1. What is the Salary And Super Calculator?

The Salary And Super Calculator helps Australian employees and employers calculate total compensation including superannuation (retirement savings) contributions based on salary and super rate.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Salary \) — Base annual salary in Australian dollars
• \( Super\ Rate \) — Superannuation contribution rate as decimal (e.g., 0.11 for 11%)

Explanation: The calculation shows both the super contribution amount and the total compensation package value.

3. Importance of Super Calculation

Details: In Australia, employers must pay superannuation (currently minimum 11%) on top of salary. Understanding total compensation helps with financial planning and employment negotiations.

4. Using the Calculator

Tips: Enter your base salary in AUD and the super rate as a decimal (e.g., 0.11 for 11%). The calculator will show both the super contribution amount and total package value.

5. Frequently Asked Questions (FAQ)

Q1: What is the current super guarantee rate in Australia?
A: As of 2023-24, the super guarantee rate is 11% (0.11) of ordinary earnings, rising to 12% by 2025.

Q2: Is super calculated on the total salary?
A: Generally yes, but some payments like overtime may be excluded. Check with your employer or the ATO for specifics.

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

Q4: Is super included in my take-home pay?
A: No, super is paid separately by your employer to your super fund and doesn't appear in your regular paycheck.

Q5: How often is super paid?
A: Employers must pay super at least quarterly, though some may pay more frequently.