The team at Your Super Specialist has extensive industry experience. We’ve drawn from this wealth of inside knowledge to curate these easy to use calculation tools for you.

Calculators

S293 Calculator

Division 293 tax is an additional 15% tax imposed on relevant concessionally taxed superannuation contributions (referred to as low tax contributions) made to superannuation funds (including SMSFs) by individuals whose income exceeds $300,000 in 2013 to 2017 or $250,000 from 2018 onwards

Fill in the form below. * indicates a required field.

SG calculator – Employees

This tool enables EMPLOYEES to check how much superannuation their EMPLOYERS should be contributing to super on their behalf under the Superannuation Guarantee Laws.

Click here to launch calculator

SG calculator – Employers

This tool enables EMPLOYERS to check how much superannuation they should be contributing to super on behalf of their EMPLOYEES under the Superannuation Guarantee Laws.

Click here to launch calculator

Thresholds

Period General super guarantee (%) Super guarantee (%) for Norfolk Island (transitional rate) From 1 July 2016
1 July 2002 – 30 June 2013 9 0
1 July 2013 – 30 June 2014 9.25 0
1 July 2014 – 30 June 2015 9.5 0
1 July 2015 – 30 June 2016 9.5 0
1 July 2016 – 30 June 2017 9.5 1
1 July 2017 – 30 June 2018 9.5 2
1 July 2018 – 30 June 2019 9.5 3
1 July 2019 – 30 June 2020 9.5 4
1 July 2020 – 30 June 2021 9.5 5
1 July 2021 – 30 June 2022 10 6
1 July 2022 – 30 June 2023 10.5 7
1 July 2023 – 30 June 2024 11 8
1 July 2024 – 30 June 2025 11.5 9
1 July 2025 – 30 June 2026 12 10
1 July 2026 – 30 June 2027 12 11
1 July 2027 – onwards 12 12
Date of birth Preservation Age (years)
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
After 30 June 1964 60

Age

Percentage of account balance

2007–08

2008–09

2011–12

2013–14

2009–10

2012–13

onwards

2010–11

Under 65

4%

2%

3%

4%

65-74

5%

2.5%

3.75%

5%

75-79

6%

3%

5%

6%

80-84

7%

3.5%

5.25%

7%

85-89

9%

5%

6.75%

9%

90-94

11%

5.5%

8.25%

11%

95 or more

14%

7%

10.5%

14%

Income Year Date Your age at this date Your concessional contribution cap Treatment of excess concessional contributions
2017-18 All ages $25,000
2016–17 30 June 2016 <49 $30,000 Included as taxable income, taxed at marginal tax rate plus an excess concessional contributions charge
49+ $35,000
2015–16 30 June 2015 <49 $30,000
49+ $35,000
2014–15 30 June 2014 <49 $30,000
49+ $35,000
2013–14 30 June 2013 <59 $25,000
59+ $35,000
Income year Amount of cap Bring Forward Cap
2017-18 $100,000 *conditions apply $300,000 *conditions apply
2016–17 $180,000.00 $540,000.00
2015–16 $180,000.00 $540,000.00
2014–15 $180,000.00 $540,000.00
2013–14 $150,000.00 $450,000.00