Salary sacrificing is a great way to secure your financial future. By giving up a nominated amount of your regular salary you reduce the amount of tax you pay on your income (by paying a lower rate on the amount sacrificed to your super) as well as build up more wealth in preparation for your retirement. When you should start depends on how much of your regular income you can afford to give up, your current superannuation balance and how close you are to retirement. Your payroll department will be able to assist you with setting up salary sacrificing.    

General Advice warning:
Pearl Funds Management, an authorised representative AFS Rep No 001254808 of Banyan Securities Pty Ltd AFSL 484139
The information presented by us is general in nature and does not take into account your personal goals and objectives. It does not represent financial product advice. You should always seek independent legal and financial advice before making a decision in relation to a financial product. Read the Product Disclosure Statement (PDS) before making a decision. You should consider your own circumstances, needs and financial objectives before making a decision.

Kirstie Spicer
18 November 2014