Top up your super calculator
Boost your super for retirement with additional contributions
Every little bit counts.
You can make a huge difference to your super balance in retirement by making additional contributions to your super. These contributions are made on top of the superannuation guarantee (SG) payments your employer makes to your super account.
The earlier you start, the more you’ll have thanks to the power of compound interest. You may also be able to reduce your taxable income for the financial year too.
Use our calculator to see the benefits!
If you earn less than $60,400 for the 2024-25 financial year, you may be eligible for Government incentives.
This means you could receive up to a maximum of $500 into your super from the Government per year - which could make a real difference to your retirement lifestyle.
Find out moreYou can boost your super by adding extra contributions, from income or funds you've already paid tax on. Since you've already paid tax, you won't pay any extra.
Find out moreYou can make additional contributions to your super from income or funds you've already paid tax on and claim a tax deduction.
This means you'll only pay 15% tax on contributions into your super account if your income is under $250,000, or 30% if your income is over $250,000 instead of up to 47% including Medicare*.
Find out moreIf you're earning a wage, and find that you're not using up all your take-home pay each month, you can grow your super savings, while reducing your taxable income across the financial year.
Salary sacrifice is easy to organise, so you can set and forget. If you change your mind, simply ask your employer to make the change. It's that simple.
Find out more-
Disclaimers and assumptions
To use this calculator, your age must between between 15 and 75.
The calculator uses the income and contribution amounts to determine a scenario for the user.
It does this by taking into account the following:
- mandatory super guarantee (SG) contribution of 11.5% of income
- concessional contribution limit of $30,000
- tax savings of concessional contributions (reducing taxable income)
- government co-contribution (up to maximum of $500) for incomes less than $60,400
For higher incomes it will be advantageous for a user to make before-tax contributions up to the concessional limit of $30,000 (less SG contributions) and then after-tax contributions for anything above the concessional limit.
For lower incomes it will often be advantageous for users to make after-tax contributions to qualify for the maximum government co-contributions.
Government co-contributions
If you earn less than $60,400 for the 2024-25 financial year, make after tax contributions and meet the criteria outlined, you may be eligible for contributions from the government.
If you earn less than $45,400, the Australian Government will chip in 50 cents towards your super for every $1 extra you contribute to your super with your after-tax dollars, up to a maximum of $500 a year. That’s a 50% return which could make a real difference to your retirement.
Co-contributions are paid on a reducing scale, cutting out at a salary of $60,400.
To receive the contribution you need to be able to answer yes to these eligibility questions:
- Will you be aged under 71 on 30 June 2025?
- Are you a permanent Australian resident and will be throughout the whole 2024-25 year? Note: exceptions may apply to New Zealand citizens or those who hold a prescribed visa.
- Will you earn less than $60,400 (this includes your assessable (gross) income, any reportable fringe benefits and salary sacrifice contributions) for 2024-25?
- Will you lodge a tax return with the ATO for the financial year?
- Does Prime Super have your Tax File Number (TFN) on record?
- Is your total superannuation balance less than $1.9 million at the end of 30 June of the previous financial year?
- Will you make voluntary personal (after-tax) contributions to your super account this financial year without claiming deductions?
- Will you earn 10% or more of your income from employment or running a business?
- Have you stayed under your non-concessional contribution cap?
Salary sacrifice
Salary sacrificing incurs 15% tax on contributions into your super account only if your income is under $250,000, or 30% tax if your income is over $250,000.
For the 2024-25 financial year, you can contribute up to $30,000 per year before tax - but this also includes all contributions your employer pays such as the 11.5% super guarantee.
There are contribution caps on your before-tax (concessional) super contributions, which include the Super Guarantee contributions your employer makes on your behalf, as well as any salary sacrifice contributions you make to your super.
The concessional contributions limit is $30,000, regardless of age. If you exceed this limit, your excess contributions will be taxed at your marginal tax rate.
If you have a total super balance of less than $500,000, you may be able to carry forward any unused concessional contributions on a five year basis.
For more information about contribution caps, types and eligibility, refer to the ATO website.