๐ผ Salary Sacrifice Calculator (Australia)
Disclaimer: This calculator provides an estimate only. Please consult a qualified tax professional for advice specific to your situation.
๐ ๏ธ How to Use the Salary Sacrifice Calculator
Follow these straightforward steps to utilize the calculator:()
- Enter Your Gross Annual Salary: Input your total annual income before any deductions.()
- Specify Annual Salary Sacrifice Amount: Enter the amount you plan to contribute to your superannuation from your pre-tax income.()
- Calculate: Click the “Calculate” button to view your estimated adjusted taxable income.()
๐ What Youโll See in the Results
After calculation, the tool will display:()
- Adjusted Taxable Income: Your income after the salary sacrifice amount is deducted.()
- Estimated Tax Savings: An approximation of the tax you may save by reducing your taxable income.()
- Increased Superannuation Contributions: The total amount added to your superannuation fund through salary sacrifice.()
This calculator provides an estimate only. Please consult a qualified tax professional for advice specific to your situation. ()
๐ก Why Use This Tool?
- Tax Efficiency: Understand how salary sacrificing can reduce your taxable income and potentially lower your tax liability.()
- Retirement Planning: See how additional contributions can boost your superannuation savings over time.()
- Informed Decision-Making: Make educated choices about your compensation structure and financial planning.()