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19 Answers

I’m wondering if anyone has used salary sacrifice to pay towards their Super or Mortgage and how it worked out?
Thanks.


Posted by P&M'smum, 15th April 2015


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  • yep it is a good thing- keep an eye on the election in case the new government changes the rules


  • yes id recommend it. small fee worth it. goes straight into morgage


  • Thanks for asking. This is something that I’m curious about too!


  • My daughter did. It’s brilliant. They take money out before you get taxed, so you okay less tax. But at the end of the financial year, you somehow end up getting shitloads back on your tax return


  • I have been using my salary sacrifice for car lease, and direct debit for mortgage payments and super contribution which works like clockworks that take the worries away.


  • My hubby is thinking of doing this so i am glad i have been able to read other peoples thoughs on it.


  • I’ve not done it, but in Australia be aware of how the Tax Office may treat salary sacrifice amounts that attract Fringe Benefits Tax. Firstly there are caps on concessional super contributions, which will attract extra tax if exceeded, and amounts which attract FBT can affect payments from other government agencies. I’m not saying it’s a bad thing, but be sure you know all the implications.


  • I\’ve not done it, but in Australia be aware of how the Tax Office may treat salary sacrifice amounts that attract Fringe Benefits Tax. Firstly there are caps on concessional super contributions, which will attract extra tax if exceeded, and amounts which attract FBT can affect payments from other government agencies. I\’m not saying it\’s a bad thing, but be sure you know all the implications.


  • Sacrificing to super makes sense if you are on high tax rate already.

    Sacrificing for mortgage is not as easy unless the company offers it. From my understanding, it attracts FBT, which is expensive. If company somehow can package it in, I will definitely take it.


  • I haven’t but I would read the small print very carefully if you are considering it.


  • I have never had the option to use it but my sister did on a house loan, if its on offer why notuse it i can not see anything against is at all.


  • My husband has done it for years for our rent and now our mortgage. It saves us quite a bit of money. They just deduct it from his pay and pay it back to him tax free.


  • We are looking into this at the moment so will follow


  • Good question! also, has anyone salary sacrificed for a car? Thanks!


  • I to am interested in this. Would be great to read what other mums post to this question.


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