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Workers in Australia are able to make extra personal contributions to their superannuation fund account. A worker can agree with their employer for superannuation payments

Workers in Australia are able to make extra personal contributions to their superannuation fund account. A worker can agree with their employer for superannuation payments to be made on their behalf by way of salary sacrifice. A worker can also make their own after-tax contributions to their superannuation fund account.

Explain the following:

  1. Salary sacrificing superannuation payments, and
  2. Personal after-tax contributions to a superannuation fund.

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