Useful next calculations
When to use this calculator
- Before buying, renting, refinancing or reviewing a property investment.
- When you want to compare cash flow, tax, yield or ownership costs.
- When you need a fast estimate before speaking to an agent, lender or adviser.
- When you want to see how a rate or price change moves the result.
A worked example
These are the example figures the calculator opens with.
| Input | Value |
|---|---|
| Annual Gross Salary (A$) | A$80,000 |
| Annual Voluntary Super Contributions (A$) | A$15,000 |
| Years of Saving | 1 year |
| Marginal Tax Rate | 15% ($18,201–$45,000) |
For those figures the calculator returns:
- Total contributions: A$15,000.00
- Estimated release amount: A$13,260.00
- Tax saving vs regular savings: A$0.00
- Extra vs saving outside super: A$510.00
- Contributions tax paid: A$2,250.00
How to read your results
Tax Saving vs Regular Savings
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Contributions Tax Paid
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Common mistakes
- Using an assumption that is not supported by a current local quote, bill, statement or official source.
- Treating a generic estimate as a lender, provider, payroll or tax authority decision.
- Mixing monthly and annual inputs without converting them consistently.
- Testing only one scenario instead of checking how a cautious assumption changes the result.
What to do next
- Run a second scenario with a cautious assumption so you can see the downside clearly.
- Compare the result with the related calculators below before making a decision.
- Check current local rules, eligibility and provider terms before applying or committing money.
- Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.
Questions people ask
The FHSS Scheme allows first home buyers in Australia to make voluntary super contributions and later withdraw them to use as a house deposit. Contributions are taxed at just 15% inside super, compared to your marginal income tax rate, which can be as high as 45%. The scheme is administered by the ATO and is available to eligible first home buyers who have never owned property in Australia.