Australia Superannuation Tax Calculator 2024-25
Calculate employer super contributions, salary sacrifice tax savings and Division 293 tax for high earners. Includes concessional contribution cap analysis for 2024-25.
A$
Ordinary Time Earnings β base for SG calculation A$
Extra pre-tax super contributions (voluntary) A$
Self-employed or employee personal deductible contributions A$0
Take-Home Pay (After Tax + SS)
A$0
Employer SG (11.5%)
A$0
Contributions Tax (15%)
A$0
Division 293 Tax
Super & Tax Breakdown
How to Use This Superannuation Tax Calculator
Enter your gross annual salary and select the current SG rate. Add any additional salary sacrifice amounts to see the tax saving from shifting pre-tax salary into super. The calculator checks whether you exceed the $30,000 concessional cap and calculates Division 293 tax for incomes above $250,000.
The Formula
Employer SG = OTE Γ SG Rate (11.5% for 2024-25)
Total Concessional = Employer SG + Salary Sacrifice + Personal Deductible
Contributions Tax = Total Concessional Γ 15% (or 30% if Div. 293 applies)
Div. 293 Threshold = $250,000 (income + concessional contributions)
Div. 293 Tax = Min(excess above $250K, concessional contributions) Γ 15%
Taxable Income = Salary β Salary Sacrifice β Personal Deductible
Income Tax = Apply 2024-25 marginal rates
Take-Home = Taxable Income β Income Tax β Medicare Levy
Total Concessional = Employer SG + Salary Sacrifice + Personal Deductible
Contributions Tax = Total Concessional Γ 15% (or 30% if Div. 293 applies)
Div. 293 Threshold = $250,000 (income + concessional contributions)
Div. 293 Tax = Min(excess above $250K, concessional contributions) Γ 15%
Taxable Income = Salary β Salary Sacrifice β Personal Deductible
Income Tax = Apply 2024-25 marginal rates
Take-Home = Taxable Income β Income Tax β Medicare Levy
Example
Emma, A$120,000 salary, $10,000 salary sacrifice, 2024-25:
Employer SG: $120,000 Γ 11.5% = $13,800
Total concessional: $13,800 + $10,000 = $23,800 (under $30,000 cap)
Contributions tax: $23,800 Γ 15% = $3,570
Taxable income: $120,000 β $10,000 = $110,000
Income tax + Medicare: ~$30,547
Tax saving from salary sacrifice: ~$1,750
Net super (after contributions tax): $20,230 added this year
Employer SG: $120,000 Γ 11.5% = $13,800
Total concessional: $13,800 + $10,000 = $23,800 (under $30,000 cap)
Contributions tax: $23,800 Γ 15% = $3,570
Taxable income: $120,000 β $10,000 = $110,000
Income tax + Medicare: ~$30,547
Tax saving from salary sacrifice: ~$1,750
Net super (after contributions tax): $20,230 added this year
Extended
Salary Sacrifice Optimiser
Find your optimal salary sacrifice amount to maximise tax savings up to the concessional cap
Find the optimal salary sacrifice to maximise your after-tax income while maximising tax-advantaged super contributions.
| Salary Sacrifice | Total Concessional | Take-Home | Super Net (After Tax) | Annual Tax Saving |
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Frequently Asked Questions
What is the Superannuation Guarantee (SG) rate for 2024-25?
The Superannuation Guarantee rate is 11.5% for 2024-25 (the year from 1 July 2024 to 30 June 2025). It rises to 12% from 1 July 2025. Employers must pay SG contributions on top of your ordinary time earnings (OTE) β it is in addition to your salary, not taken from it (unless you have a salary-inclusive arrangement).
What tax rate applies to concessional super contributions?
Concessional (before-tax) contributions including employer SG, salary sacrifice and personal deductible contributions are taxed at 15% inside the super fund. This is beneficial for most workers, as their marginal tax rate outside super is higher. High-income earners (income + concessional contributions above $250,000) pay an additional 15% Division 293 tax on the excess, effectively paying 30% total on those contributions.
What are the concessional and non-concessional contribution caps?
For 2024-25, the concessional contribution cap is $30,000 per year. This includes employer SG and salary sacrifice. The non-concessional (after-tax) cap is $120,000 per year, with a bring-forward rule allowing up to $360,000 over 3 years (if under age 75 with super balance under $1.9 million). Exceeding these caps results in excess contributions tax.
What is salary sacrifice and how does it benefit me?
Salary sacrifice (or salary packaging) is an arrangement where you direct some of your pre-tax salary into super instead of receiving it as taxable income. You pay 15% super contributions tax instead of your marginal income tax rate (up to 47%). For a person on the 32.5% marginal rate, salary sacrificing $10,000 saves approximately $1,750 in tax ($3,250 marginal rate β $1,500 contributions tax). Salary sacrifice counts toward your $30,000 concessional cap.
When can I access my superannuation?
You can access your super when you reach your preservation age AND retire, or at age 65 regardless of employment status. The preservation age is 60 for anyone born after 30 June 1964. From age 60, super withdrawals are tax-free if from a taxed source. Before age 60 but after preservation age, some taxes may apply. Early access is only allowed in very limited circumstances such as severe financial hardship or terminal illness.