Salary Sacrifice IP Loan Interest

[murtagh]

Hi,

I'm wondering if I'm missing something about salary sacrificing IP loans interest - my employer offers this, but it seemed at first glance to not give me anything.

Then I found this thread:
http://somersoft.com/forums/showthread.php?t=34893

Where it was pointed out that the sacrificed amount would come from my total package, then super would be deducted leaving my taxable income.

So I would get 9% of the salary sacrificed amount back as taxable income (and then be taxed on it!), instead of it going to super.

Is that about right?
Any other wins/losses from salary sacrificing my IP loans?

 

[Rolf Latham]

Id take a punt that you work for a certain bank

Very few organisations bother with the paperwork to sal sac

if you have a high income and dont like super ( SMSF or employer) then this can be a good strategy to get more cash into property


ta
rolf