this post was submitted on 10 Jul 2025
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I remember when I looked into it I could salary sacrifice an extra $500 a month into super and only take home $250 less because of how PAYG tax works. You can sacrifice up to about $12,000 into super a year before you have to pay additional fees on it or anything.
It's worth doing if you feel you can afford it, as you're still getting that money, just further down the line.
For real, if not for the silly situation I put myself in my clearing out all my readily accessible cash last FY, I would've put it all straight into super. Since my super is anaemic for my age and I am hoping to use the FHSSS in a couple of years if things go well.
I decided to put about 25% of the bonus in salary sacrifice and the rest paid out, and have my extra hours this pay cycle counted as TOIL which I can use to buffer the unpaid leave time over my break.
At the end of next FY I can always put the rest of the bonus money into super and claim the difference in tax back so if I understand correctly it is essentially the same as salary sacrifice, just at my own pace and with extra steps. I don't think I'll do regular salary sacrifice from my pay until I have a much better financial position, I kind of like being able to control the timing of my contributions and have the money on hand in the meantime in case shit hits the fan as a single person without much family support in Melbourne...