Salary Sacrifice

Our 'Salary sacrifice calculator' helps you to compare the effect on take home pay and super contributions by making personal super contributions using two different methods, ie as a salary sacrifice contribution or as an after-tax contribution.

Assumptions and Disclaimer
Default assumptions

This calculator is based on our current understanding of Australian tax and superannuation laws as at July 2019. The assumptions contained in, and the results obtained from, this calculator are believed to be accurate and are made in good faith. However, to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon any part of the information obtained by using this calculator.

All contents are (c) Copyright 2019, All Rights Reserved.

1.Income tax is calculated using the personal income tax rates and bands plus Medicare levy effective from 1 July 2019. The PAYG tax calculation takes into account the Low Income Tax Offset (LITO) and the Low and Middle Income Tax Offset (LMITO) effective 1 July 2019. The Medicare levy rate used does not take into account low income for families. The Medicare levy surcharge has not been included in this calculator.
2.The calculator only considers your annual, monthly, weekly or fortnightly salary. Any income you may have received from other sources has been ignored.
3.No allowance has been made for taxes (including tax that applies to the payment of superannuation and retirement income benefits), with the exception of personal income tax and contributions tax. If any other taxes apply, the results will be incorrect and you should disregard them.
4.The Superannuation Guarantee (SG) contribution amount of 9.5% is calculated on the gross income amount entered only. No allowance has been made for the maximum contribution base ($55,270 per quarter for the 19/20 financial year).
5.The co-contribution rate is current from 1 July 2019. This has been based on the gross salary and after-tax contributions that have been entered into the calculator and no reportable fringe benefits.
6.Low income super contribution has been allowed for in this calculator.
7.Concessional contributions (employer contributions including SG and salary sacrifice contributions) are capped at a maximum of $25,000 pa and are subject to contributions tax of 15%.
8.Since comparatives are based on the same contribution, the after-tax contribution cap is limited to the concessional contributions cap.
9.You are greater than 18 years of age.
10.No allowance has been made for spouse contributions.
11.No allowance has been made in this calculation for inflation or other changes in the cost of living.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.