Q1. I have approx $75K worth of unused leave. I will likely cash in most and take a little. I plan on retiring (63yo) from 1/7/26 and was going to salary sacrifice my yearly pre-tax allowance ($30K) into my super as a lump sum from my leave payout and take the rest (approx $40K). I'm assuming my $30K pre-tax contribution into my super will be taxed at 15% and the remainder at my marginal tax rate. Can I do this?
Q2. This will be my final pay for 2026/2027 so I am assuming that if remain under the $45K threshold I will receive a tax refund for the difference in tax rate applied to the leave payout in my final salary. Am I correct in thinking that?
36 views
36 views5 replies
5 replies
36 views
5 replies