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
- The 2016 federal budget introduced some significant changes to
superannuation, most of which commence on 1 July 2017. Some of
these changes may affect the results produced by this calculator,
or may impact on your planning for retirement. This calculator has
not yet been updated for any of the budget changes.
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
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)
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
- 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 contribution 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 ato.gov.au
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
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 deductions.
Last updated: 03 Apr 2017