Salary sacrifice

A little less stuff, a lot more living

What you do now could make a world of difference later.

Never lose sight of your dreams for the future. Contributing part of your before-tax salary to your Super SA
Triple S account could give you the freedom to live the life you’re dreaming of in retirement.

And with salary sacrifice, you’re totally in control. You choose the amount, and you can start and stop anytime.

Meet Sarah

She is saving enough to do more travelling in retirement.1

Sarah is 40 and is a teacher. She earns $82,000 per year and is planning to retire at age 65.

She has just started to help it grow with salary sacrifice contributions of $40 per fortnight. That means she is on track to have an extra $34,900 in her super to do more travelling when she retires at age 65.

    No salary sacrifice   With salary sacrifice contribution $40 per fortnight  
Take home pay fortnight   $2,474   $2,453  

As a result Sarah:
  • Pays $11 less in IncomeTax
  • Reduces her take home pay by only $21
  • Has $34,900 more in her Super at age 65
Case study
Case study

For more information on how these contributions are taxed, refer to the Triple S reference guide.

1 By contributing $40 per fortnight you could have $34,900 more at retirement, which could pay for more travelling when you retire.
  • The "extra in your super at age 65" has been calculated based on the following assumptions and rules of the Triple S Scheme as follows:

    • Default employer Super Guarantee contributions of 10% up to 12% by 1 July 2025
    • Salary is excluding Super Guarantee
    • Investment rate of return of 6.1% per annum
    • Price inflation rate of 2.5% per annum and a salary inflation rate of 3.2% per annum
    • Death and Total and Permanent Disablement (TPD) insurance premiums of $117 per annum and Income protection is $936 per annum.
    • Administration fees have been calculated at $70.20 per year plus 0.05% of the account balance (capped at $325 per year).

    This calculation estimates an amount payable at a future time and has been adjusted to include price inflation to assume changes in the cost of living.

    Want to learn more about growing your super? Book into a webinar today.

How to set up your salary sacrifice

Decide on how much you want to put into your super from each pay and then follow these steps.

Fill in the Salary Sacrifice form
Want to salary sacrifice directly to Super SA? Decide on a set dollar amount or percentage to salary sacrifice. Filling in the form is easy. Click here to download the Triple S form. Click here to download the Triple S form.

Give to your employer or HR delegate 
If you're not sure who to give the completed form to, just ask your immediate manager or HR delegate. They should know where the form needs to go. 

Your employer sends to payroll
After you've given the form to your employer or HR delegate, the employer declaration, section 5, will be filled in by them. They’ll also hand the completed form to your agency's payroll to process. 

Shared Services or Payroll will action the completed form and they’ll adjust your salary as per your instructions in the form. The employer will deduct a $44 fee.

Why Salary sacrifice?

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Lower your income tax

Generally, salary sacrifice contributions are taxed 15% when contributions are paid into super account, this may be lower than your marginal tax rate. It also reduces your taxable income, as salary sacrifice contributions are deducted from your before-tax salary.

Save more in super

With a salary sacrifice agreement in place, you will be saving more for retirement, which will be compounding over time. This could allow you to arrive at a financially sound place, sooner than later. When you’re ready to retire and live your best life, you’ll be better prepared financially.

Want to know more about salary sacrificing to super?

It's easy to find out.

What you need to consider when salary sacrificing into Triple S

Salary sacrifice can be an effective way to grow your super balance, but it’s not right for everyone.

The information shown on this website is general information only. We haven’t considered your needs or objectives when providing the information. You should assess your own financial situation and needs and read the relevant Product Disclosure Statement before deciding about products on this website.

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