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					Salary
Sacrifice
                                    Salary Sacrifice
                                    You may be able to make contributions from your pre tax salary to AMIST Super, which is known as
                                    Salary Sacrifice. Under a Salary Sacrifice arrangement, your employer pays part of your salary into your
                                    superannuation fund, rather than as actual wages. This can potentially result in you paying less tax than if
                                    you receive all of your salary as wages.

                                    Please note that some employers do not allow salary sacrifice, whilst others put conditions on employees
                                    being able to salary sacrifice. For example, an employer may allow you to salary sacrifice and reduce your
                                    taxable income – but you may then have your Superannuation Guarantee and other entitlements based on
                                    this new, lower income. Please check with your employer if you are contemplating making contributions to
                                    AMIST Super via salary sacrifice.

                                    The example below shows a member whose salary is $60,000, and the difference between $10,000 made
                                    as a contribution from after tax salary, and as Salary Sacrifice.



                                                                                                                           WITHOUT                    WITH
                                                                                                                           SALARY                     SALARY
                                                                                                                           SACRIFICE                  SACRIFICE
                                      Total Salary                                                                         $60,000                    $60,000
                                      Salary Sacrifice Amount                                                              NIL                        $10,000
                                      Voluntary Contribution                                                               $10,000                    NIL
                                      Taxable Income                                                                       $60,000                    $50,000
                                      Personal Income Tax Payable*                                                         $12,750                    $9,600
                                      Superannuation Contributions Tax**                                                   NIL                        $1,500
                                      Total Tax Payable                                                                    $12,750                    $11,100
                                      Amount contributed to superannuation (not including 9%                               $10,000                    $10,000
                                      Superannuation Guarantee)
                                      Disposable Income (after superannuation contribution)                                $37,250                    $38,900
                                      Therefore there is a potential advantage after tax of $1,650


                                    * Personal Income Tax based on 2009/2010 taxation rates including Medicare Levy

                                    ** Superannuation contributions tax at a rate of 15%. The actual rate paid may be lower as administration fees and insurance premiums
                                    are deductible.

                                    The example above is based solely on the information shown and is for illustration purposes only. It is recommended that you discuss with
                                    your employer how entering into a salary sacrifice arrangement will affect the amount of income and superannuation that you receive. You
                                    should also consider consulting an independent qualified financial adviser.




                                        AMIST Super Hotline                                                              www.amist.com.au

                                        1800 808 614                                                                     Locked Bag 5390
                                                                                                                         Parramatta NSW 2124
Issued by Australian Meat Industry Pty Ltd (ABN 25 002 891 919, AFSL 238829, RSE Licence L0000895) as Trustee of the Australian Meat Industry Superannuation Trust
(ABN 28 342 064 803, RSE Registration R1001778). The material provided is for information purposes only and is not intended to be considered as advice. The Trustee has not
taken into account your personal financial circumstances when developing this communication. Before making any decision regarding your superannuation it is recommended that
you seek advice from an independent qualified financial adviser.

				
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