Package your super and pay less tax
Superannuation is your savings for your retirement. While the Government will be gradually increasing the super guarantee payments made by your employer on your behalf from 9.5 per cent to 12 per cent by 2025, these contributions alone may not be sufficient to support your retirement lifestyle. There are, however, strategies that can help you boost your super savings.
Salary sacrificing not only helps to boost your superannuation savings but reduces the amount of tax you pay as well.
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