1. What is Salary Including Super?

In Australia, total compensation typically includes both salary and superannuation (retirement contributions). This calculator helps determine your total employment cost including the mandatory superannuation contribution.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( \text{Salary} \) — Base annual salary in Australian dollars
• \( \text{Super Rate} \) — Superannuation contribution rate as decimal (e.g. 0.105 for 10.5%)

Explanation: The calculation adds the superannuation contribution to the base salary to show total employment cost.

3. Importance of Superannuation Calculation

Details: Understanding total compensation is crucial for both employers budgeting labor costs and employees comparing job offers. Superannuation is a mandatory retirement contribution in Australia.

4. Using the Calculator

Tips: Enter your base salary in AUD per year and the superannuation rate as a decimal (e.g. 0.105 for the current standard rate of 10.5%). The calculator will show your total compensation package.

5. Frequently Asked Questions (FAQ)

Q1: What is the current superannuation rate in Australia?
A: As of 2024, the standard super guarantee rate is 11% (0.11 in decimal form), having increased from 10.5% in 2023.

Q2: Is superannuation included in my take-home pay?
A: No, super is paid separately by your employer and doesn't affect your taxable income or take-home pay.

Q3: Can I contribute more than the mandatory super?
A: Yes, you can make voluntary contributions (concessional or non-concessional) to your super fund.

Q4: Is super calculated on bonuses or overtime?
A: Yes, super must be paid on ordinary time earnings which generally includes bonuses, overtime, and most allowances.

Q5: When will the super rate increase to 12%?
A: The super guarantee is legislated to reach 12% by July 2025, increasing 0.5% each year from 2021.