made automatically to your fund. Further information about the super co-contribution can be accessed through the ASIC website: You should consider the most financially advantageous way for you to make your contributions, including the impact on your eligibility for the government co-contribution. Calculators such as those on the ASIC or Super Guru websites can assist you to decide the best way to make any extra contributions. Some examples: A woman earning $45 000 Somaya is 25 years old and earns $45 000 a year. Somaya uses a contributions calculator to consider whether she should make her extra contributions as before-tax (concessional) or after-tax (non-concessional) contributions. If Somaya does not make any extra contributions to her super, her annual take home pay would be $38 253, and she would pay $6 747 in personal income tax. If she makes $25 a week in extra concessional contributions through salary sacrifice, her annual take home pay would be $37 421, she would pay $6 279 in personal income tax, and an extra $1 300 per year will go into her super, where it will generally be subject to $195 tax. If Somaya made the same $25 a week super contribution after-tax (non-concessional), her take home pay would be $36 953, she would pay $6 747 in personal income tax, and an extra $1 300 per year will go into her super, where it will not be subject to tax. If Somaya meets all the criteria, and has given her tax file number to her super fund, she will automatically receive a government co-contribution of $150 to her super fund. A woman earning $85 000 Asha is 40 years old and earns $85 000 a year. Asha uses a contributions calculator to consider whether she should make her extra contributions as before-tax (concessional) or after-tax (non-concessional) contributions. If Asha does not make any extra contributions to her super, her annual take home pay would be $63 903, and she would pay $21 097 in personal income tax. If she makes $50 a week in extra concessional contributions through salary sacrifice, her annual take home pay would be $62 317, she would pay $20 083 in personal income tax, and an extra $2 600 per year will go into her super, where it will generally be subject to $390 tax.
made automatically to your fund. Further information about the super co-contribution can be accessed through the ASIC website: You should consider the most financially advantageous way for you to make your contributions, including the impact on your eligibility for the government co-contribution. Calculators such as those on the ASIC or Super Guru websites can assist you to decide the best way to make any extra contributions. Some examples: A woman earning $45 000 Somaya is 25 years old and earns $45 000 a year. Somaya uses a contributions calculator to consider whether she should make her extra contributions as before-tax (concessional) or after-tax (non-concessional) contributions. If Somaya does not make any extra contributions to her super, her annual take home pay would be $38 253, and she would pay $6 747 in personal income tax. If she makes $25 a week in extra concessional contributions through salary sacrifice, her annual take home pay would be $37 421, she would pay $6 279 in personal income tax, and an extra $1 300 per year will go into her super, where it will generally be subject to $195 tax. If Somaya made the same $25 a week super contribution after-tax (non-concessional), her take home pay would be $36 953, she would pay $6 747 in personal income tax, and an extra $1 300 per year will go into her super, where it will not be subject to tax. If Somaya meets all the criteria, and has given her tax file number to her super fund, she will automatically receive a government co-contribution of $150 to her super fund. A woman earning $85 000 Asha is 40 years old and earns $85 000 a year. Asha uses a contributions calculator to consider whether she should make her extra contributions as before-tax (concessional) or after-tax (non-concessional) contributions. If Asha does not make any extra contributions to her super, her annual take home pay would be $63 903, and she would pay $21 097 in personal income tax. If she makes $50 a week in extra concessional contributions through salary sacrifice, her annual take home pay would be $62 317, she would pay $20 083 in personal income tax, and an extra $2 600 per year will go into her super, where it will generally be subject to $390 tax.
WomenSuperBookletA4.docx