Does anybody know how tax works for this? I understand that there is a 15 percent tax on salary sacrificed super (up to the eligible threshold).
However, what I am unsure of is how/when this tax is taken out? Is it transferred to our super account and then taken out of the super account as (15%) tax? Is it taken out of our pay before the transfer to our super account? Or is it something retrospectively managed by the ATO when we do our tax return?
I am really unsure, but I want to be careful in case it is the last one.