Tax Relief and Salary Sacrifice
You undertake to ensure that your client is made aware of the need for the employer to obtain the prior written consent of any employee to whom salary exchange will be applied.
An employee can 'sacrifice' part of their salary or wages into super contributions under an agreement with you. You then pay this amount to. Find out how to set up salary sacrifice arrangements and calculate tax and National Insurance contributions on them if you're an employer.
Our 'Salary sacrifice calculator' helps you to compare the effect on take home pay and super contributions by making personal super contributions using two different methods, ie as a salary sacrifice contribution or as an after-tax contribution. This calculator generates factual information about the effect of those methods on take home pay and superannuation benefits.