Salary Sacrifice20104205530

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					                                                                                                                                                                                                                                                                                       Issued Aug 08

How to start                                                  How salary sacrificing                                                                                                                                                            Salary Sacrifice
salary sacrificing                                            can pay off                                                                    For more information contact LUCRF Super
                                                                                                                                                                                                                                                Growing your super while paying less tax

                                                                                                                                             1300 130 780
Simply complete the attached Payroll Deduction form and
                                                                        More super
give it directly to your payroll department.                   1        Salary sacrificing could make a huge difference
Your employer can also pay personal contributions                                                                                            Web:
                                                                        to your super balance when it is time to retire
directly into your LUCRF Super account from your                                                                                             E-mail:
                                                                        – and you may even be able to retire sooner!
after-tax pay. If you would like to do this, complete                                                                                        Postal address: PO Box 211 North Melbourne VIC 3051
Step 3 of the attached form.                                                                                                                 Fax: (03) 9326 6907
Your employer will notify LUCRF Super of the contribution
                                                              Example of super savings on retirement:
type and amount when making your superannuation

Important things to know about                                                                                       $483,000
salary sacrifice                                                      GET NEARLY                                     9% Employer             Privacy
•	Salary sacrifice arrangements are not available to                 $200,000 more,                                  contribution +          LUCRF Super is committed to the National Privacy Principles set down by
                                                                                                                       6% Salary             the Federal Government (see and has produced a
  everyone and not all employers will offer the option.               by salary sacrificing                             Sacrifice            Privacy Policy. For a copy of the LUCRF Super Privacy Policy, call us on 1300
  If you are paid under an Award, you may not be able to                                                                                     130 780 or visit
  sacrifice your salary to a level below what is stipulated
  in your Award.                                              David                                                                          This financial product advice is general in nature and has been prepared
                                                                                                                $303,000                     without taking into account your objectives, financial situation or needs.
•	Because the tax treatment of salary sacrifice               •	Is 30 years old
                                                                                                                                             You should therefore consider the appropriateness of the advice in light of
  contributions is different to that of personal super        •	Plans to retire at 65                           9% Employer                  your own objectives, financial situation or needs before acting on this
  contributions (made from your after-tax pay), it may                                                          contribution
                                                              •	Has a current account                               only
                                                                                                                                             advice. It is recommended that you obtain and consider the information in
  not suit your circumstances. By calling 1300 130 780,          balance of $10,000                                                          the current LUCRF Super Product Disclosure Statements (including
  you can talk to a LUCRF Super Business Development                                                                                         Financial Services Guide), before making any decision. Should you require
                                                              •	Has an annual income                                                         advice that addresses your personal circumstances, it is recommended
  Manager, who can help you understand more about
                                                                 of $50,000                                                                  that you contact a person who is authorised to provide personal financial
  salary sacrifice arrangements. Alternatively, talk to a                                                                                    product advice.
  financial advisor about your own financial situation        •	Salary sacrifices $3,000
  before making a salary sacrifice arrangement with              per year (6% of pay)                                                        Issued August 2008 by LUCRF Pty Ltd, ABN 18 005 502 090, AFSL 258481,
                                                                                                                                             RSE Licence L0002981, Trustee of LUCRF Super, SFN 139 704 948
  your employer.
                                                              Assumptions: 8.5% annual investment earnings, 0.69% investment
                                                              management fee (Balanced option), $1.25 weekly administration fee.
•	When making a decision, ask your employer which
                                                              The above projection is meant as an estimate only and is not intended to be
  gross pay figure they will be using to calculate your 9%    kept or used for practical purposes. Actual outcomes will depend on a range                                                                                                  ‘Every little bit I add helps me later
  SG contributions – will it be before or after your salary   of factors outside the control of LUCRF Super and does not project growth of
                                                                                                                                                                                                                                           on and the tax savings are great!’
                                                              annual income or adjusted salary sacrifice contribution amounts. It is not
  sacrifice has been deducted?                                intended to be used as a substitute for professional financial advice.                                                                                                       Pat Tugaga
  Example: If you gross $50,000 p.a. and you salary                                                                                                                                                                                        LUCRF Super member
  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.
                                                               2        Less tax
                                                                        The money you salary sacrifice into your super
•	If you are aged between 65 and 75, you will need to
  meet the work test (which requires that you work a                    comes directly off your gross (before-tax) pay. This
  minimum of 40 hours in a continuous 30-day period                     money is taxed at the super contributions tax rate
  during the financial year) to make either personal or                 of 15% upon entry into your fund, instead of your
  salary sacrifice contributions to your super. If you are              usual income tax rate (between 31.5% and

                                                                                                                                                                                                                             LUCRF 28440
  aged 75 or over, you are not eligible to contribute.                  46.5%, including Medicare Levy).
What is Salary Sacrifice?                                                  A little each pay does add up                                                                Hand tHis form to your
                                                                                                                                                                        employer’s payroll department
                                                                           By salary sacrificing a little amount each pay, you
Salary sacrifice is having an arrangement                                  can boost your super considerably without the need to
with your employer to pay part of your gross                               budget for a large annual ‘once-off’ contribution.
pay directly into your super account, before                               Because the super contributions tax rate of 15% on                                    Request for Payroll Deduction
it is taxed.                                                               salary sacrifice payments is less than most people’s
                                                                                                                                                                 If your employer allows additional contributions to be deducted from your pay, please complete this form
                                                                           individual income tax rate (between 31.5% and 46.5%,
This can help grow your super for a more comfortable                                                                                                             and hand it to your employer’s payroll department (salary sacrifice and/or personal contributions).
                                                                           including Medicare Levy) you can achieve some
retirement whilst reducing your personal income tax.                       favourable tax savings.
                                                                                                                                                                   Step 1 Employer details
Personal Contributions – what is the difference?                           The table below shows how salary sacrificing a little each
                                                                           pay adds up and may reduce your tax.                                                    Fill in your company name here
Personal contributions are paid into your super from your
after-tax pay. If you earn less than $60,342 p.a. and
make a personal contribution to your super, you may be                      Step 1                                                                                 Fill in your name here (name of member)
eligible for the Government Co-contribution payment of up                   If you can afford to
to $1,500 p.a. To learn more, read our Money for Nothing                    reduce your fortnightly                                                                Your LUCRF Super membership number                           Company payroll number (if known)
brochure available from or call us on                      take-home pay by:                       $25              $50             $100
1300 130 780.
                                                                            Step 2                                                                                 I authorise you to deduct the following amount of superannuation contribution and remit to LUCRF Super with the employer contribution.

3     ways to grow your super                                               Your yearly salary
                                                                            sacrifice into your
                                                                                                                                                                   Step 2 Salary sacrifice contribution                                                          Step 3 Personal contribution
                                                                            super account will be:                 $650            $1,300          $2,600
In some circumstances, an effective way to help grow
                                                                                                                                                                   Fill in this section if you want to make salary sacrifice contributions                       Fill in this section if you want to make personal contributions
your super is to combine salary sacrificing, personal                       Step 3                                                                                 to your super.                                                                                to your super.
contributions and the Government Co-contribution
                                                                            Your yearly tax saving                                                                 Please commence my before-tax contribution of:                                                Please commence my after-tax contribution of:
                                                                            on your salary sacrifice                                                                                  %              $                                                                               %              $
The more you reduce your gross taxable income below                         payments will be:                      $107             $214             $429                                   or                                  per pay                                                    or                                    per pay
$60,342 p.a. (which can be done by salary sacrificing*),                                                                                                           Please tick your pay frequency:                                                               Please tick your pay frequency:
the more the Government may co-contribute into your
super for every extra dollar that you personally contribute.
                                                                           $      Result
                                                                                                                                                                   Weekly                 Fortnightly                Monthly                                     Weekly                  Fortnightly                   Monthly
                                                                            You have grown your super while reducing your income tax.                              Contribution starting date:                                                                   Contribution starting date:
You will be growing your super
                                                                                                                                                                    D    D      M     M          Y       Y   Y   Y                                                D     D      M     M          Y       Y     Y    Y
in three extra ways                                                        Assumptions: Tax savings estimated on an individual income tax rate of 31.5%
                                                                           (including Medicare Levy) and super contributions tax rate of 15%; does not
                                                                           take into account movement between income tax brackets that may result
 1     Salary Sacrificing                                                  through salary sacrificing.
                                                                                                                                                                   Step 4 Authorisation
 2     Personal Contributions
                                                                           How much can you salary sacrifice?                                                      This authority is effective until further notice from me.
 3     Government Co-contributions (if eligible)                           From 1 July 2007, the total concessional contribution                                   Sign (member signature)
                                                                           limit is $50,000 a year. However, if you are 50 years of
To learn how any of these options may help you, or                         age or turning 50 between 1 July 2007 and 30 June                                       7                                                                                                                                         D     D   M M        Y   Y        Y   Y
if you would like a LUCRF Super staff member to visit                      2012, a concessional contribution limit of $100,000 a
your workplace, call us on 1300 130 780.                                   year applies until 30 June 2012 (transitional period). Any
                                                                           excess concessional contributions above these limits will                                Once completed, hand this form to your employer’s payroll department.
This information is of general nature and does not take into account
your personal objectives, situation or needs.                              be taxed at a higher rate. The concessional contribution                                 If you have any questions or would like assistance completing this form, please call us on 1300 130 780 or vist
*From 1 July 2009 Salary Sacrifice contributions will also count toward
                                                                           limit is indexed annually and can change in the future.                                  Note: Employers are required to submit employee personal contribution payments to LUCRF Super within 28 days of the end of the month in which payment has been deducted.
your ‘assessable income’ when determining eligibility for the Government   Please note: your concessional contributions limit includes your employer
Co-contribution payments. The minimum and maximum Co-contribution          superannuation guarantee (SG) and salary sacrifice contributions. Any contributions
thresholds are indexed annually and will change from year to year.         made over the concessional contributions limit will be subject to extra tax.          Issued August 2008 by LUCRF Pty Ltd, ABN 18 005 502 090, AFSL 258481, RSE Licence L0002981, Trustee of LUCRF Super, SFN 139704948

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Description: Salary Sacrifice20104205530