Case studies: Queensland Government super payments

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Molly makes after-tax contributions of 5% of their superannuable salary. Here's what the changes mean for Molly.

Super will be paid at 12.75% of OTE from 1 July 2023

Molly’s OTE is the same as their superannuable salary. As Molly doesn't get any allowances as part of their salary, Molly won't get any extra super.

Employee payments to super are optional

Molly can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Molly can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$96	$0
4%	$77	$19
3%	$58	$38
2.5%	$48	$48
2%	$38	$58
1%	$19	$77
0%	$0	$96

What’s the impact on Molly's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Molly reduces payments to super by $96 per fortnight. Here’s how much less Molly could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Molly doesn't get any allowances as part of their salary, so Molly won't get a top-up payment.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Jodie makes after-tax contributions of 5% of their superannuable salary. Here's what the changes mean for Jodie.

Super will be paid at 12.75% of OTE from 1 July 2023

Jodie's OTE is $25,000 higher than their superannuable salary. This means that Jodie's employer contributions will go up.

Jodie's super will be boosted by $92 a fortnight after the 15% contributions tax. This takes into account any super guarantee (SG) top-up amounts already received.

Employee payments to super are optional

Jodie can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Jodie can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$192	$0
4%	$154	$38
3%	$115	$77
2.5%	$96	$96
2%	$77	$115
1%	$38	$154
0%	$0	$192

One option Jodie could consider is to reduce their contributions from 5% to 2.5% this financial year.

Why? The amount no longer going to super ($96 per fortnight of extra take-home pay) is close to the extra super that Jodie's employer is paying under the new arrangement after tax is taken out ($92 pfn).

What’s the impact on Jodie's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Jodie reduces payments to super by $192 per fortnight. Here’s how much less Jodie could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Jodie will get a one-off payment of $2,813 into their super account.

(Based on super on allowances received: 12.75% x $25,000 = $3,188, less SG top-up already made of $375).

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Simon makes after-tax contributions of 5% of their superannuable salary. Here's what the changes mean for Simon.

Super will be paid at 12.75% of OTE from 1 July 2023

Simon's OTE is the same as their superannuable salary. As Simon doesn't get any allowances as part of their salary, Simon won't get any extra super.

Employee payments to super are optional

Simon can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Simon can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$288	$0
4%	$231	$57
3%	$173	$115
2.5%	$144	$144
2%	$115	$173
1%	$57	$231
0%	$0	$288

What’s the impact on Simon's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Simon reduces payments to super by $288 per fortnight. Here’s how much less Simon could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Simon doesn’t get any allowances as part of their salary, so Simon won’t get a top-up payment.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Aiysha makes after-tax contributions of 5% of their superannuable salary. Here's what the changes mean for Aiysha.

Super will be paid at 12.75% of OTE from 1 July 2023

Aiysha's OTE is $50,000 higher than their superannuable salary. This means that Aiysha's employer contributions will go up.

Aiysha's super will be boosted by $147 a fortnight after the 15% contributions tax. This takes into account any super guarantee (SG) top-up amounts already received.

Employee payments to super are optional

Aiysha can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Aiysha can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$288	$0
4%	$231	$57
3%	$173	$115
2.5%	$144	$144
2%	$115	$173
1%	$57	$231
0%	$0	$288

One option Aiysha could consider is to reduce their contributions from 5% to 2.5% this financial year.

Why? The amount no longer going to super ($144 per fortnight of extra take-home pay) is close to the extra super that Aiysha's employer is paying under the new arrangement after tax is taken out ($147 pfn).

What’s the impact on Aiysha's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Aiysha reduces payments to super by $288 per fortnight. Here’s how much less Aiysha could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Aiysha will get a one-off payment of $4,500 into their super account.

(Based on super on allowances received: 12.75% x $50,000 = $6,375, less SG top-up already made of $1,875).

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Taylor makes after-tax contributions of 5% of their superannuable salary. Here's what the changes mean for Taylor.

Super will be paid at 12.75% of OTE from 1 July 2023

Taylor's OTE is $40,000 higher than their superannuable salary. This means that Taylor's employer contributions will go up.

Taylor's super will be boosted by $167 a fortnight after the 15% contributions tax. This takes into account any super guarantee (SG) top-up amounts already received.

Employee payments to super are optional

Taylor can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Taylor can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$385	$0
4%	$308	$77
3%	$231	$154
2.5%	$192	$193
2%	$154	$231
1%	$77	$308
0%	$0	$385

One option Taylor could consider is to reduce their contributions from 5% to 3% this financial year.

Why? The amount no longer going to super ($154 per fortnight of extra take-home pay) is close to the extra super that Taylor's employer is paying under the new arrangement after tax is taken out ($167 pfn).

What’s the impact on Taylor's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Taylor reduces payments to super by $385 per fortnight. Here’s how much less Taylor could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Taylor will get a one-off payment of $5,100 into their super account. This will also add to any excess contributions for the year.

(Based on super on allowances received: 12.75% x $40,000 = $5,100).

Financial advice

Taylor may think about getting financial advice before they go over the contribution limit.

Our advisers can help with advice about your QSuper account.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Darren has started a job with a Queensland Government employer after 1 July 2023. Here's what the changes mean for Darren.

Super will be paid at 12.75% of OTE from 1 July 2023

Darren’s employer will pay 12.75% of Darren's OTE as super. This is higher than the superannuation guarantee (SG) rate.

The SG is the minimum super rate set by the Australian Government and paid by many employers.

Employee payments to super set at 5%

When Darren starts work, Darren will be automatically set up to pay 5% of their superannuable salary into super after-tax. So Darren will contribute $96 a fortnight from their pay.

Employee payments to super are optional

Darren can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Darren can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$96	$0
4%	$77	$19
3%	$58	$38
2%	$38	$58
1%	$19	$77
0%	$0	$96

What’s the impact on Darren's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Darren reduces payments to super by $96 per fortnight. Here’s how much less Darren could potentially have (in today’s dollars) to spend in retirement:²

Darren needs to tell their payroll if they want to:

• Pay less to super
• Pay more to super
• Change payments from after-tax to before-tax (known as salary sacrifice).³

For more detailed information about your super arrangements, talk to your payroll department.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Vivian has started a job with a Queensland Government employer after 1 July 2023. Here's what the changes mean for Vivian.

Super will be paid at 12.75% of OTE from 1 July 2023

Vivian's employer will pay 12.75% of Vivian's OTE as super. This is higher than the superannuation guarantee (SG) rate.

The SG is the minimum super rate set by the Australian Government and paid by many employers.

Employee payments to super set at 5%

When Vivian starts work, Vivian will be automatically set up to pay 5% of their superannuable salary into super after-tax. So Vivian will contribute $144 a fortnight from their pay.

Employee payments to super are optional

Vivian can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Vivian can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$144	$0
4%	$115	$29
3%	$87	$57
2%	$57	$87
1%	$29	$115
0%	$0	$144

What’s the impact on Vivian's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Vivian reduces payments to super by $144 per fortnight. Here’s how much less Vivian could potentially have (in today’s dollars) to spend in retirement:²

Vivian needs to tell their payroll if they want to:

• Pay less to super
• Pay more to super
• Change payments from after-tax to before-tax (known as salary sacrifice).³

For more detailed information about your super arrangements, talk to your payroll department.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Kiefer has started a job with a Queensland Government employer after 1 July 2023. Here's what the changes mean for Kiefer.

Super will be paid at 12.75% of OTE from 1 July 2023

Kiefer's employer will pay 12.75% of Kiefer's OTE as super. This is higher than the superannuation guarantee (SG) rate.

The SG is the minimum super rate set by the Australian Government and paid by many employers.

Employee payments to super set at 5%

When Kiefer starts work, Kiefer will be automatically set up to pay 5% of their superannuable salary into super after-tax. So Kiefer will contribute $192 a fortnight from their pay.

Employee payments to super are optional

Kiefer can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Kiefer can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
5%	$192	$0
4%	$154	$38
3%	$115	$77
2%	$77	$115
1%	$38	$154
0%	$0	$192

What’s the impact on Kiefer's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Kiefer reduces payments to super by $192 per fortnight. Here’s how much less Kiefer could potentially have (in today’s dollars) to spend in retirement:²

Kiefer needs to tell their payroll if they want to:

• Pay less to super
• Pay more to super
• Change payments from after-tax to before-tax (known as salary sacrifice).³

For more detailed information about your super arrangements, talk to your payroll department.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Here's what the changes mean for Kim.

Super will be paid at 12.75% of OTE from 1 July 2023

Kim's employer will pay 12.75% of Kim's OTE as super. This is higher than the Superannuation Guarantee (SG) rate, which is what Kim may have got in the past as a casual.

Employee payments to super are optional

As a casual employee, Kim’s always been able to choose how much they contribute to their super. This is because Kim didn’t opt-in to the standard Queensland Government contribution arrangements in the past.

So there will be no change to Kim's take-home pay. Kim can continue with their current arrangements.

If Kim wants to change how much super they pay

Kim needs to tell their payroll if they want to start making voluntary payments to super.¹

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1.The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

As a defined benefit member, Lisa's employee contribution arrangements aren't changing from 1 July 2023. Lisa will still need to pay between 2% and 5% to super. And there will be no change to Lisa's take-home pay or Defined Benefit account.

Here's what the changes mean for Lisa.

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.¹ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Lisa will get a one-off payment of $1,275 into their Accumulation account.

(Based on super on allowances received: 12.75% x $10,000 = $1,275).

Extra employer contribution

Contributions to the defined benefit are based on superannuable salary, not OTE.

From 1 July 2023, Lisa may get an extra employer contribution. This makes sure the total Lisa’s employer pays is at least 12.75% of OTE.

Lisa’s employer will pay any top-up into Lisa’s Accumulation account, if needed. This is on top of Lisa's defined benefit entitlements.

What happens if Lisa opts for a lower rate?

If Lisa reduces their contribution rate (for example, from the default rate of 5% to 2%) then it will impact the growth of Lisa's defined benefit.

For more information, download the Defined Benefit Account Guide (pdf).

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1.The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

As a defined benefit member, Ben's employee contribution arrangements aren't changing from 1 July 2023. Ben will still need to pay between 3% and 6% to super. And there will be no change to Ben's take-home pay or Defined Benefit account.

Here's what the changes mean for Ben.

One-off top-up to super

Between July and September 2023, some police officers will get a one-off top-up contribution.¹ It’s to bring your 2022–23 employer contributions to a total of 18% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Ben will get a one-off payment of $2,880 into their Accumulation account.

(Based on super on allowances received: 18% x $16,000 = $2,880).

Extra employer contribution

Contributions to the defined benefit are based on superannuable salary, not OTE.

From 1 July 2023, Ben may get an extra employer contribution. This makes sure the total Ben's employer pays is at least 18% of OTE.

Ben’s employer will pay any top-up into Ben’s Accumulation account, if needed. This is on top of Ben's defined benefit entitlements.

What happens if Ben opts for a lower rate?

If Ben reduces their contribution rate (for example, from the default rate of 6% to 3%) then it will impact the growth of Ben's defined benefit.

For more information, download the Defined Benefit Account Guide (pdf).

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1.The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Michi is a defined benefit member who makes contributions before-tax (salary sacrifice) of 5.88% of their superannuable salary ($11,760 p.a.).

Michi's employee contribution arrangements aren't changing from 1 July 2023. Michi will still need to pay between 2% and 5% to super. And there will be no change to Michi's take-home pay or Defined Benefit account.

Here's what the changes mean for Michi.

One-off top-up to super

Between July and September 2023, some employees will get a one-off top-up contribution.¹ It’s to bring your 2022–23 employer contributions to a total of 12.75% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Michi will get a one-off payment of $2,550 into their Accumulation account.

(Based on super on allowances received: 12.75% x $20,000 = $2,550).

Extra employer contribution

Contributions to the defined benefit are based on superannuable salary, not OTE.

From 1 July 2023, Michi may get an extra employer contribution. This makes sure the total Michi's employer pays is at least 12.75% of OTE.

Michi’s employer will pay any top-up into Michi’s Accumulation account, if needed. This is on top of Michi's defined benefit entitlements.

Contribution caps

The Australian Government sets limits on how much you can add to your super each year. Going over the limits could mean you pay extra tax.

Michi’s on a high salary and salary sacrifices to super. So the 1 July changes mean that Michi will likely end up getting more than the general contribution cap allows.

Michi will get a notice from the Australian Tax Office (ATO) that excess contributions have been added to Michi's taxable income.

Even though Michi's going to pay more tax, this is because they are getting more super. Michi has the flexibility to choose to take out some of the excess super or pay the extra tax on the excess amount.

What happens if Michi opts for a lower rate?

If Michi reduces their contribution rate (for example, from the default rate of 5% to 2%) then it will impact the growth of Michi's defined benefit.

Michi may think about getting financial advice before they go over the contribution limit.

Learn more

• Download the Defined Benefit Account Guide (pdf).
• Talk to an adviser about your QSuper account.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1.The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Paula has started a job with the Queensland Police Service after 1 July 2023. Here's what the changes mean for Paula.

Super will be paid at 18% of OTE from 1 July 2023

Paula's employer will pay 18% of Paula's OTE as super. This is higher than the superannuation guarantee (SG) rate.

The SG is the minimum super rate set by the Australian Government and paid by many employers.

Employee payments to super set at 6%

When Paula starts work, Paula will be automatically set up to pay 6% of their superannuable salary into super after-tax. So Paula will contribute $173 a fortnight from their pay.

Employee payments to super are optional

Paula can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Paula can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
6%	$173	$0
5%	$144	$29
4%	$115	$58
3%	$87	$86
2%	$58	$115
1%	$29	$144
0%	$0	$173

What’s the impact on Paula's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Paula reduces payments to super by $173 per fortnight. Here’s how much less Paula could potentially have (in today’s dollars) to spend in retirement:²

Paula needs to tell their payroll if they want to:

• Pay less to super
• Pay more to super
• Change payments from after-tax to before-tax (known as salary sacrifice).³

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Alex makes after-tax contributions of 6% of their superannuable salary. Here's what the changes mean for Alex.

Super will be paid at 18% of OTE from 1 July 2023

Alex's OTE is $20,000 higher than their superannuable salary. This means that Alex's employer contributions will go up.

Alex's super will be boosted by $118 a fortnight after the 15% contributions tax. This takes into account any super guarantee (SG) top-up amounts already received.

Employee payments to super are optional

Alex can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Alex can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
6%	$231	$0
5%	$192	$39
4%	$154	$77
3%	$115	$116
2%	$77	$154
1%	$39	$192
0%	$0	$231

One option Alex could consider is to reduce their contributions from 6% to 3% this financial year.

Why? The amount no longer going to super ($116 per fortnight of extra take-home pay) is close to the extra super that Alex's employer is paying under the new arrangement after tax is taken out ($118 pfn).

What’s the impact on Alex's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Alex reduces payments to super by $231 per fortnight. Here’s how much less Alex could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some police officers will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 18% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Alex will get a one-off payment of $3,600 into their super account.

(Based on super on allowances received: 18% x $20,000 = $3,600.)

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Patrick makes after-tax contributions of 6% of their superannuable salary. Here's what the changes mean for Patrick.

Super will be paid at 18% of OTE from 1 July 2023

Patrick 's OTE is $25,000 higher than their superannuable salary. This means that Patrick's employer contributions will go up.

Patrick's super will be boosted by $147 a fortnight after the 15% contributions tax. This takes into account any super guarantee (SG) top-up amounts already received.

Employee payments to super are optional

Patrick can choose how much of their fortnightly pay they want to put into super voluntarily. This means that Patrick can also choose to pay nothing and get more take-home pay.¹

Contribution rate	Payment to super	More take-home pay
6%	$346	$0
5%	$288	$58
4%	$231	$115
3.5%	$202	$144
3%	$173	$173
2%	$115	$231
1%	$58	$288
0%	$0	$346

One option Patrick could consider is to reduce their contributions from 6% to 3.5% this financial year.

Why? The amount no longer going to super ($144 per fortnight of extra take-home pay) is close to the extra super that Patrick's employer is paying under the new arrangement after tax is taken out ($147 pfn).

What’s the impact on Patrick's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Patrick reduces payments to super by $346 per fortnight. Here’s how much less Patrick could potentially have (in today’s dollars) to spend in retirement:²

One-off top-up to super

Between July and September 2023, some police officers will get a one-off top-up contribution.³ It’s to bring your 2022–23 employer contributions to a total of 18% of your OTE.

It takes into account:

• Employer super paid over the year
• Top-up payments already made.

Patrick will get a one-off payment of $4,500 into their super account. This will also add to any excess contributions for the year.

(Based on super on allowances received: 18% x $25,000 = $4,500).

Financial advice

Patrick may think about getting financial advice before they go over the contribution limit.

Our advisers can help with advice about your QSuper account.

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).

1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).

2. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

3. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Wally makes after-tax contributions of 5% of his superannuable salary (i.e. $3,750 p.a.).

Here’s what happens to Wally's fortnightly payments if he reduces his employee super contribution.

If Wally reduces his contributions this financial year, the employer contribution may also temporarily go down.

For example, if he contributes 0% then his employer would pay contributions at 10.5% of OTE.

Where needed, his employer will make a single top-up employer contribution between 1 July and 30 September 2023. This is to bring his annual super contributions² to a total of 12.75% of his 2022-23 OTE.

What’s the impact on Wally's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Wally reduces his payments to super by $144 per fortnight. Here’s how much less he could potentially have (in today’s dollars) to spend in retirement³:

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).
1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).
2. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.
3. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Josh makes after-tax contributions of 5% of his superannuable salary (i.e. $5,000 p.a.).

Here’s what happens to Josh's fortnightly payments if he reduces his employee super contribution.

If Josh reduces his contributions this financial year, the employer contribution may also temporarily go down.

For example, if he contributes 0% then his employer would pay contributions at 10.5% of OTE.

Where needed, his employer will make a single top-up employer contribution between 1 July and 30 September 2023. This is to bring his annual super contributions² to a total of 12.75% of his 2022-23 OTE.

What’s the impact on Josh's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Josh reduces his payments to super by $192 per fortnight. Here’s how much less he could potentially have (in today’s dollars) to spend in retirement³:

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).
1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).
2. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.
3. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Riley makes after-tax contributions of 5% of their superannuable salary (i.e. $7,500 p.a.).

Here’s what happens to Riley's fortnightly payments if they reduce their employee super contribution.

If Riley reduces their contributions this financial year, the employer contribution may also temporarily go down.

For example, if they contribute 0% then their employer would pay contributions at 10.5% of OTE.

Where needed, their employer will make a single top-up employer contribution between 1 July and 30 September 2023. This is to bring Riley's annual super contributions² to a total of 12.75% of their 2022-23 OTE.

What’s the impact on Riley's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Riley reduces their payments to super by $288 per fortnight. Here’s how much less they could potentially have (in today’s dollars) to spend in retirement³:

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).
1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).
2. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.
3. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Angela makes after-tax contributions of 6% of her superannuable salary (i.e. $4,500 p.a.).

Here’s what happens to Angela's fortnightly payments if she reduces her employee super contribution.

If Angela reduces her contributions this financial year, the employer contribution may also temporarily go down.

For example, if she contributes 0% then her employer would pay contributions at 10.5% of OTE.

Where needed, her employer will make a single top-up employer contribution between 1 July and 30 September 2023. This is to bring Angela's annual super contributions² to a total of 18% of her 2022-23 OTE.

What’s the impact on Angela's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Angela reduces her payments to super by $173 per fortnight. Here’s how much less she could potentially have (in today’s dollars) to spend in retirement³:

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).
1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).
2. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.
3. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.

What's superannuable salary?
It's your base salary plus specific allowances.

What's ordinary time earnings (OTE)?
It's your base salary plus any allowances to do with your ordinary hours of work. It doesn't include expenses repaid to you, paid overtime, or overtime-related allowances.

Grant makes after-tax contributions of 6% of his superannuable salary (i.e. $6,000 p.a.).

Here’s what happens to Grant's fortnightly payments if he reduces his employee super contribution.

If Grant reduces his contributions this financial year, the employer contribution may also temporarily go down.

For example, if he contributes 0% then his employer would pay contributions at 10.5% of OTE.

Where needed, his employer will make a single top-up employer contribution between 1 July and 30 September 2023. This is to bring Grant's annual super contributions² to a total of 18% of his 2022-23 OTE.

What’s the impact on Grant's retirement balance?

It depends on how long retirement is from now, and the assumed investment return.

Let's say Grant reduces his payments to super by $231 per fortnight. Here’s how much less he could potentially have (in today’s dollars) to spend in retirement³:

This case study contains general information only and doesn’t take into account your personal objectives, financial situation or needs. Before acting on this information, you should consider how relevant it is for you. Consider getting financial advice for your circumstances. Before deciding to get, or keep, any financial product, consider whether the product is right for you by reading the relevant product disclosure statement (PDS).
1. Calculation of take‑home pay includes Medicare levy and low-income super tax offset (LISTO). It doesn't include other salary packaging, HECS-HELP debt repayments, or the seniors and pensioners tax offset (SAPTO).
2. The Australian government sets limits on how much you can add to your super each year. These are called super contribution caps. Contributing over the limits could mean you pay extra tax.
3. We used the ASIC Moneysmart Super calculator on 14 December 2022. This calculator can't predict your final super benefit with certainty because this will depend on your personal circumstances including unexpected life events and external factors. This calculator assumes that all assumptions including these external factors will operate at set, steady rates for as long as you remain in the fund, even if events turn out differently from what's assumed. It assumes the expected return after fees and taxes is 6% p.a. Insurance premiums haven't been included in the projection and should be considered as they can reduce the balance at retirement. Price inflation of 4% p.a. has been assumed. Please read the full ASIC Moneysmart super calculator disclaimer.