Why should I consider salary sacrificing?

Here are some reasons you might decide to salary sacrifice:

• You’ll pay less income tax
Your taxable income is reduced by the amount you salary sacrifice, which means you could pay less income tax.
• There could be other tax benefits
Super is generally taxed¹ at what’s known as a concessional rate of 15%. If you compare this to your marginal tax rate, your total benefit (i.e. net income plus super) could increase through salary sacrificing. Of course, this tax benefit depends on your personal circumstances.
• Salary sacrifice is flexible
You can easily start, stop or change your salary sacrifice contribution amount as your situation changes.
• It’s cost-effective
You can generally salary sacrifice contributions at no cost into your GESB account through your employer, if you are a WA public sector employee.

It’s easy to get started. You need to complete a Payroll deduction form, submit it to your employer and they will send your contributions directly to us on your behalf. If you already have another type of salary sacrifice set up, simply contact your salary packaging provider for details on how to set up salary sacrifice for your super.

1 West State Super and Gold State Super are untaxed schemes. Tax is generally only payable when you access your benefit, or when you roll over to a taxed scheme or retirement income stream. For more information, read the Tax and super brochure.