Can I salary sacrifice any large purchases I make?
Superannuation is not the only thing that can be paid out of your pre-tax salary. Other items can include:
- Desktop computers, laptops and phones
- Health insurance
- Childcare fees
Although this is unrelated to providing money directly to your superannuation account, paying some of your expenses directly from your pre-tax salary can end up saving you money when compared to paying from your savings accounts. Check with your employer about the items you can salary sacrifice as fringe benefits tax may apply.
*30% if you earn over $300,000 pa
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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement before deciding what’s right for you. This information hasn’t taken your circumstances into account.
This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.