Superannuation and tax are inextricably linked, and it is critical to be across how much income tax you pay so you can properly evaluate which super contribution strategies could make most sense to you, particularly since significant income tax cuts will be introduced from July 2024.
Enter your taxable income for 2023–24 or 2024–25 below and the calculator will show you what offsets you may be eligible for, as well as your marginal tax rate and how much income tax you effectively pay.
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This is a great little calculator, much more comprehensive others out there (taking into account medicare levy, LITO/LMITO). Thank you!
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