
BPay, direct debit, cheque
or EFTPOS.


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Click here for more
information on
making contributions
Easily transfer funds
to your super
account with BPay
Biller Code 444232
Customer Reference no:
[Your account number]

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CONTRIBUTION CAPS
The government places caps on the amount you can contribute
to superannuation each year and there are tax implications for
exceeding limits.

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For information on superannuation
contribution caps, click here.

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CONTACT
T 1300 658 776
W www.catholicsuper.com.au
E fundoffice@catholicsuper.com.au