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Superannuation contribution calculator

Check your concessional cap headroom and see how much tax salary sacrificing actually saves you.

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Net tax benefit

$1,700

Take-home pay reduction: $6,800

Concessional cap used$24,400 / $30,000
Employer SG contribution
$14,400
Income tax saved
$3,200
Contributions tax
$1,500
Cap headroom
$5,600
  1. 1

    Estimated employer Super Guarantee contribution

    12.0% of gross annual income.

    $14,400.00

  2. 2

    Concessional cap headroom

    $5,600 of room left under the $30,000 concessional cap.

    $5,600.00

  3. 3

    Calculated income tax saved from salary sacrificing

    Reducing taxable income from $120,000 to $110,000.

    $3,200.00

  4. 4

    Applied contributions tax inside the fund

    Taxed at 15% on the salary-sacrificed amount.

    $1,500.00

  5. 5

    Net tax benefit of salary sacrificing

    Income tax saved, minus the contributions tax paid inside the fund.

    $1,700.00

Spotted something wrong with this calculator?

Assumptions

  • Employer SG contribution is estimated as 12.0% of gross annual income (ordinary time earnings) — actual OTE may differ from gross salary.
  • Division 293 income is approximated as taxable income after sacrifice plus total concessional contributions — reportable fringe benefits and net investment losses aren't modelled.
  • If Division 293 applies, this calculator applies the combined 30% rate to the entire salary-sacrificed amount as a simplification, rather than only the portion of contributions above the threshold.
  • Assumes the full salary sacrifice amount is contributed for the full financial year, and that gross annual income is unaffected by the sacrifice other than the reduction modelled here.

Note

These figures are estimates only, based on the assumptions above. They do not constitute financial, tax, or accounting advice. Please consult a registered tax agent or accountant before making any decisions. We accept no liability for any loss arising from reliance on this calculator.