Superannuation Calculator
Project your super balance at retirement and see if you're on track.
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Australia's superannuation system — the world's envy
Compulsory superannuation is one of Australia's most significant economic achievements. Introduced in 1992 under Paul Keating at a rate of 3%, it has grown into one of the largest pension systems in the world relative to population — managing around $3.5 trillion in assets.
The idea was straightforward: rather than relying solely on the Age Pension, Australians would accumulate their own retirement savings throughout their working lives. Employers are required to contribute a percentage of each employee's gross earnings (12% from 1 July 2025) to a super fund of the employee's choice.
- Concessional contributions: Employer contributions (and salary-sacrificed amounts) are taxed at just 15% inside super — much lower than most people's marginal rate.
- Non-concessional contributions: After-tax contributions up to $120,000/year in 2025–26. No further tax on entry, and earnings in super are taxed at just 15%.
- Preservation age: You can access your super from age 60 (if retired) completely tax-free. Before 60, it's generally locked away.
- Self-Managed Super Funds (SMSFs): Over 600,000 SMSFs manage about $900 billion. They can invest in almost anything — including direct property, though with strict rules.
Read: How Much Super Should You Have by Age? - rough benchmarks, what counts as on track, and what to do if your balance is behind.
Read the super guide →