Salary Sacrifice and Franking Credits

[carmo]

If my salary was $60,000 a year, and I my fully franked dividends came to $20,000, and I salary sacrificed $10,000. Am I saving 27% (42%-15%) or am I in fact costing myself, with 30% of the 42% being the franking credit. Leaving 12% compared to 15%.

 

[Judd]

You save 16.5% in tax