Putting extra into your super from your before-tax pay could:
And because super’s for when you retire, what you do today could have long-term perks.
See what it could add up to using our calculator as a guide.
Any money put into your super from your pay before tax is known as before-tax contributions.
These could be compulsory contributions which your employer pays, or salary sacrifice which are additional payments into your super that you might choose to make.
You can generally set up salary sacrifice through your HR or Payroll team at work. And you can choose from a one-off payment, such as a bonus, or an ongoing amount from each pay.
If you’re an AMP customer you can login to My AMP at any time to check the total contributions in your AMP super account.
You can also set up notifications in My AMP to let you know when you’re getting close to the limit on your AMP super account. Remember the cap applies to all before-tax contributions made in a financial year across all super accounts you may have.
If your super fund is with another provider, you can likely gain access to that information by logging in to their portal.
Everyone’s different, so if you’re thinking about adding a little more to your super before tax, consider your circumstances and whether this is right for you.
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