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Issued September Salary Sacrifice. Salary Sacrifice. Grow your super. and pay less tax

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How to start

salary sacrificing

How salary sacrificing

can pay off

Example of super savings on retirement:

Complete the attached ‘Request for payroll deduction’ form

and hand it directly to your employer’s payroll department. Your employer can also pay personal contributions directly into your LUCRF Super account from your after-tax pay. If you would like to do this, complete Step 3 of the attached form.

Your employer will notify LUCRF Super of the contribution type and amount when making your superannuation payments.

Important things to know about salary sacrifice

Salary sacrifice arrangements are not available to everyone as not all employers will offer the option. If you are paid under an Award, you may not be able to sacrifice your salary to a level below what is stipulated in your Award.

Tax treatment of salary sacrifice (before-tax) contributions is different to that of personal super contributions (after-tax), therefore it may not suit your circumstances.

When making a decision, ask your employer which gross pay amount they will use to calculate your SG contributions – will it be before or after your salary sacrifice has been deducted?

Example: If you gross $50,000 p.a. and salary sacrifice $5,000 p.a., your employer may pay your SG contribution on $45,000 instead of the $50,000 you are earning. Ask your employer for clarification.

If you are aged between 65 and 75 years, you

will need to meet the work test conditions (which requires that you work a minimum of 40 hours in a continuous 30-day period during the financial year) to make either personal or salary sacrifice

contributions to your super. If you are aged 75 or over, you are not eligible to contribute.

Call 1300 130 780 and talk to a qualified LUCRF Super representative for personalised financial advice.

$722,205

minimum employer SG contribution + $100 per week salary sacrifice

$527,153

minimum employer SG

contribution only

Assumptions: Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% annual investment earnings, 0.69% investment management fee, $1.50 weekly administration fee, $156 p.a. insurance premium and 3% inflation p.a.

The above projection is meant as an estimate only and is not intended to be kept or used for practical purposes. Actual outcomes will depend on a range of factors outside the control of LUCRF Super. It is not intended to be used as a substitute for professional financial advice.

David

•Is 30 years old

•Plans to retire at 67

•Has a current account balance of $25,000

•Has an annual income of $70,000, and

•Salary sacrifices $100 per week

More super

Salary sacrificing can make a big difference to your super balance when it is time to retire.

Less tax

The money you salary sacrifice into your super comes directly from your gross (before-tax) pay. Generally this money is taxed at the super contribution tax rate of 15% upon entry into your fund instead of your normal income tax rate (could be up to 47%, including Medicare Levy).

LUCRF0102_0815

Retire with over

$195,000 more

by salary sacrificing

Salary Sacrifice

Issued 12 December 10

Salary

Sacrifice

Issued September 2015

Privacy

Protecting your personal information is important to us. We collect, use, disclose and protect your personal information in accordance with our Personal Information Collection Statement and the Privacy Policy. Please read these documents at lucrf.com.au/privacy or by calling 1300 130 780.

If you do not wish to receive direct marketing and educational material please contact us by phone, email or post.

Disclaimer

This brochure is issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-Operative Retirement Fund ABN 26 382 680 883 (LUCRF Super). The information provided is general in nature only and has been prepared without taking into account your personal financial situation, objectives or needs. You should assess your personal financial situation before making a decision. To help you decide we recommend you read our current Product Disclosure Statement (PDS). You can download this from our website or request a copy by calling us.

Contact LUCRF Super

1300 130 780

lucrf.com.au

E

mypartner@lucrf.com.au

P

PO Box 211 North Melbourne VIC 3051

Grow your super

(2)

Issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-operative Retirement Fund ABN 26 382 680 883 (LUCRF Super).

What is salary sacrifice?

Salary sacrifice is an arrangement with your

employer to pay part of your gross (before-tax) pay

directly into your super account.

This is known as a concessional contribution and it can help grow your super while reducing your personal income tax.

Personal contributions – what’s the difference?

Personal (non-concessional) contributions are paid into your super from your after-tax pay. If you earn less than $50,454 p.a.* you may be eligible for the government co-contribution.

To learn more, read our Money for Nothing brochure available fromlucrf.com.au or call us on 1300 130 780.

A little each pay does add up

By salary sacrificing a little amount each pay, you can boost your super considerably without the need to budget for a large annual ‘one-off’ contribution.

Tax savings

The super contribution tax rate is generally 15% on salary sacrifice payments and is less than most people’s individual income tax rate (between 34.5% and 47%, including Medicare Levy).

For further details regarding contribution tax levels please visit www.ato.gov.au/super or call 13 10 20.

Salary sacrifice at a glance

The table below shows how salary sacrificing from your gross pay (before-tax) can add to your super.

Salary sacrifice weekly to

super

Decrease in weekly take home pay

Annual Income tax saving

Super at age 67 without salary sacrifice

Super at age 67 with salary sacrifice

$30 $19.65 $538.00 $517,056 $575,572 $75 $48.96 $1,354.00 $517,056 $663,345 $125 $80.96 $2,290.00 $517,056 $760,870 $175 $112.96 $3,226.00 $517,056 $858,396

Assumptions: 30 years of age, $25,000 in super, $70,000 annual income, Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% p.a. investment earnings, $1.50 per week administration fee, 0.69% investment management fee, $156 p.a. insurance premium and 3% inflation p.a.

How much can you salary sacrifice?

The total concessional contribution limit is currently $30,000p.a. for people aged under 50 and $35,000 p.a. for people aged 50 and over. Any excess concessional contributions will be included in an individual’s assessable income and include a penalty charge due to the Australian Tax Office (ATO) not receiving the tax as early as they would have if it had been received as income tax. Please note: your concessional contributions limit includes your employer Superannuation Guarantee (SG) and salary sacrifice contributions.

If you need help completing this form, please call us on 1300 130 780 or email mypartner@lucrf.com.au

Request for payroll deduction

Hand this form to your payroll department

w

If your employer allows additional contributions to be deducted from your before or after-tax pay, please complete this form and then hand directly to your payroll department.

080.45

Step 1 Employer details

LUCRF Super membership number (if known) Company payroll number (if known)

Employee name (name of member)

To the pay office (company name)

Step 2 Contribution before-tax (salary sacrifice)

Salary sacrifice

Please commence my before-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 3 Contribution after-tax (personal contribution)

Personal contribution

Please commence my after-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 4 Authorisation

This authority is effective until further notice from me. Member signature

Date(dd/mm/yyyy)

7

/ /

EMPLOYER TO NOTE: After-tax contributions are required (by legislation) to be paid within 28 days of the end of the month in which they are deducted.

Super tip

Rollover to help boost your super!

If you’re like most Australians, you may have more than one super account and be paying more than one set of fees. This eats away your retirement savings.

Combining all your super into one LUCRF Super account can help to give your super an extra boost. It’s a lot easier than most people think! Read more in our Rollover brochure available at

lucrf.com.au or by calling us on 1300 130 780.

*Total annual income amount includes assessable income, fringe benefits and

reportable super contributions for the income year.

(3)

Issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-operative Retirement Fund ABN 26 382 680 883 (LUCRF Super).

What is salary sacrifice?

Salary sacrifice is an arrangement with your

employer to pay part of your gross (before-tax) pay

directly into your super account.

This is known as a concessional contribution and it can help grow your super while reducing your personal income tax.

Personal contributions – what’s the difference?

Personal (non-concessional) contributions are paid into your super from your after-tax pay. If you earn less than $50,454 p.a.* you may be eligible for the government co-contribution.

To learn more, read our Money for Nothing brochure available fromlucrf.com.au or call us on 1300 130 780.

A little each pay does add up

By salary sacrificing a little amount each pay, you can boost your super considerably without the need to budget for a large annual ‘one-off’ contribution.

Tax savings

The super contribution tax rate is generally 15% on salary sacrifice payments and is less than most people’s individual income tax rate (between 34.5% and 47%, including Medicare Levy).

For further details regarding contribution tax levels please visit www.ato.gov.au/super or call 13 10 20.

Salary sacrifice at a glance

The table below shows how salary sacrificing from your gross pay (before-tax) can add to your super.

Salary sacrifice weekly to

super

Decrease in weekly take home pay

Annual Income tax saving

Super at age 67 without salary sacrifice

Super at age 67 with salary sacrifice

$30 $19.65 $538.00 $517,056 $575,572 $75 $48.96 $1,354.00 $517,056 $663,345 $125 $80.96 $2,290.00 $517,056 $760,870 $175 $112.96 $3,226.00 $517,056 $858,396

Assumptions: 30 years of age, $25,000 in super, $70,000 annual income, Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% p.a. investment earnings, $1.50 per week administration fee, 0.69% investment management fee, $156 p.a. insurance premium and 3% inflation p.a.

How much can you salary sacrifice?

The total concessional contribution limit is currently $30,000p.a. for people aged under 50 and $35,000 p.a. for people aged 50 and over. Any excess concessional contributions will be included in an individual’s assessable income and include a penalty charge due to the Australian Tax Office (ATO) not receiving the tax as early as they would have if it had been received as income tax. Please note: your concessional contributions limit includes your employer Superannuation Guarantee (SG) and salary sacrifice contributions.

If you need help completing this form, please call us on 1300 130 780 or email mypartner@lucrf.com.au

Request for payroll deduction

Hand this form to your payroll department

w

If your employer allows additional contributions to be deducted from your before or after-tax pay, please complete this form and then hand directly to your payroll department.

080.45

Step 1 Employer details

LUCRF Super membership number (if known) Company payroll number (if known) Employee name (name of member)

To the pay office (company name)

Step 2 Contribution before-tax (salary sacrifice)

Salary sacrifice

Please commence my before-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 3 Contribution after-tax (personal contribution)

Personal contribution

Please commence my after-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 4 Authorisation

This authority is effective until further notice from me. Member signature

Date(dd/mm/yyyy)

7

/ /

EMPLOYER TO NOTE: After-tax contributions are required (by legislation) to be paid within 28 days of the end of the month in which they are deducted.

Super tip

Rollover to help boost your super!

If you’re like most Australians, you may have more than one super account and be paying more than one set of fees. This eats away your retirement savings.

Combining all your super into one LUCRF Super account can help to give your super an extra boost. It’s a lot easier than most people think! Read more in our Rollover brochure available at

lucrf.com.au or by calling us on 1300 130 780.

*Total annual income amount includes assessable income, fringe benefits and

reportable super contributions for the income year.

(4)

Issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-operative Retirement Fund ABN 26 382 680 883 (LUCRF Super).

What is salary sacrifice?

Salary sacrifice is an arrangement with your

employer to pay part of your gross (before-tax) pay

directly into your super account.

This is known as a concessional contribution and it can help grow your super while reducing your personal income tax.

Personal contributions – what’s the difference?

Personal (non-concessional) contributions are paid into your super from your after-tax pay. If you earn less than $50,454 p.a.* you may be eligible for the government co-contribution.

To learn more, read our Money for Nothing brochure available fromlucrf.com.au or call us on 1300 130 780.

A little each pay does add up

By salary sacrificing a little amount each pay, you can boost your super considerably without the need to budget for a large annual ‘one-off’ contribution.

Tax savings

The super contribution tax rate is generally 15% on salary sacrifice payments and is less than most people’s individual income tax rate (between 34.5% and 47%, including Medicare Levy).

For further details regarding contribution tax levels please visit www.ato.gov.au/super or call 13 10 20.

Salary sacrifice at a glance

The table below shows how salary sacrificing from your gross pay (before-tax) can add to your super.

Salary sacrifice weekly to

super

Decrease in weekly take home pay

Annual Income tax saving

Super at age 67 without salary sacrifice

Super at age 67 with salary sacrifice

$30 $19.65 $538.00 $517,056 $575,572 $75 $48.96 $1,354.00 $517,056 $663,345 $125 $80.96 $2,290.00 $517,056 $760,870 $175 $112.96 $3,226.00 $517,056 $858,396

Assumptions: 30 years of age, $25,000 in super, $70,000 annual income, Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% p.a. investment earnings, $1.50 per week administration fee, 0.69% investment management fee, $156 p.a. insurance premium and 3% inflation p.a.

How much can you salary sacrifice?

The total concessional contribution limit is currently $30,000p.a. for people aged under 50 and $35,000 p.a. for people aged 50 and over. Any excess concessional contributions will be included in an individual’s assessable income and include a penalty charge due to the Australian Tax Office (ATO) not receiving the tax as early as they would have if it had been received as income tax. Please note: your concessional contributions limit includes your employer Superannuation Guarantee (SG) and salary sacrifice contributions.

If you need help completing this form, please call us on 1300 130 780 or email mypartner@lucrf.com.au

Request for payroll deduction

Hand this form to your payroll department

w

If your employer allows additional contributions to be deducted from your before or after-tax pay, please complete this form and then hand directly to your payroll department.

080.45

Step 1 Employer details

LUCRF Super membership number (if known) Company payroll number (if known)

Employee name (name of member)

To the pay office (company name)

Step 2 Contribution before-tax (salary sacrifice)

Salary sacrifice

Please commence my before-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 3 Contribution after-tax (personal contribution)

Personal contribution

Please commence my after-tax contribution of

%

or $

Using the following pay frequency Weekly Fortnightly Monthly

Commencing from this future pay date (dd/mm/yyyy)

/ /

Step 4 Authorisation

This authority is effective until further notice from me. Member signature

Date(dd/mm/yyyy)

7

/ /

EMPLOYER TO NOTE: After-tax contributions are required (by legislation) to be paid within 28 days of the end of the month in which they are deducted.

Super tip

Rollover to help boost your super!

If you’re like most Australians, you may have more than one super account and be paying more than one set of fees. This eats away your retirement savings.

Combining all your super into one LUCRF Super account can help to give your super an extra boost. It’s a lot easier than most people think! Read more in our Rollover brochure available at

lucrf.com.au or by calling us on 1300 130 780.

*Total annual income amount includes assessable income, fringe benefits and

reportable super contributions for the income year.

(5)

How to start

salary sacrificing

How salary sacrificing

can pay off

Example of super savings on retirement:

Complete the attached ‘Request for payroll deduction’ form

and hand it directly to your employer’s payroll department. Your employer can also pay personal contributions directly into your LUCRF Super account from your after-tax pay. If you would like to do this, complete Step 3 of the attached form.

Your employer will notify LUCRF Super of the contribution type and amount when making your superannuation payments.

Important things to know about salary sacrifice

Salary sacrifice arrangements are not available to everyone as not all employers will offer the option. If you are paid under an Award, you may not be able to sacrifice your salary to a level below what is stipulated in your Award.

Tax treatment of salary sacrifice (before-tax) contributions is different to that of personal super contributions (after-tax), therefore it may not suit your circumstances.

When making a decision, ask your employer which gross pay amount they will use to calculate your SG contributions – will it be before or after your salary sacrifice has been deducted?

Example: If you gross $50,000 p.a. and salary sacrifice $5,000 p.a., your employer may pay your SG contribution on $45,000 instead of the $50,000 you are earning. Ask your employer for clarification.

If you are aged between 65 and 75 years, you

will need to meet the work test conditions (which requires that you work a minimum of 40 hours in a continuous 30-day period during the financial year) to make either personal or salary sacrifice

contributions to your super. If you are aged 75 or over, you are not eligible to contribute.

Call 1300 130 780 and talk to a qualified LUCRF Super representative for personalised financial advice.

$722,205

minimum employer SG contribution + $100 per week salary sacrifice

$527,153

minimum employer SG

contribution only

Assumptions: Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% annual investment earnings, 0.69% investment management fee, $1.50 weekly administration fee, $156 p.a. insurance premium and 3% inflation p.a.

The above projection is meant as an estimate only and is not intended to be kept or used for practical purposes. Actual outcomes will depend on a range of factors outside the control of LUCRF Super. It is not intended to be used as a substitute for professional financial advice.

David

•Is 30 years old

•Plans to retire at 67

•Has a current account balance of $25,000

•Has an annual income of $70,000, and

•Salary sacrifices $100 per week

More super

Salary sacrificing can make a big difference to your super balance when it is time to retire.

Less tax

The money you salary sacrifice into your super comes directly from your gross (before-tax) pay. Generally this money is taxed at the super contribution tax rate of 15% upon entry into your fund instead of your normal income tax rate (could be up to 47%, including Medicare Levy).

LUCRF0102_0815

Retire with over

$195,000 more

by salary sacrificing

Salary Sacrifice

Issued 12 December 10

Salary

Sacrifice

Issued September 2015

Privacy

Protecting your personal information is important to us. We collect, use, disclose and protect your personal information in accordance with our Personal Information Collection Statement and the Privacy Policy. Please read these documents at lucrf.com.au/privacy or by calling 1300 130 780.

If you do not wish to receive direct marketing and educational material please contact us by phone, email or post.

Disclaimer

This brochure is issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-Operative Retirement Fund ABN 26 382 680 883 (LUCRF Super). The information provided is general in nature only and has been prepared without taking into account your personal financial situation, objectives or needs. You should assess your personal financial situation before making a decision. To help you decide we recommend you read our current Product Disclosure Statement (PDS). You can download this from our website or request a copy by calling us.

Contact LUCRF Super

1300 130 780

lucrf.com.au

E

mypartner@lucrf.com.au

P

PO Box 211 North Melbourne VIC 3051

Grow your super

(6)

How to start

salary sacrificing

How salary sacrificing

can pay off

Example of super savings on retirement:

Complete the attached ‘Request for payroll deduction’ form

and hand it directly to your employer’s payroll department. Your employer can also pay personal contributions directly into your LUCRF Super account from your after-tax pay. If you would like to do this, complete Step 3 of the attached form.

Your employer will notify LUCRF Super of the contribution type and amount when making your superannuation payments.

Important things to know about salary sacrifice

Salary sacrifice arrangements are not available to everyone as not all employers will offer the option. If you are paid under an Award, you may not be able to sacrifice your salary to a level below what is stipulated in your Award.

Tax treatment of salary sacrifice (before-tax) contributions is different to that of personal super contributions (after-tax), therefore it may not suit your circumstances.

When making a decision, ask your employer which gross pay amount they will use to calculate your SG contributions – will it be before or after your salary sacrifice has been deducted?

Example: If you gross $50,000 p.a. and salary sacrifice $5,000 p.a., your employer may pay your SG contribution on $45,000 instead of the $50,000 you are earning. Ask your employer for clarification.

If you are aged between 65 and 75 years, you

will need to meet the work test conditions (which requires that you work a minimum of 40 hours in a continuous 30-day period during the financial year) to make either personal or salary sacrifice

contributions to your super. If you are aged 75 or over, you are not eligible to contribute.

Call 1300 130 780 and talk to a qualified LUCRF Super representative for personalised financial advice.

$722,205

minimum employer SG contribution + $100 per week salary sacrifice

$527,153

minimum employer SG

contribution only

Assumptions: Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% annual investment earnings, 0.69% investment management fee, $1.50 weekly administration fee, $156 p.a. insurance premium and 3% inflation p.a.

The above projection is meant as an estimate only and is not intended to be kept or used for practical purposes. Actual outcomes will depend on a range of factors outside the control of LUCRF Super. It is not intended to be used as a substitute for professional financial advice.

David

•Is 30 years old

•Plans to retire at 67

•Has a current account balance of $25,000

•Has an annual income of $70,000, and

•Salary sacrifices $100 per week

More super

Salary sacrificing can make a big difference to your super balance when it is time to retire.

Less tax

The money you salary sacrifice into your super comes directly from your gross (before-tax) pay. Generally this money is taxed at the super contribution tax rate of 15% upon entry into your fund instead of your normal income tax rate (could be up to 47%, including Medicare Levy).

LUCRF0102_0815

Retire with over

$195,000 more

by salary sacrificing

Salary Sacrifice

Issued 12 December 10

Salary

Sacrifice

Issued September 2015

Privacy

Protecting your personal information is important to us. We collect, use, disclose and protect your personal information in accordance with our Personal Information Collection Statement and the Privacy Policy. Please read these documents at lucrf.com.au/privacy or by calling 1300 130 780.

If you do not wish to receive direct marketing and educational material please contact us by phone, email or post.

Disclaimer

This brochure is issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-Operative Retirement Fund ABN 26 382 680 883 (LUCRF Super). The information provided is general in nature only and has been prepared without taking into account your personal financial situation, objectives or needs. You should assess your personal financial situation before making a decision. To help you decide we recommend you read our current Product Disclosure Statement (PDS). You can download this from our website or request a copy by calling us.

Contact LUCRF Super

1300 130 780

lucrf.com.au

E

mypartner@lucrf.com.au

P

PO Box 211 North Melbourne VIC 3051

Grow your super

(7)

How to start

salary sacrificing

How salary sacrificing

can pay off

Example of super savings on retirement:

Complete the attached ‘Request for payroll deduction’ form

and hand it directly to your employer’s payroll department. Your employer can also pay personal contributions directly into your LUCRF Super account from your after-tax pay. If you would like to do this, complete Step 3 of the attached form.

Your employer will notify LUCRF Super of the contribution type and amount when making your superannuation payments.

Important things to know about salary sacrifice

Salary sacrifice arrangements are not available to everyone as not all employers will offer the option. If you are paid under an Award, you may not be able to sacrifice your salary to a level below what is stipulated in your Award.

Tax treatment of salary sacrifice (before-tax) contributions is different to that of personal super contributions (after-tax), therefore it may not suit your circumstances.

When making a decision, ask your employer which gross pay amount they will use to calculate your SG contributions – will it be before or after your salary sacrifice has been deducted?

Example: If you gross $50,000 p.a. and salary sacrifice $5,000 p.a., your employer may pay your SG contribution on $45,000 instead of the $50,000 you are earning. Ask your employer for clarification.

If you are aged between 65 and 75 years, you

will need to meet the work test conditions (which requires that you work a minimum of 40 hours in a continuous 30-day period during the financial year) to make either personal or salary sacrifice

contributions to your super. If you are aged 75 or over, you are not eligible to contribute.

Call 1300 130 780 and talk to a qualified LUCRF Super representative for personalised financial advice.

$722,205

minimum employer SG contribution + $100 per week salary sacrifice

$527,153

minimum employer SG

contribution only

Assumptions: Employer SG contribution of 9.5% increasing to 12% from 1 July 2022, 7% annual investment earnings, 0.69% investment management fee, $1.50 weekly administration fee, $156 p.a. insurance premium and 3% inflation p.a.

The above projection is meant as an estimate only and is not intended to be kept or used for practical purposes. Actual outcomes will depend on a range of factors outside the control of LUCRF Super. It is not intended to be used as a substitute for professional financial advice.

David

•Is 30 years old

•Plans to retire at 67

•Has a current account balance of $25,000

•Has an annual income of $70,000, and

•Salary sacrifices $100 per week

More super

Salary sacrificing can make a big difference to your super balance when it is time to retire.

Less tax

The money you salary sacrifice into your super comes directly from your gross (before-tax) pay. Generally this money is taxed at the super contribution tax rate of 15% upon entry into your fund instead of your normal income tax rate (could be up to 47%, including Medicare Levy).

LUCRF0102_0815

Retire with over

$195,000 more

by salary sacrificing

Salary Sacrifice

Issued 12 December 10

Salary

Sacrifice

Issued September 2015

Privacy

Protecting your personal information is important to us. We collect, use, disclose and protect your personal information in accordance with our Personal Information Collection Statement and the Privacy Policy. Please read these documents at lucrf.com.au/privacy or by calling 1300 130 780.

If you do not wish to receive direct marketing and educational material please contact us by phone, email or post.

Disclaimer

This brochure is issued September 2015 by L.U.C.R.F Pty Ltd ABN 18 005 502 090 AFSL 258481 as Trustee for Labour Union Co-Operative Retirement Fund ABN 26 382 680 883 (LUCRF Super). The information provided is general in nature only and has been prepared without taking into account your personal financial situation, objectives or needs. You should assess your personal financial situation before making a decision. To help you decide we recommend you read our current Product Disclosure Statement (PDS). You can download this from our website or request a copy by calling us.

Contact LUCRF Super

1300 130 780

lucrf.com.au

E

mypartner@lucrf.com.au

P

PO Box 211 North Melbourne VIC 3051

Grow your super

References

Related documents

If you have reached your preservation age 3 or over and still working, you may be able to make salary sacrifice or personal deductible contributions and supplement your reduced

Once your super fund has reported your personal contributions to us, and you have lodged your income tax return, we can then calculate your co-contribution and deposit it into

These concessional contributions include employer contributions, salary sacrifice contributions and personal contributions for which you have notified your fund of your intention

Super system Super fund Super Guarantee Salary sacrifice Self-employed / Personal deductible contributions Non-concessional contributions 15% Nil tax Preservation 15% tax

• and you’re currently making salary sacrifice contributions (see Strategy 1), your lower income spouse (if applicable) may also want to make a personal after-tax

For the 2009/10 income year and all future years, if you make super contributions under a salary sacrifice arrangement or extra super contributions to a super fund for an employee,

Salary sacrificing to super involves giving up part of your before-tax income, including your salary, bonus and commissions, in exchange for contributions paid into your super

Salary sacrifice contributions are regarded as voluntary employer contributions and are concessionally taxed at 15% when contributed to a super fund; they are concessional