Salary sacrifice calculator
Money sent to super is taxed at 15% instead of your marginal rate. The trade is that you cannot get at it until you retire, and your take-home pay drops today.
Enter your salary and how much you want to sacrifice each year.
Where the sacrificed money ends up
- Take-home pay drop
$6,800$6,800 - Contributions tax
$1,500$1,500 - Take-home pay
$77,480$77,480
Against taking it as pay
Try a scenario
How this is calculated
Super rules move most years. Here is what this calculator holds fixed.
- Contributions tax
- 15% on concessional contributions, plus another 15% under Division 293 above $250,000 of income.
- Super guarantee
- 12% of salary, calculated on your pre-sacrifice salary, and counted towards the concessional cap.
- Concessional cap
- $30,000 a year. Carry-forward unused cap is not modelled. Verify the cap each July, it is indexed and moves.
- The comparison
- Taking the money as pay is shown after income tax and the Medicare levy at your marginal rate. It assumes you invest it rather than spend it, and ignores tax on any future earnings in either place.
- Income tax
- function(){throw Error("Attempted to call TAX_YEAR() from the server but TAX_YEAR is on the client. It's not possible to invoke a client function from the server, it can only be rendered as a Component or passed to props of a Client Component.")} resident rates plus the 2% Medicare levy, applied across the full brackets rather than a single flat rate. Offsets and HELP repayments are not applied.
This calculator is for general information only and is not financial or tax advice. It does not account for your total super balance, carry-forward cap space, existing salary packaging arrangements, or fund fees and insurance premiums. Super is preserved until you meet a condition of release.
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