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Super contributions comparison calculator

Quick numbers on contributing more to your super. No long questions, no personal advice.

Tell us about yourself

My age is and my yearly Weekly Fortnightly Monthly Yearly income is before tax.My super adds up to about .

Add extra to your super

I want to add Yearly Weekly Fortnightly Monthly Yearly Once off

Three ways to do this

Salary sacrifice

Your employer pays money from your before-tax salary into your super.

Salary sacrifice

What is it?

Money for super is taken out before tax, so you are taxed on a smaller amount. This gives you an immediate tax saving while increasing your super balance.

Quick tax saving

Salary sacrifice is popular because it reduces the tax deducted from your salary straight away.

How it works

Ask your employer to pay extra super from your salary.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 consecutive days in this financial year. If you are working less hours you should talk to your super fund.

Lump sum and claim on tax

Pay a lump sum now, then claim a refund when you put in your tax return.

,XXX
extra at retirement

,XXX
tax saving each year

Lump sum and claim on tax

Pay now claim later

Pay into your super account with BPAY , fill in the ATO form and send it to legalsuper now.

How it works

You pay a lump sum directly into your super account any time before June 30th and claim an income tax deduction in your next tax return.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 consecutive days in this financial year. If you are working less hours you should talk to your super fund.

Lump sum and no tax claim

Pay a lump sum and gain a government co-contribution.

,XXX
extra at retirement

,XXX
co-contribution each year

Lump sum with super co-contribution

Gain a super co-contribution

Pay extra into your super account now and you’re done! The government will add the co-contribution to your super after you submit your tax return. Make sure you don’t claim back tax on what you have added or you won’t receive the co-contribution. Eligibility applies.

How it works

Pay a lump sum directly into your super account any time before June 30th.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 days in this financial year. If you are working less hours you should talk to your super fund.

Salary sacrifice + lump sum and no tax claim

You pay a lump sum to gain the maximum government co-contribution. Plus you salary sacrifice so you receive a tax saving.

,XXX
extra at retirement

,XXX
tax saving each year

,XXX
super co-contribution each year

Salary sacrifice + lump sum with no tax claim

Why combine?

By adding some money before tax and some after tax, you receive both a tax saving and a government co-contribution.

What is salary sacrifice?

Money for super is taken out before tax so you are taxed on a smaller amount. This gives you an immediate tax saving while increasing your super balance. Tell your employer how much extra super to pay from your salary.

How to gain a super co-contribution

Pay a lump sum directly into your super account any time before June 30th.

When you submit your tax return without claiming a tax rebate on your super contribution, the government will add on the co-contribution. Eligibility applies.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 days in this financial year. If you are working less hours you should talk to your super fund.

Lump sum and claim part on tax

Pay a lump sum now and receive a co-contribution on part of it, then claim back tax on the rest.

,XXX
extra at retirement

,XXX
tax saving each year

,XXX
super co-contribution each year

Lump sum and claim part on tax

Gain a super co-contribution and a tax saving

Pay ,XXX extra into your super account now and claim ,XXX in your tax return to reduce your income tax. The government will add the co-contribution to your super after you submit your tax return. Make sure you don’t claim back tax on the full ,XXX or you won’t receive the co-contribution. Eligibility applies.

How it works

Pay a lump sum directly into your super account any time before June 30th.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 days in this financial year. If you are working less hours you should talk to your super fund.

Salary sacrifice plus lump sum

Your employer pays money from your salary before tax until you reach the before-tax contributions cap. Plus you pay a lump sum.

,XXX
extra at retirement

,XXX
tax saving each year

Maximum salary sacrifice + lump sum after tax

Why combine?

You receive a tax saving for your before tax contributions. To stay within the before tax cap limit contribute some money as an after tax contribution.

What is salary sacrifice?

Money for super is taken out before tax so you are taxed on a smaller amount. This gives you an immediate tax saving while increasing your super balance. You tell your employer how much extra super to pay from your salary.

What about after tax contribution?

Just pay a lump sum directly into your super account any time before June 30th.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 days in this financial year. If you are working less hours you should talk to your super fund.

Lump sum and claim part on tax

Pay a lump sum then claim back tax on part to stay within the before-tax contribution cap.

,XXX
extra at retirement

,XXX
tax saving each year

Lump sum and claim part on tax

Pay into your super account with BPAY , fill in the ATO form and send it to legalsuper now so you make the most of the pre-tax contribution cap. The part of your contribution that you claim on tax is treated as a before tax contribution while the part you don’t claim is an after-tax contribution.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 days in this financial year. If you are working less hours you should talk to your super fund.

Include your partner

Put extra money into both your super and your partner's

,XXX
extra at retirement

,XXX
tax saving each year

Include your partner

Even up your balances and avoid the cap

Splitting contributions with your spouse helps even out your super balances and can help you avoid hitting the super balance cap.

How it works

Pay extra super into both your super account and your spouses. You will receive a tax deduction on the money paid into your account and your spouse will receive a deduction on the money paid into his/her account.

What you can do next

Salary sacrifice

You want to add extra per year into your super before tax.

It’s easy...

Just email your employer the text in the link below to pay directly into your legalsuper account.

What you can do next

Lump sum and claim on tax

Pay into your super account with BPAY , fill in the ATO form and send it to legalsuper now. Then claim a tax deduction when you file your next tax return.

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

Lump sum with super co-contribution

Pay into your super account with BPAY, put in your annual tax return without claiming the .

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

Salary sacrifice + lump sum with no tax claim

Add extra per year into your super before tax.

Lump sum

Pay into your super account with BPAY, put in your annual tax return without claiming the and the co-contribution will be added to your super.

It’s easy...

Just send your employer the prefilled email below to pay directly into your legalsuper account.

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

Lump sum and claim part on tax

Pay into your super account with BPAY, fill in the ATO form using ,XXX and send it to legalsuper now. When you put in your annual tax return, only claim ,XXX.

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

Maximum salary sacrifice

First add extra per year into your super before tax.

Lump sum (after tax)

Pay into your super account with BPAY and put in your annual tax return without claiming the .

It’s easy...

Just send your employer the prefilled email below to pay directly into your legalsuper account.

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

Lump sum and claim part on tax

Pay into your super account with BPAY, fill in the ATO form for and send it to legalsuper now. Then claim a tax deduction for when you file your next income tax return.

BPay details

BPay code 29728
Reference

Login for your unique reference or call us on 1800 060 312

What you can do next

You

variable copy goes here

BPay details

BPay code 29728
Reference Call legalsuper for your reference code

Your partner

You pay ,XXX into your partners super account. You pay using after tax money and you get a tax offset. Ask your partner for his/her super account details.

If you are thinking of splitting...

Contribution splitting is usually done after the end of the financial year. This is the form to hand to your fund.

We're here to help. Complete the form below and we will be in touch to discuss your advice options.

You are in the age bracket for transition to retirement (TTR). This goes beyond this calculator so you may wish to talk to us to discuss your options. Complete the form below and we will be in touch shortly.

To add extra to your super you need to pass the government work test by working at least 40 hours in any 30 consecutive days in this financial year. If you are working less hours, complete the form below and we will be in touch to discuss your options.

Just checking you understand that your funds are in super until you retire. If you'd like to discuss further, please complete the form below and we will be in touch shortly.

The government has introduced a lifetime balance cap for super and based on your answers it affects you. If you'd like to discuss further, please complete the form below and we will be in touch shortly.

The government has introduced a lifetime balance cap for super which limits the total that can go into a tax-free super pension to $1.6 million. You could hit the cap in a few years' time. If you'd like to discuss further, please complete the form below and we will be in touch shortly.

The government has introduced a lifetime balance cap for super which limits the total that can go into a tax-free super pension to $1.6 million. We don't see an issue for you now but you might reach the cap in the future so we suggest you redo the calculation here every year before you add extra to your super. If you'd like to discuss further, please complete the form below and we will be in touch shortly.

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We're here to help. Complete the form below and we will be in touch to discuss your advice options.

This calculator is for working people over 16 years old.

This calculator is for working people up to the age of 74.

We have rounded your income down to the maximum value

We have rounded your income up to the minimum value

We have rounded your balance down to the maximum value

We have rounded your balance up to the $1,000 minimum value

Your assumption changes have altered the recommendations. Please select one of these options

Please complete all required fields.

Change assumptions

The results of this calculator are based on the following assumptions. You can adjust these to suit your needs.

Your settings

working
working not working
Good
Good Minor issues Significant issues
No
No Yes
Yes
Yes No

This calculator is for Australian permanent residents

This calculator is for retiring between ages 55 and 75.

No
Yes No
No
Yes No

We have not considered your partner in this advice. If you are interested in a wider partner/family view you should contact us.

Fund settings per year

This calculator is for people who are working. As you are not working, complete the form below and we will be in touch to discuss your options.

Given your health issues, complete the form below and we will be in touch to discuss your options.

Based on your employment structure, complete the form below and we will be in touch to discuss your options.

If you plan to retire in the next couple of years, complete the form below and we will be in touch to discuss your options.

This calculator is for people with accumulation accounts, not defined benefit. Get in touch with us to discuss your options.

First name is required.
Last name required, please enter your last name.
Email is required, please enter a valid email address.
Postcode required for a local planner to contact you.
Please read the privacy statement before sending request.

This calculator does not cover your settings. Please correct the settings or contact us to discuss your options.

Disclaimer

This calculator intends to show the impact that certain choices may have, but it cannot accurately predict your final superannuation balance or retirement income as it does not take into account your personal circumstances.

Results generated by the calculator are applicable for this financial year only and are based on assumptions (default assumptions or assumptions as modified by you). The results generated by the calculator may not be accurate if the assumptions become inaccurate for any reason including as a result of taxation or other legislative changes. We therefore recommend that you revisit this calculator on a regular basis (for example, each year). The results generated by this calculator may also not be accurate if you do not provide accurate information.

The calculator is for accumulation accounts only. It will not work for defined benefit accounts. 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 provided by the calculator is of a general nature only and should not be relied on to make financial decisions. Any results provided by the calculator do not take into account 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 seek professional advice from an appropriately licenced financial adviser who can work with you to develop a financial plan specifically tailored to your objectives, financial situation or needs.

You should also consider that money invested in superannuation generally cannot be accessed until you retire.

This calculator has been developed by Spark Green Financial Pty Ltd trading as Spark Green. Spark Green does not operate under an Australian Financial Services Licence.

Fixed assumptions

The estimates produced by this calculator are based on default assumptions (factors which you may change) and statutory assumptions (rates or amounts fixed by legislation e.g. rates of taxation) which are considered reasonable at the current date based on long-term actuarial modelling. However, actual events can turn out differently. Please note the following:

Statutory rates and rules are current as at 1 July 2019.

Annual income – annual income is your annual income from employment before tax, including any bonus payments and income that is salary sacrificed. It excludes any employer superannuation contributions and other packaged benefits.

Contributions – the calculator cannot take account past contributions and therefore assumes that you will not exceed your concessional or non-concessional contributions caps. This also means that no allowance has been made for the use of the ‘bring forward’ rule for non-concessional contributions.

Working life – the calculator assumes that you will have a continuous working life with no breaks, and you’ll satisfy the work test until you retire.

Employer contributions – the calculator assumes your employer makes contributions once a year at 1 January.

LISTO – the calculator assumes that you are eligible for the government Low Income Superannuation Tax Offset (LISTO) if your income is below the relevant threshold. However, other eligibility criteria apply for the LISTO which the calculator does not consider.

Contributions – the calculator works out whether before or after-tax contributions are better for you based on your income tax rates, contributions caps and whether you may qualify for government contributions. The most advantageous combination may change in the future depending on your situation, so you should review this at least annually.

No breach of balance cap rules – the calculator assumes, when providing estimates, that you will not breach the transfer balance cap rules, which apply a limit to the amount you can transfer into the retirement phase.

Superannuation guarantee – the calculator assumes that where a person enters into a salary sacrifice arrangement, their employer will still make the 9.5% superannuation guarantee payments on their income.

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) contributions. Where applicable an estimate of the Division 293 additional contribution tax for those on incomes over the relevant threshold has been included. The calculator assumes that you will not breach your concessional and non-concessional contributions caps and therefore 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. 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. 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.

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Detailed breakdown for

Current With extra
contribution
You per year per year
Gross salary ,XXX ,XXX
Before tax super contribution ,XXX ,XXX
Taxable income ,XXX ,XXX
Income tax and Medicare ,XXX ,XXX
Take home pay ,XXX ,XXX
Tax offsets (received later) ,XXX ,XXX
After tax super contribution ,XXX ,XXX
Disposable income ,XXX ,XXX
Your super
Employer contributions ,XXX ,XXX
Your super contributions ,XXX ,XXX
Government co-contribution ,XXX ,XXX
Contributions tax after offset ,XXX ,XXX
Net extra into your super ,XXX ,XXX

Email my employer

Copy and paste the below content into an email to send through to your employer.

Licensee privacy

This calculator is licenced from Spark Green Financial Pty Ltd ACN 622 351 839 (Spark Green). Spark Green collects personal information from you so as to deliver to you the results generated by the calculator. For queries or information on how Spark Green manages your personal information, see the Spark Green privacy policy.