Taxcalculator

Want to know how much of your income will remain in your pocket and how much will be withheld? Our calculator helps you work out the tax portion of your pay.

Taxcalculator

Want to know how much of your income will remain in your pocket and how much will be withheld? Our calculator helps you work out the tax portion of your pay.
$XX,XXX net income
$XX,XXX tax withheld
Total income before tax $XX,XXX
Total taxes $XX,XXX
Income tax $XX,XXX
Medicare levy $X,XXX
Help/Hecs $X,XXX
Tax offsets (paid yearly) $X,XXX
Net income - Your take-home pay $XX,XXX

Reduce your tax

Superannuation tax rates are usually less than regular tax on income. Top up your super and save tax by salary sacrificing.

Save xx in taxes a year and have an extra xx at retirement.
Talk to us about reducing your tax
Customise your tax settings
Are you claiming an exemption from the Medicare levy? Tooltip
Do you have a HELP / HECS debt? Tooltip
Are you claiming a tax offset? Tooltip

Assumptions 2019-2020

We assume that you are an Australian resident and have provided your tax file number to your employer.

This calculator conforms to ATO rates according to 'Statement of formulas for calculating amounts to be withheld'. It takes into account the income tax rates and tax-free threshold.

Medicare Levy is included in 'Total taxes' as follows:

Taxpayers earning more than $90,000 a year (for singles) or $180,000 a year (for couples and families) who don't have private hospital cover, also have to pay the Medicare Levy Surcharge (MLS). The MLS is not considered in this calculator.

This calculator does not take into account spouse or dependent children.

HELP repayments are calculated according to 'Higher Education Loan Program weekly tax table'.

The 'Reduce your tax' calculations are based on a reduction in your take home pay according to PAYG tables, not your end of year tax assessment.

The 'Extra at retirement' outcome uses an actuary projection and the following assumptions:

Disclaimer

Before you use our calculator please read and ensure you understand this important information.

The EISS Super 'Tax Calculator' is issued by Energy Industries Superannuation Scheme Pty Limited ABN 72 077 947 285, RSE Licensee L0001373 and AFS Licence 441877 as trustee for Energy Industries Superannuation Scheme Pool A ABN 22 277 243 559, RSE R1004861 and Pool B ABN 64 322 090 181, RSE R1004878, and trading as EISS Super. The information provided in this calculator is in accordance with the relevant legislation including tax rates and superannuation guarantee contribution rates, as at 1 July 2020.

This calculator is only intended to provide a general illustration. It does not take into account your personal financial objectives, circumstances or needs. Before acting on the results of the calculator you should consider its appropriateness having regard to your personal objectives, financial situation or needs and read the relevant Product Disclosure Statement available at eisuper.com.au/pds or by calling us on 1300 369 901. You should also consider obtaining financial, legal and/or taxation advice which is tailored to your personal circumstances before making a decision. You should not rely upon the results of the calculator in making any particular financial decision, including about a particular superannuation fund. To the extent permitted by law, EISS Super accepts no liability for any loss including consequential loss incurred as a result of your use of this calculator and the information provided.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision.

Purpose and assumptions

This calculator generates information about how your taxable income and retirement outcome are influenced by salary sacrifice. This is based on certain assumptions.

Limitations

Your taxable income and retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account. Outcome is based on factors including but not limited to your contributions being made annually, at 30 June, on your fees being deducted annually and your investment returns being credited to your account annually.

Assumptions 2020-2021

We assume that you are an Australian resident and have provided your tax file number to your employer.

This calculator conforms to ATO rates according to 'Statement of formulas for calculating amounts to be withheld'. It takes into account the income tax rates and tax-free threshold.

Medicare Levy is included in 'Total taxes' as follows:

Taxpayers earning more than $90,000 a year (for singles) or $180,000 a year (for couples and families) who don't have private hospital cover, also have to pay the Medicare Levy Surcharge (MLS). The MLS is not considered in this calculator.

This calculator does not take into account spouse or dependent children.

HELP repayments are calculated according to 'Higher Education Loan Program weekly tax table'.

The 'Reduce your tax' calculations are based on a reduction in your take home pay according to PAYG tables, not your end of year tax assessment.

The 'Extra at retirement' outcome uses an actuary projection and the following assumptions:

Disclaimer

Before you use our calculator please read and ensure you understand this important information.

The EISS Super 'Tax Calculator' is issued by Energy Industries Superannuation Scheme Pty Limited ABN 72 077 947 285, RSE Licensee L0001373 and AFS Licence 441877 as trustee for Energy Industries Superannuation Scheme Pool A ABN 22 277 243 559, RSE R1004861 and Pool B ABN 64 322 090 181, RSE R1004878, and trading as EISS Super. The information provided in this calculator is in accordance with the relevant legislation including tax rates and superannuation guarantee contribution rates, as at 1 July 2020.

This calculator is only intended to provide a general illustration. It does not take into account your personal financial objectives, circumstances or needs. Before acting on the results of the calculator you should consider its appropriateness having regard to your personal objectives, financial situation or needs and read the relevant Product Disclosure Statement available at eisuper.com.au/pds or by calling us on 1300 369 901. You should also consider obtaining financial, legal and/or taxation advice which is tailored to your personal circumstances before making a decision. You should not rely upon the results of the calculator in making any particular financial decision, including about a particular superannuation fund. To the extent permitted by law, EISS Super accepts no liability for any loss including consequential loss incurred as a result of your use of this calculator and the information provided.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision.

Purpose and assumptions

This calculator generates information about how your taxable income and retirement outcome are influenced by salary sacrifice. This is based on certain assumptions.

Limitations

Your taxable income and retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account. Outcome is based on factors including but not limited to your contributions being made annually, at 30 June, on your fees being deducted annually and your investment returns being credited to your account annually.

Assumptions 2021-2022

We assume that you are an Australian resident and have provided your tax file number to your employer.

This calculator conforms to ATO rates according to 'Statement of formulas for calculating amounts to be withheld'. It takes into account the income tax rates and tax-free threshold.

Medicare Levy is included in 'Total taxes' as follows:

Taxpayers earning more than $90,000 a year (for singles) or $180,000 a year (for couples and families) who don't have private hospital cover, also have to pay the Medicare Levy Surcharge (MLS). The MLS is not considered in this calculator.

This calculator does not take into account spouse or dependent children.

HELP repayments are calculated according to 'Higher Education Loan Program weekly tax table'.

The 'Reduce your tax' calculations are based on a reduction in your take home pay according to PAYG tables, not your end of year tax assessment.

The 'Extra at retirement' outcome uses an actuary projection and the following assumptions:

Disclaimer

Before you use our calculator please read and ensure you understand this important information.

The EISS Super 'Tax Calculator' is issued by Energy Industries Superannuation Scheme Pty Limited ABN 72 077 947 285, RSE Licensee L0001373 and AFS Licence 441877 as trustee for Energy Industries Superannuation Scheme Pool A ABN 22 277 243 559, RSE R1004861 and Pool B ABN 64 322 090 181, RSE R1004878, and trading as EISS Super. The information provided in this calculator is in accordance with the relevant legislation including tax rates and superannuation guarantee contribution rates, as at 1 July 2021.

This calculator is only intended to provide a general illustration. It does not take into account your personal financial objectives, circumstances or needs. Before acting on the results of the calculator you should consider its appropriateness having regard to your personal objectives, financial situation or needs and read the relevant Product Disclosure Statement available at eisuper.com.au/pds or by calling us on 1300 369 901. You should also consider obtaining financial, legal and/or taxation advice which is tailored to your personal circumstances before making a decision. You should not rely upon the results of the calculator in making any particular financial decision, including about a particular superannuation fund. To the extent permitted by law, EISS Super accepts no liability for any loss including consequential loss incurred as a result of your use of this calculator and the information provided.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision.

Purpose and assumptions

This calculator generates information about how your taxable income and retirement outcome are influenced by salary sacrifice. This is based on certain assumptions.

Limitations

Your taxable income and retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account. Outcome is based on factors including but not limited to your contributions being made annually, at 30 June, on your fees being deducted annually and your investment returns being credited to your account annually.