1. What is Salary Inclusive of Super?

In Australia, superannuation (super) is a compulsory retirement savings contribution made by employers. "Salary inclusive of super" means the total package including both the salary and super contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( \text{Salary} \) — Base annual salary in AUD
• \( \text{Super Rate} \) — Superannuation rate as a percentage (e.g., 11%)

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

3. Importance of Super Calculation

Details: Understanding your total compensation package is important for financial planning and comparing job offers. In Australia, employers must pay at least the current super guarantee rate (11% as of 2024).

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: What is the current super guarantee rate in Australia?
A: As of 2024, the rate is 11% of ordinary time earnings, scheduled to increase to 12% by 2025.

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

Q3: What's the difference between inclusive and exclusive super?
A: Inclusive means super is part of the total package. Exclusive means super is added on top.

Q4: Are there caps on super contributions?
A: Yes, there are concessional and non-concessional contribution caps with tax implications.

Q5: Can I salary sacrifice into super?
A: Yes, additional contributions can be made through salary sacrifice arrangements.