Salary sacrifice calculator
What does this calculator do?
This calculator helps you see how much you can save by salary sacrificing your superannuation contributions.
Enter your salary and contribution details and click 'Next' to see how much you could save.
Many people choose to reinvest the saving they receive. To see the effect of doing this, use the 'match net pay' button. This will automatically work out how much you can salary sacrifice while maintaining the same take home pay. You can also adjust your investment using the +/- buttons to see the effect on your take home pay.
Contribution amounts you put in this calculator are concessional (before-tax) contributions.
Notes:
This salary sacrifice calculator has been prepared for general information purposes only. The calculator is based on current tax rates and our interpretation of tax laws as at 1 July 2008. It uses the PAYG withholding tax fortnightly coefficients to calculate the tax payable. This may differ from your final tax liability for the financial year.
Accumulation account members need to be aware of the 15% contributions tax, which applies to salary sacrifice contributions as they are paid into superannuation. The contributions tax is not included in the above calculation and therefore less money than indicated would actually accumulate in your account. However, you can increase your superannuation benefits by making additional voluntary contributions. For Defined benefit members, the calculator automatically 'grosses up' contributions by 15% to cover this tax and ensure your multiple continues to accrue at the same rate as it would if you weren't salary sacrificing.
This calculator does not replace personal financial advice and you should seek specific professional advice prior to acting on any information. QSuper also recommends you read our disclaimer.