Superannuation Calculator (Australia)

It applies the current 12% Superannuation Guarantee rate and 15% contributions tax to model employer and voluntary contributions compounding over time. It doesn't apply personalised tax treatment or fund-specific rules, so review the results alongside your super fund details and current regulations.

Concessional (pre-tax) contributions — the Superannuation Guarantee and salary sacrifice — are taxed at 15% on entry to the fund. On a $10,000 employer contribution, $1,500 is contributions tax and $8,500 is actually invested. This calculator shows the net figure, which is why the projected balance is lower than gross contributions multiplied by the years.

Preservation age is 60 for anyone retiring today, and super becomes accessible at 65 regardless of whether you have retired. That is separate from the Age Pension qualifying age of 67 — the two are commonly confused, and the gap matters if you plan to stop work before pension age.

No. Administration fees, investment fees and any insurance premiums deducted inside the fund are not modelled, and they compound against you in the same way returns compound for you. Over a full working life a difference of one percentage point in fees can reduce a final balance substantially, so compare your fund's actual fee disclosure against this projection.

Contributions above the annual concessional cap are taxed at your marginal rate rather than 15%, which removes the tax advantage. High earners may also pay Division 293 tax, an extra 15% on concessional contributions once income passes $250,000. This calculator does not enforce the cap — confirm the current cap with the ATO before making large voluntary contributions.