Salary sacrifice calculator
By salary sacrificing, you could reduce your taxable income, and power up your retirement. You can also pay direct into your super and enjoy the same low tax rate by claiming a deduction in your annual tax return.
Try our tax calculator now, to see how you could turn a little into a lot.
Ready to start to salary sacrifice?
Just send your employer an email.
Suggested email text:
Re: Salary Sacrifice
Please deduct $XXX per month from my salary and send it to the same super fund as my super guarantee contributions.
Please also confirm this does not affect the employer super guarantee dollars that you are currently sending to the fund.
Purpose and assumptions
This calculator generates information about how your taxable income and retirement outcome are influenced by salary sacrifice. This is based on certain assumptions.
Your taxable income and retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account.
Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually and your investment returns being credited to your account annually.
This is a Model, not a Prediction
The tool is not intended to be relied upon for the purposes of making a financial decision. Consider a fund’s product disclosure statement (PDS) and your objectives, financial situation and needs, which are not accounted for in this information, before making an investment decision.
You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.