Instructions

1 Enter your annual gross salary (ie before PAYG tax is taken off).
2 Enter the amount of contribution you would make if you were contributing from your after-tax salary. (Note:For those members over 50, the concessional contributions cap is $50,000. For under 50, the concessional contribution cap is $25,000. This is linked to average weekly ordinary time earnings and increases in increments of $5,000 each year.)
3

Look for the amounts shown at Total net pay plus super contributions.

  • If the left-hand (after-tax arrangement) column has the highest amount, you may be better off contributing from your after-tax pay (note that this column will assume a Government co-contribution based on the salary and after-tax contribution you input).
  • If the right-hand (salary sacrifice arrangement) column has the highest amount, this may be the better way for you to contribute.

 

 

 

 

 

Assumptions

This calculator assumes that:

  • your employer is making SG (9%) contributions on your behalf
  • the trustee has been provided with your tax file number
  • if you are over 65, you satisfy the work test for making contributions.


This calculator:

  • uses PAYG tax brackets and co-contribution thresholds as at 1 July 2010.
  • limits non-concessional contributions to $150,000 pa
  • calculates tax on concessional contributions at:
  • (under age 50): 15% tax on the contribution
  • (age 50 or over): 15% tax on the contribution.


This calculator does not allow for:

  • Medicare rebate for incomes below $14,000 per annum
  • the maximum superannuation salary for SG purposes.