Hi, I currently have deductions taken pre-tax as part of a fringe benefits scheme with my employer (its placed onto meals entertainment card, and for mortgage etc) ....can I also organise pre tax contributions to my super, or would I need to cancel the fringe benefits in order to do pre tax super contributions, as both would be pre tax? (I hope all that makes sense)
Subject to your employer allowing amounts to be sacrificed to super, you could do so. Super contributions are not included in the limits that apply to entertainment and other benefits.
Subject to your employer allowing amounts to be sacrificed to super, you could do so. Super contributions are not included in the limits that apply to entertainment and other benefits.
Hi JakRocks,
Welcome to ATO Community!
The question you raised may be best answered by your employer or employer's salary packaging provider.
Nevertheless, salary sacrifice (that is, pre-tax) contributions your employer makes to your super fund won't attract fringe benefits tax (FBT*). Neither will an employee personally pay income tax on the contribution. I think it is unlikely you would be required to cancel the other pre-tax benefits you are receiving in order to salary sacrifice contributions. However, your best bet is speaking to those I have mentioned above.
*FBT is a tax an employer pays on certain types of employee remuneration which do not come in the form of traditional salary or wages.
This is my personal view; Im an ATO employee who chooses to help out here in my own time.
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