In this guide
Allowing your employees to sacrifice some of their salary and wages into their super account can help them manage their tax bill, increase their retirement savings, and boost their engagement with your business.
There are important rules you need to follow if you want to create an effective salary sacrifice arrangement that passes muster with the ATO.
Here’s a simple explainer of what you need to know.
What is salary sacrifice?
A salary sacrifice arrangement is a before-tax payment made from your employee’s salary or wages that can provide them with valuable tax advantages.