How much tax should I pay?
Use the tax calculator to work out the income tax you'd pay and then calculate your saving after factoring in deductions such as salary sacrificing. See how much you could save! Remember your employer must have your Tax File Number (TFN) or you could pay extra.
The simple calculator is up to date with changes that apply from July 1st 2017.
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.