Superannuation Calculator

The superannuation guarantee rate for 2025-26 is 11.5%. This will increase to 12% from 1 July 2026.

Usually yes - most employment contracts quote salary "plus super". However, some contracts include super in the total package. Check your contract to see if your salary is "inclusive" or "exclusive" of super.

Based on ASFA benchmarks, you should aim for around $75,000-$90,000 in super by age 30 to be on track for a comfortable retirement. The median Australian has around $45,000 at this age.

For 2025-26, the concessional (before-tax) contribution cap is $30,000 per year. Non-concessional (after-tax) contributions are capped at $120,000 per year.

Salary sacrifice can be beneficial because super contributions are taxed at 15%, which is lower than most marginal tax rates. However, you can't access the money until retirement age, so consider your financial situation.

Division 293 is an additional 15% tax on super contributions for high-income earners. It applies if your income plus concessional super contributions exceeds $250,000. This brings the effective super tax rate to 30% for the portion above the threshold.

Generally, you can access your super when you reach your preservation age (between 55-60 depending on birth year) and retire. Other conditions of release include reaching age 65, severe financial hardship, compassionate grounds, or terminal illness.

Your super stays in your existing fund unless you choose to consolidate it. You can have multiple super accounts, but this means paying multiple sets of fees. Use the ATO's online services to find and consolidate lost super accounts.

Super contributions are taxed at 15% (or 30% for high earners via Division 293). Investment earnings in super are taxed at 15%. Withdrawals after age 60 are generally tax-free.

It depends on your working arrangement. If you're paid mainly for your labour under a contract principally for labour, you may be entitled to super even as a contractor. As a sole trader, you can make voluntary contributions to your own super fund.