Australian Catholic Superannuation - Salary Sacrifice Calculator

This calculator will help you to see:

the effect on your take home pay if you make salary sacrifice (before-tax) contributions or after-tax contributions to super
how much you are contributing to super (after contributions tax is deducted)
what steps you can take to make the right contributions to super.

How to use this calculator

Enter your financial details in the 'Details' area.
Go to the 'Results' area to see the comparison between making salary sacrifice (before-tax) and after-tax contributions.
Go to 'Next steps' for what to do to make or change your contributions to super.

Enter details

Results

Next steps

Your Financial Details

Gross income $

per

Your contributions

Percentage of salary %

Dollar amount $

per

Employer Superannuation Guarantee (SG) contributions

% You can increase the SG rate from 10% if other Enterprise Bargaining incentives are available to you.

Enter details

Results

Next steps

Annual Salary and Tax Details	After-tax contributions	Salary sacrifice before-tax contributions
Gross income
Salary sacrifice contributions
Taxable income
PAYG tax
After-tax contributions
Annual take home pay
take home pay

Super Contributions	After-tax contributions	Salary sacrifice before-tax contributions
Employer Superannuation Guarantee contributions
Salary sacrifice contributions
Contributions tax
After-tax contributions
Government co-contribution
Low income superannuation tax offsets
Net super contributions
Total take home pay and net super contributions
Further tax may be payable when you leave a superannuation fund.

If you wish to change your salary sacrifice contributions to super, click the 'Back' button to return to Step 1 where you can enter new details.

Enter details

Results

Next steps

So what will you do now?

Salary sacrifice is one of many strategies that are available to maximise your income in retirement.

If you wish to make a change to your current levels of salary sacrifice, you will need to arrange this with your employer and they will make the necessary adjustments to your pay.

Salary sacrificing may not be suitable for everyone and we recommend that you seek professional advice before making a decision affecting your financial situation. Contact us to find out about the financial planning services offered by Australian Catholic Superannuation.

Australian Catholic Superannuation offers a financial advice service at no additional cost to help you assess the level of salary sacrifice appropriate to your circumstances. To find out about this and our other comprehensive financial advice service please contact Australian Catholic Superannuation.

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This feature will send you an email with a link back to the calculator that will be pre-populated with the information you have entered. The information is not stored in our systems and can only pre-populate your information if you re-enter the passcode you enter below when you return to the calculator. Please remember this passcode as the pre-population will not work without it.

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Email us

fundoffice@catholicsuper.com.au

Our Member Services team will respond within three working days.

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Assumptions
1.	Income tax is calculated using the personal income tax rates and bands plus Medicare levy effective from 1 July 2021. The PAYG tax calculation takes into account the Low Middle Income Tax Offset effective 1 July 2021. The Medicare levy rate used does not take into account low income for families. The Medicare levy surcharge has not been included in this calculator.
2.	The calculator only considers your annual, monthly, weekly or fortnightly salary. Any income you may have received from other sources has been ignored.
3.	No allowance has been made for taxes (including tax that applies to the payment of superannuation and retirement income benefits), with the exception of personal income tax and contributions tax. If any other taxes apply, the results will be incorrect and you should disregard them.
4.	The Superannuation Guarantee (SG) contribution amount of 10% is calculated on the gross income amount entered only. No allowance has been made for the maximum contribution base ($58,920 per quarter for the 21/22 financial year).
5.	The co-contribution rate is current from 1 July 2021. This has been based on the gross salary and after-tax contributions that have been entered into the calculator and no reportable fringe benefits.
6.	Low Income Superannuation Tax Offset has been allowed for in this calculator.
7.	Concessional contributions (employer contributions including SG and salary sacrifice contributions) are capped at a maximum of $27,500 pa and are subject to contributions tax of 15%.
8.	Since comparatives are based on the same contribution, the after-tax contribution cap is limited to the concessional contributions cap.
9.	You are greater than 18 years of age. Your maximum age this financial year is 100.
10.	No allowance has been made for spouse contributions.
11.	No allowance has been made in this calculation for inflation or other changes in the cost of living.
12.	No allowance has been made for personal tax deductions that may be available to you. From 1 July 2021 all personal contributions made to superannuation are tax deductible.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.

Disclaimer

This Salary Sacrifice Calculator is a model designed to help you understand how changes to your salary sacrifice and after-tax contributions rates can impact your take home pay. This Salary Sacrifice Calculator does not make predictions and the actual outcomes are not guaranteed in any way. The Salary Sacrifice Calculator is based on our understanding of Australian tax, social security and superannuation laws as at July 2021. This Salary Sacrifice Calculator does not take into account all your individual investment objectives, existing financial situation or particular needs, nor does it help you to select financial products or strategies that suit your needs and your preferences. The tool should not be relied on to alter your current financial situation and is not intended to be relied on for the purposes of making a financial decision or a decision in relation to a financial product. You need to take into account your own personal objectives, financial situation and needs and consider the Product Disclosure Statements and Target Market Determination for any product you are considering. A Benefit Projection Calculator is not a substitute for financial advice. We recommend you consider obtaining advice from a licensed Financial Adviser before taking any action. You should also obtain and consider the relevant Financial Services Guide, Product Disclosure Statements and Target Market Determination before making any financial decision in relation to a product.

All contents are (c) Copyright 2021, All Rights Reserved.

SCS Super Pty Ltd (AFSL 230544 / RSE L0002264 / RSE R1055436) issues membership in the Australian Catholic Superannuation & Retirement Fund. This website does not take into account your objectives, financial situation or needs. Accordingly, before making any decision about the Australian Catholic Superannuation & Retirement Fund, you should consider: the appropriateness of the information having regard to those things; our Financial Services Guide, Product Disclosure Statements; and Target Market Determinations; and consulting your financial adviser.

This calculator will help you to see:

How to use this calculator

Your Financial Details

So what will you do now?

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