Super contributions calculator
How to calculate extra and additional contributions to your super
Use our super contributions calculator to quickly estimate the impact of additional contributions to your super and understand potential tax savings.
If you earn less than $60,400 for the 2024-25 financial year, you may be eligible for Government incentives. This means you could receive up to a maximum of $500 into your super from the Government per year - which could make a real difference to your retirement lifestyle. You can boost your super by adding extra contributions, from income or funds you've already paid tax on. Since you've already paid tax, you won't pay any extra. You can make additional contributions to your super from income or funds you've already paid tax on and claim a tax deduction. This means you'll only pay 15% tax on contributions into your super account if your income is under $250,000, or 30% if your income is over $250,000 instead of up to 47% including Medicare*. If you're earning a wage, and find that you're not using up all your take-home pay each month, you can grow your super savings, while reducing your taxable income across the financial year. Salary sacrifice is easy to organise, so you can set and forget. If you change your mind, simply ask your employer to make the change. It's that simple.
What are the benefits of making additional super contributions?
You can make a huge difference to your super balance in retirement by making additional contributions to your super. Making additional super contributions means you may be able to reduce your tax whilst simultaneously growing your retirement savings.
These contributions are made on top of the superannuation guarantee (SG) payments your employer makes to your super account. You can also make additional contributions if you’re self-employed.
Our super contributions calculator possible combinations of contributions for you based on the information you provide.
Understanding tax on additional super contributions
Additional contributions can be made before or after-tax. The type of contribution best for you will depend on your circumstances.
Before-tax contributions, such as salary sacrifice, are taxed within your super account rather than on your pay. As the tax paid within super is lower than the marginal tax rate most Australians pay, making additional contributions might increase the amount of money you have invested and could even reduce the tax you might have otherwise paid.
After-tax super contributions are made to your super account (or your spouse's) from income or funds you've already paid tax on. The amount you contribute is still fully invested in super, so the whole amount benefits from compound interest. Once in your super fund, earnings on these contributions are generally taxed at a concessional rate.
Learn more about contributions