FHBS - What if my salary sacrifice is less than $15,000 before hitting the $27,500 cap?

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My employer will pay 11% of my salary toward super which equals $14,369.37/year. That leaves only $13,130.63 in potential salary sacrifice before reaching the $27,500 annual cap.

If I wanted to use that salary sacrifice money for a first home, the maximum is $15,000 per year with a cap of $50,000 in total. Does that mean I can only use $13,130.63 per year? Meaning reaching that $50,000 cap would take longer than somebody who earned less but could use $15,000 per year?

Hoping somebody can please let me know 😅

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Posted: 1 year ago
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