Contributions at 9.5%
How to calculate superannuation
The easiest way to calculate your Superannuation Guarantee entitlement is to use the calculator below. Remember to enter income before tax – but after you’ve deducted any salary sacrifice amount. Super contributions are usually payable monthly but small employers often contribute quarterly. The funds may take a few days to appear in your super account.
If you earn over $200,000 you’ll need to check with your employer how much superannuation they are paying into your fund, as employers are not obliged to pay the superannuation charge on any salary you earn after the first $206,480.
How much superannuation do I pay/get paid?
Your employer must pay 9.5% of your pre-tax salary into your super fund. For Super Guarantee purposes, your pre-tax salary includes:
- Your regular wage (ordinary time earnings)
- Shift allowances
- Some bonuses
Overtime payments however are usually not included.
The super contributions have to be shown on your pay slip. You can also log on to your super fund’s website to see them or wait for your annual statement.
Contractors and the Super Guarantee
If you’re a contractor paid entirely or principally by one company for your work, then you’re considered an employee for super purposes and, as such, entitled to super guarantee contributions under the same rules as employees.
Super Contribution Calculator
Please note: The answers you get from this tool are based solely on the information you provide. Calculations are only estimates of potential superannuation eligibility and assume no change to hours worked or remuneration received and may not equate with the eligibility period for the calculation of superannuation entitlements. You must check the information you enter is correct, as we will not be held accountable for any incorrect calculations.