Salaam, Welcome to Home of Australia’s premier Islamic Wealth Management

Salary Sacrificing

Start putting pre-tax salary
into your super now, to avoid
sacrifices down the road.

SUPERANNUATION

What is salary sacrificing
and how does it work?

When you “sacrifice” some of your salary. you make an agreement with your employer to pay it straight into your super account, instead of your bank account. This is an amount on top of your employer’s compulsory Superannuation Guarantee payment (9.5% of your salary).

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01You pay less tax

Salary in your super account gets taxed at 15% (if you earn less than $250,000) or 30% (if you earn more than $250,000). However, any salary you take home gets taxed at your usual income rate, which can be as high as 47%.

02You reduce your taxable income

The more salary you put into your super, the smaller your taxable income may be — and that could mean even more savings at tax time.

Setting up salary sacrificing to save more for your retirement might seem like a no-brainer. In addition to considering your debt levels before adding to your super, weigh up the following:

01You pay less tax

Salary in your super account gets taxed at 15% (if you earn less than $250,000) or 30% (if you earn more than $250,000). However, any salary you take home gets taxed at your usual income rate, which can be as high as 47%.

02You reduce your taxable income

The more salary you put into your super, the smaller your taxable income may be — and that could mean even more savings at tax time.

02You reduce your taxable income

The more salary you put into your super, the smaller your taxable income may be — and that could mean even more savings at tax time.

01You pay less tax

Salary in your super account gets taxed at 15% (if you earn less than $250,000) or 30% (if you earn more than $250,000). However, any salary you take home gets taxed at your usual income rate, which can be as high as 47%.

How to get started

If you’d like to start adding more to your super
through salary sacrificing. then consult with one
of our financial adviser

What Our Clients Say

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along with your clients.”

Dr Mutasim Sadiq

“We were very impressed with the support and updates provided by Irshad during our loan process. This process can be frustrating at the best of times and Irshad always made sure we were informed on the application progress. Thanks again for all your help.”

Rashed Mohammed Abu
IT Business owner

“I can’ t see how I could have organised this finance myself, given the difficulties with communication with the sellers and the solicitor, so we really thank you for all the chasing up you did for us.”

Dr Tabassum Hamid

“Meezan finance provided us an outstanding service throughout the whole application process. The staffs were very responsive to our needs, answered our telephone calls and emails promptly, followed up with sellers, solicitors and arranged property settlement for us. We are happy that through Meezan Finance we have achieved the best Islamic loan for our family’s needs. We have no hesitation in recommending Meezan wealth to anyone.”

Usman Saleem
Senior Technical Manager (IBM)

“Passion, knowledge and a genuine interest in achieving the best for clients is what makes a truly professional Financial Adviser. Rokibul always had this and more. His dedication to clients, business excellence and education sets him apart and I would highly recommend him to anyone wanting to achieve better financial outcomes.”

Sameer Syed
IT Developer (Inenco Group)

“I am absolutely delighted with your service. It is really refreshing to work with a financial adviser who is truly interested in their client’s needs, circumstances and preferences. What really impressed me was the way you took the time to get a feeling for where I was at, your depth of knowledge, lateral thinking and your common-sense approach. Your professional, ethical and caring demeanour elicits my trust and respect and I gladly recommend your services whenever possible.”

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IT Consultant

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Our qualified team are ready to assist you with your questions.

Talk to Us

1300 141 145

Head Office:

Darling Park, Tower-2 Level-20, 201 Sussex Street, Sydney 2000

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Suite-104, 8 French Avenue, Bankstown, NSW 2200

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