Contribution calculator

Would you like to complete a contribution form?

Will you do this through your employer? click here

Or by cheque or EFT? click here

This calculator generates factual information illustrating the effect of salary sacrifice and Government contributions on take home pay and superannuation contributions based on certain assumptions. It is intended for educational and information purposes only and does not constitute a recommendation or statement of opinion about super contributions. For this reason you should not make any decision on the information provided without first consulting a licensed, or appropriately authorised, financial adviser.

This calculator looks at the potential effect of any additional contributions you are thinking of making in the future, whether from after tax income or from salary sacrifice contributions. It assumes that you have not made any contributions from after tax salary or any salary sacrifice contributions in the current financial year.

Importantly, this calculator is for the 2018/2019 year only. It allows for the Federal Budget tax cut that came into effect 1 July 2018, but does not consider any new or existing income tax offsets.

A basic assumption of the calculator is that you have supplied your Tax File Number to your superannuation fund. If this is the case, please confirm the following statement (the calculator will not proceed, otherwise):

Please confirm

To the best of my knowledge and belief no contributions will be paid to my superannuation fund until I have provided my Tax File Number.

There are significant taxation penalties if your contributions to superannuation exceed certain limits. In broad terms these limits for the 2018/2019 financial year are:

  • The limit for before-tax (concessional) contributions, including employer, salary sacrifice and personal deductible contributions is $25,000.

  • The limit for after-tax (non-concessional) contributions is $100,000. People under age 65 can make up to $300,000 after-tax (non-concessional) contributions in one year (but the after-tax contributions are limited in the next two years so that no more than $300,000 has been contributed over the three years) unless they have exceeded the $100,000 limit in either of the previous two years.

  • Under new rules, in any year you won't be able to make any after-tax (non-concessional) contributions if your total super balance as at 30 June the previous year exceeded the transfer balance cap (currently $1.6 million).

This calculator assumes that you have not exceeded these limits. In some instances the calculator will prompt you or constrain you about your input contribution levels, but the responsibility to not exceed the limit is yours.

Enter your details below to see the impact of salary sacrifice and Government contributions on your take home pay and super contributions.
Gross salary or wages($):

Enter (key in) the amount of money you expect to be paid to you as an employee working for your employer before any tax or salary sacrifice contributions are taken out.
Other assessable income*($):

Enter (key in) any other assessable income (as an annualised figure) you expect to earn this year.
Total annual assessable income* plus reportable fringe benefits#($):

Enter (key in) the amount you inputted for "Gross salary or wages" (as an annualised figure) plus "Other assessable income" plus your expected reportable fringe benefits amount.

The Calculator will use this amount to work out Government co-contributions (if any).

If you do not enter a figure here, the Calculator will use the amount you entered in "Gross salary or wages" plus "Other assessable income".
Total annual adjusted taxable income^($):

Do you want the calculator to assume that your total annual adjusted taxable income is $37,000 or less?

The calculator will use this to determine eligibility for the Government low income superannuation tax offset (if any).
Yes No
Personal contributions:  
  Enter (key in) the amount of contributions you are thinking about making to your super (the calculator will show the impact if this is paid from after tax income as well as the impact of it being paid from pre-tax income)  
  Percentage of gross salary
or $ amount  per 
Results given in amounts per:  
  The results will be shown as annual figures. If you would like to see the weekly, fortnightly or monthly figures please select using the box
*What is assessable income?
Assessable income is income that can be taxed by the Australian Taxation Office. It includes, for example, salary and wages, interest from bank accounts, dividends and income from investments, bonuses and overtime, commissions from sales, and pensions. This amount will generally be the amount you write at total income or loss on your tax return for individuals non business.

#What are reportable fringe benefits?
A fringe benefit is a benefit provided to you (or say your spouse or children) because of your employment. A benefit could be:
  • the use of something, for example, a car, house or equipment
  • ownership of something, for example, items of clothing, or
  • enjoyment of a privilege or facility, eg when you are provided with a cheap loan, free private health insurance or enter into a salary sacrifice arrangement.
If the value of certain fringe benefits provided exceeds $2,000 in a fringe benefits tax year (1 April to 31 March), your employer must record the grossed-up taxable value of those benefits on your payment summary for the corresponding income year (1 July to 30 June).

As you do not pay income tax on fringe benefits, the grossed-up taxable value of a benefit reflects the gross salary that you would have to earn to purchase the benefit from after-tax dollars (assuming you would be taxed at the highest marginal rate plus 2.0% medicare levy).

^What is adjusted taxable income?
Adjusted taxable income includes:
  • Taxable Income (i.e. assessable income less allowable deductions); plus
  • Adjusted Fringe Benefits Total (i.e. reportable fringe benefits / 0.51); plus
  • Target Foreign Income; plus
  • Total net investment loss; plus
  • Any tax free pension or benefit (this includes certain Social Security and other Government benefits and does not include superannuation pensions or benefits); plus
  • Reportable superannuation contributions (i.e. Reportable Employer Superannuation Contributions plus deductible personal contributions); less
  • Deductible child maintenance for the year.