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What is the difference between salary sacrifice and employee after-tax contributions?

April 26, 2017after-tax contributions employee Sacrifice salary

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What is the difference between salary sacrifice and employee after-tax contributions?

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Salary sacrifice means the member chooses to ‘sacrifice’ part of their before-tax (gross) salary as a super contribution. Check out our Salary sacrifice factsheet for more information. After-tax, or voluntary contributions are those made by a member to a super fund from their after tax (net) salary on a regular, or on-off, basis. After tax contributions can also be made directly by members via BPAY, direct debit or cheque. Any voluntary after-tax contributions made by your employees from their pay must be sent to Sunsuper within 28 days of the end of the month in which the money was deducted. If you are going to forward your employees voluntary after-tax contributions, making all your payments to Sunsuper on a monthly basis may suit you best.