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Salary Sacrifice Calculator


This calculator has been devised for information purposes only. Before acting on the results, it is important that, if required, you seek professional advice from a licensed financial adviser. The calculator is based on current tax rates and our interpretation of tax laws at 1 July 2008, and assumes a Medicare levy of 1.5% on taxable income.

From 1 July 2007 the Australian Government has imposed caps on the amount of salary that can be sacrificed to superannuation. Please refer to the salary sacrifice information brochure on this website for further information.

The Northern Territory Government and the Northern Territory Superannuation Office do not guarantee that the information is accurate, up-to-date or complete, and disclaims liability for all claims, losses, damages, costs or expenses which arise as a result of reliance upon the information.

box = Required Fields. Please fill these out and then click 'Calculate'.

Note: Do not use commas or spaces in the figures.

Annually

Gross Before-Tax Salary

$

Proposed Salary Sacrifice Contributions

$

Net Salary Sacrifice Contributions*

$

Scheme Membership

$

Standard Employee Contributions per Fortnight

$

$


* after deduction of 15% superannuation contributions tax


Results

The following calculations show the difference in making pre tax salary sacrifice contributions against after tax voluntary contributions.

 

With Salary Sacrifice

 

Without Salary Sacrifice

Current Before Tax Salary

$

$

Salary Sacrifice Contributions

$

Taxable Income

$

$

Tax Payable

$

$

Standard Contributions

$

$

Voluntary Contributions

$

Net Take Home Pay

$

$

Difference in take home pay resulting from salary sacrificing instead of after tax voluntary contributions

$