Spare change calculator

Even small contributions can have a big impact over time, and once your money’s invested in super, it’s working for you. Why leave it all up to your employer?

Use this calculator to explore how much extra income you could have in retirement by using the different contribution strategies available to you.

Should I contribute extra to my super?

We’re all at different stages in our lives so there’s no single answer. But, relying on your employer’s contributions alone might not be enough to create the lifestyle you want when you finish full-time work.

Making additional contributions now can make a big difference later on and there are a number of ways you can go about boosting your balance. You may even save yourself some tax at the same time.

Head to our Boosting your super factsheet for more.

How can I contribute to my super?

You don’t need to rely solely on your employer to grow your super savings. You could save more and boost your balance by making contributions — generally the sooner you start the better.

Additional contributions can be made through BPAY, payroll deduction or cheque. Find out more on our super contribution types page.

Are there any contribution limits?

Your contribution limits or ‘caps’ will depend on how you are making your contribution — contributions are either non-concessional (before-tax) or concessional (after-tax).

You can make concessional (before-tax) contributions to your super of up to $27,500 each financial year. Employer contributions, including salary sacrifice and any personal contributions you claim as a tax deduction, are all included in this cap.

The cap for non-concessional (after-tax) contributions is $110,000 each financial year. These could be regular payments made throughout the year or ad hoc.

If you do make contributions that exceed your caps you may have to pay additional tax.

To find out more visit our super contribution limits page.

Have another question in mind? Head to our Superannuation FAQs for more.