How to Calculate Superannuation Contributions


Superannuation is a retirement program used in Australia. The program centers on employers setting aside money that is used for workers' retirement and pension funds. Each worker needs to have a specific amount of money deposited, based on his salary. When a worker changes employers, the account travels with him and continues to accumulate funds. Knowing how much money should be placed in this account, both from the employer's and employee's perspective, can be very confusing. Luckily, the Australian government has made calculators to help with the process.

Things You'll Need

  • Payment records

Locate the Calculators

  • Browse to the Australian Taxation Office website.

  • Go to the Super Guarantee Contributions Calculator in the Business section.

  • Look for the Super Co-Contribution Calculator in the Individual section.

For Employers

For Workers

  • Use the Super Co-Contribution Calculator to determine if you should to contribute any additional funds to your account.

  • Read the information to find if you are eligible to co-contribute to your fund.

  • Click "Start" to fill out a customized online form. This form takes your specific information into account and will both confirm your eligibility and determine how much you need to contribute.

Related Searches


  • Photo Credit retired purse image by Maria Brzostowska from
Promoted By Zergnet


You May Also Like

  • How to Apply for Superannuation Refund

    Superannuation is a designated 9% amount taken out of Australian paychecks for retirement purposes, invested throughout Australians’ working careers. If you work...

  • How to Calculate a Contribution Margin

    As someone who's taught business, including accounting, economics, and finance, I'll show you exactly how to calculate what we call the contribution...

  • How Do You Calculate Net Sales?

    Gross sales is total sales revenue from all products and services, excluding any sales tax payments. Net sales is gross sales minus...

  • How to Find Unclaimed Superannuation Funds

    The Australian Taxation Office may have money that belongs to you from Superannuation funds (retirement funds) if you ever worked in Australia....

Related Searches

Check It Out

4 Credit Myths That Are Absolutely False

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!