What is the actual super amount if it is $2000 iclusive super? My friend says $190 is the super amount. I couldn't understand how?

  • $190 is 9.5% of $2000. Does that percentage ring a bell?
    – RonJohn
    Commented May 31, 2023 at 9:07
  • 1
    Please clarify your specific problem or provide additional details to highlight exactly what you need. As it's currently written, it's hard to tell exactly what you're asking. Commented May 31, 2023 at 15:38

1 Answer 1

$inclusive = $salary + $super

The current minimum super contribution is 11% source so

$super = $salary * 0.11

Which we can reverse both and plug the value into the original formula:

$inclusive = $salary + $salary*0.11
$inclusive = 1.11*$salary
$salary = $inclusive/1.11 = $1,801.8018018
$super = $inclusive - $salary = $198.1981982

So your friend was pretty close, possibly using an older super guarantee rate

Edit: didn't see this was a year old question, in which case the rate was lower

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .