This calculator shows you the effect of making a contribution to your superannuation fund with before tax salary, to the amount of tax you pay and your take home pay

Note: you can find detailed information about this calculator (assumptions, warning & disclaimers) below.

STEP 1

$

Before tax salary is required

STEP 2

My pay frequency is:

STEP 3

% of my annual salary, and/or $

Salary Sacrifice % must be between 0 and 100

Salary Sacrifice $ must be a whole number

Salary Sacrifice $ must not be greater than salary

Total contribution () takes you above the $25,000 contribution cap. Please enter a lower amount.

Choose either a salary sacrifice % or $ amount

YOUR RESULTS

The columns below show estimated impact on your pay and your super account balance
Without Salary
Sacrifice
Tax paid
Net take home pay
With Salary Sacrifice
 
Salary Sacrifice
Tax paid
Net take home pay
My key results
change to my net take home pay
benefit to my super balance
Note: This tool estimates tax deducted from your pay only, your tax return results may be higher or lower. See the Fact sheet and Assumptions below for more and seek further advice before making a decision.
Change amount Salary Sacrifice Factsheet
  • Assumptions

    Before tax salary: refers to your taxable salary. This usually means your regular gross pay (before any deductions), plus commissions or other allowances that may apply. No allowance has been made for income received from sources other than salary. Such income could affect the results.

    Salary sacrifice contribution amount: It is assumed that you are eligible to contribute to super and that your employer will allow you to make the salary sacrifice contributions you enter.

    This calculator assumes that your contributions have not exceeded the concessional contributions cap. The limit for the 2018/19 year are $25,000 p.a. This calculator does not take into account unused concessional cap carry forward amounts.

    Tax paid: Income tax is calculated on a Pay As You Go (PAYG) withholding basis using 2108/19 Australian Taxation Office formulas and some rounding. Your before tax salary is converted to a weekly equivalent, tax formulas applied, then converted back to an estimated amount of tax payable based on the pay frequency you entered. The tax formulas applied assume you:

    • are an Australian resident;
    • are claiming the tax free threshold;
    • are not claiming any tax offsets (apart from the Low income tax offset where applicable) or an exemption from Medicare levy and;
    • are not repaying Higher Education Loan Program (HELP) or Student Financial Supplement Scheme (SFSS) debts.

    PAYG withholding amounts calculated by your employer may be determined on a different basis and therefore may be higher or lower than that shown in this calculator.

    Impact to my super balance: This net amount is calculated as the pay frequency equivalent of the Salary sacrifice contribution amount entered minus 15% contributions tax plus

    . The Benefit to my super balance amount also does not take into account:

    • subsequent investment returns (positive or negative);
    • fees or charges;
    • any additional tax that may be payable if you (i) have not supplied your Tax File Number, or (ii) exceed your contribution caps or (iii) are subject to the new extra 15% tax on concessional contributions for very high income earners whose combined income and relevant concessionally taxed super contributions exceed $250,000 in a financial year (Division 293 tax); or
    • any tax on withdrawal of your benefits.
    • low income super tax offset  or super co-contribution

    No allowance has been made in this calculation for inflation or other changes in the cost of living.

    For more information please read the Growing My Super Guideand How My Super is Taxed Guideand seek advice before making a decision about the contribution options that might be right for you.

  • Warnings and disclaimer

    1. This calculator is for Defined Contribution members only. It should not be used if you are a member of a Defined Benefit.
    2. It aims to estimate how salary sacrificing to super may or may not impact your super. Results are only estimates and the actual amounts may be higher or lower.
    3. The information and results are provided for educational purpose and are intended as a general guide only.
    4. This calculator is provided by ESI Financial Services Pty Ltd (ABN 93 101 428 782 AFSL 224952) on behalf of Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439 AFSL 336567) which is the Trustee for Energy Super. ESI Financial Services (ESIFS) is a wholly owned subsidiary of Energy Super. ESIFS is licensed to provide financial advice but we are not registered tax agents.
    5. The content is based on ESIFS' understanding of current information and laws as at 1 July 2018.
    6. Superannuation guarantee contributions are payable on salary and wages up to the maximum contributions base, which is $54,030 per quarter for the 2018/19 financial year. However, this calculator does not taken into account the maximum contributions base. Accordingly, the calculator should not be used if you before tax salary is greater than $211,040 in the 2018/19 financial year.

    The calculator is not intended to be your only source of information and before making any financial decisions you should consider:

    • the assumptions used by the calculator
    • whether the information provided is appropriate for you, as it is general in nature and does not take into account your personal objectives, situation, needs or other factors
    • obtaining advice from a licensed financial adviser and a registered tax agent

    By using this calculator you acknowledge that you have read and understand our Privacy Statement and Privacy Policy. Please read these documents for information on how we collect and handle your personal information.

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