Salary sacrifice calculator
Compare your take-home pay and super with and without salary sacrifice.
You’re better off by$1,700a year, counting your take-home pay and super together
| Take-home pay goes down by | $6,800 ($262 a fortnight) |
| Super goes up by | $8,500 after 15% contributions tax |
| Take-home pay after sacrifice | $70,680 |
| Total concessional contributions | $22,000 of the $32,500 cap |
Super guarantee (12%) is worked out on your salary before sacrifice. Money in super is generally locked away until you retire.
Good to know
Salary sacrifice means some of your pre-tax pay goes into super instead of your bank account. Super contributions are taxed at 15% in the fund instead of at your marginal rate, so most people earning over about $45,000 come out ahead overall.
Employer super guarantee and salary sacrifice both count towards the concessional contributions cap. Going over the cap means the extra is taxed at your marginal rate.
Money in super is preserved until you reach preservation age and retire, so only sacrifice what you won’t need before then.