Super contributions optimiser
This calculator helps you work out:
- which type of super contribution will give your super the
- how to make super contributions
Note: you can find detailed information
about this calculator (assumptions & disclaimers) and FAQs below.
Estimated time: 5 mins
About this calculator -
disclaimers & assumptions
- The purpose of this calculator is to provide the combination of
contributions you can use to obtain the biggest increase in your
super for a given reduction in your take home pay in the current
financial year based on the information you provided if applied for
the full year.
- The results of this calculator are only applicable to the
current financial year.
- The results produced by this calculator are based on some key
general assumptions which are explained below.
- The results produced by this calculator are inappropriate for
holders of a defined benefit account. If you have a defined benefit
account your contributions that count towards the concessional cap
will be calculated in accordance with a statutory formula that is
not used in this calculator.
- The information and results provided by the calculator take
into account certain information you provide to us, but don't
consider your personal circumstances including your current
lifestyle expenses, other financial commitments like debt or other
needs and objectives. When making any financial decisions you
should take into account your objectives, financial situation or
needs. You should also consider that money invested in super
generally cannot be accessed until you retire.
- As any estimate generated by the calculator is based on
assumptions (default assumptions or assumptions as modified by
you), the estimate may not be accurate for your situation if the
assumptions are or become inaccurate for any reason including as a
result of taxation or other legislative changes.
- The results shown are not guaranteed to occur and should not be
relied upon as a true representation of any actual superannuation
contributions or taxation.
- The calculator should not be relied on for making a decision
about a particular financial product or class of financial product
and is not a substitute for financial advice. You should consider
getting advice from a licensed financial adviser who can work with
you to develop a financial plan specifically tailored to your
objectives, financial situation or needs.
- Because your circumstances or tax and other rules can change,
we recommend you revisit this calculator on a regular basis (for
example, each year).
- The calculations included in the calculator are based on
existing legislation and do not take into account any proposed
Annual income is your annual income from employment before tax,
including any bonus payments and standard member contributions that
are salary sacrificed. It excludes any employer superannuation
contributions and other packaged benefits.
To use the calculator:
- Change the employer contributions to 0%
- Enter all your contributions as additional voluntary
- We assume that your employer contributes 9.5% of your gross
annual salary. You can change this if your employer contributes
more than the minimum.
Before tax (salary sacrifice) contributions
- We adjust these contributions so you don't exceed the
concessional contributions cap (which applies to the total of your
employer and before tax contributions)
- At 1 July 2017, the concessional contribution cap is reset to
$25,000 for all individuals.
After tax contributions
- We adjust these contributions so you don't exceed the annual
non-concessional contributions cap.
- The non-concessional contribution cap is set at 4 times the
- Should your projected total superannuation balance exceed the
current Transfer Balance Cap of $1,600,000, your non-concessional
contributions will be restricted to zero.
- We assume that you qualify for the Government co-contributions
if you are under age 71 and you make after tax contributions
- The total income used to determine if you qualify for any
co-contributions is equal to your annual salary before tax and any
salary sacrificed super contribution
- The calculation allows for the Government low income
superannuation tax offset benefits. Your eligibility for this
payment is based on your annual income, employer contributions and
salary sacrifice contributions.
Tax on super contributions
It is assumed that you have provided your tax file number (TFN)
to your superannuation fund and that, consequently the usual
concessional tax rate of 15% tax is deducted from employer
contributions including before-tax (salary sacrifice)
Where applicable an estimate of the Division 293 additional
contribution tax for those on incomes over the relevant threshold
has been included.
We assume that contributions made to super are limited to your
applicable concessional and non-concessional contribution caps. No
allowance has been made for contributions made over these
contributions caps. No allowance is made for any additional tax
that may be payable on excess contributions as a result. No
allowance is made for any other tax on super.
No allowance has been made for the option to 'bring forward'
non-concessional contributions from either of the following two
financial years (where eligible), nor has any allowance been made
for the use of the 'bring forward' rule in either of the previous
two financial years. For more information on the option to 'bring
forward' non-concessional contributions over a three year period,
refer to the ATO website at ato.gov.au
The total income used by the calculator to estimate the
applicable Division 293 tax is equal to your annual salary before
tax and before any salary sacrifice. Any income from other sources
and other available adjustments are not included in an estimate of
total income. For the full definition of 'income' used by the
Australian Taxation Office (ATO) and other details on Division 293
tax and excess contribution rules, refer to the ATO website at
The tax assumptions used are general in nature only and do not
constitute tax advice. Please see your tax adviser for advice that
is specific to your individual circumstances.
Tax on current income
The calculator works out the income tax payable on the current
income you have entered by applying the current financial year's
personal income tax rates and the Medicare levy where it applies
based on the individual thresholds. The actual Medicare levy may be
different than calculated for members of couples. Any other form of
income you receive has not been taken into account. No allowance
has been made for the Medicare Levy Surcharge. You are assumed to
be an Australian resident for tax purposes.
The Low Income Tax Offset for the current financial year will be
included if you are eligible based on the information you provide.
No allowance has been made for any other tax offsets or
Last updated: 12 Jul 2017