Salary Sacrifice Calculator - Super
Compare what salary sacrificing costs your take-home pay against what actually lands in super. The gap is your marginal rate less the 15% contributions tax - but HELP repayments and Division 293 can close it, so it is worth checking rather than assuming.
Your details
Rates and thresholds change every 1 July.
| Salary | $120,000 |
| Sacrificed | $10,000 |
| Taxable income after sacrifice | $110,000 |
| Income tax saved | $3,000 |
| Medicare levy saved | $200 |
| HELP repayment change No HELP debt | $0 |
| Contributions tax in the fund (15%) | − $1,500 |
| Take-home without sacrificing | $91,080 |
| Take-home with sacrificing | $84,280 |
| Your marginal rate Versus 15% inside super | 32.0% |
| Effective return on each sacrificed dollar | 25.0% |
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Frequently asked questions
How much can I sacrifice?
Employer contributions, salary sacrifice and personal deductible contributions share one concessional cap of $30,000. Since a $150,000 salary already generates $18,000 of employer super, the room left is smaller than people expect. Unused cap from the previous five years can be carried forward if your total super balance was under $500,000.
Why does the benefit shrink at high incomes?
Two reasons. Division 293 doubles the contributions tax to 30% once income plus contributions passes $250,000, and the concessional cap limits how much you can put in at all. The advantage is the gap between your marginal rate and the contributions tax, so it narrows from 32 points to 17 points once Division 293 applies.
General advice warning: This calculator provides general information only. It does not take into account your objectives, financial situation or needs, and it is not personal credit or financial advice.
Results are estimates based on the inputs and assumptions shown. Any interest rate used is an example and is not an offer of credit. Speak to a licensed credit representative before acting on these figures.