This tool demonstrates the impact on your fortnightly salary if you salary sacrifice or pay personal contributions into the RBF Contributory Scheme and / or RBF Investment Account. Paying salary sacrifice contributions and personal contributions into the RBF Contributory Scheme and / or RBF Investment Account are 3 options available to improve your super entitlement, however there may be other superannuation improvement options available to you. It is important to note that whilst salary sacrificing will usually minimise your immediate PAYG situation, it may result in less favourable taxation treatment in relation to your final superannuation benefit. This tool does not attempt to calculate or illustrate the impact of changes on your retirement benefits.
Members can make either salary sacrifice contributions or personal contributions to the RBF Contributory Scheme at any one particular point in time. That is a member who makes salary sacrifice contributions to the RBF Contributory Scheme cannot make any personal contributions to the RBF Contributory Scheme while salary sacrifice contributions are being paid.
Please note that both salary sacrifice contributions and personal contributions may be paid to the RBF Investment Account at the same time.
Your individual financial circumstances must be considered when examining the suitability of particular contribution strategies. To properly assess the impact of contribution strategies on your take home pay and future after tax retirement benefits we encourage you to seek professional financial planning advice. RBF Financial Planning Pty Ltd, ABN 17 094 816 412, AFSL No.239171, a Principal Member of the FPA is a company owned and operated by the RBF Board to provide RBF members with financial planning advice. If you wish to use this service or obtain further information please contact RBF Advisory Services.
Disclaimers
This calculator can be used to assess the impact of making certain decisions regarding the payment of superannuation contributions on your take-home pay. The calculator does not calculate and project superannuation benefits.
The information contained in this calculator is general information only, is not personal financial product advice and does not take into account any individual's particular objectives, financial situation or needs. You should consider seeking professional financial advice before acting on this information.
The information generated by this calculator is of a general nature only. It is not a substitute for RBF legislation or other legislation. The relevant legislation will be the final authority should any questions arise. The RBF Board expressly disclaims all liability and responsibility to any person who relies upon anything contained in, or omitted from this calculator.
RBF specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with this calculator.
Other than as required under consumer protection law, under no circumstances will RBF be liable for any loss or damage caused by a user's reliance on information obtained by using this calculator.
The PAYG withholding tax rates used by this calculator are effective from 1 July 2009.
Annual Commonwealth Co-contribution has been calculated on salary and contribution information provided above and uses 2009-10 Government Co-Contribution rates and thresholds.
There may be additional income tax rebates or additional payments that have the effect of reducing or increasing the amount of tax deducted. No allowance for these items has been made in this calculator.
There may be a limit (set by legislation or your employer) on the maximum amount you can salary sacrifice. You may wish to discuss this with your pay office.
Your employer may charge you a fee for establishing and maintaining any salary sacrifice payments made on your behalf. This fee is not controlled by or paid to RBF, and may vary between employers.
The taxation treatment of your ultimate superannuation benefit may vary if you elect to salary sacrifice any of your salary.
Any fees and associated costs applied by an employer in relation to transacting salary sacrifice contributions are not incorporated into results generated by this calculator.
RBF will not enter into, or be incorporated into any contract between an employer and employee and is not liable for any conditions set in any such contract.
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