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Australian concessional caps ATO minimum drawdown rates SG contributions included Month-by-month amortisation

Super vs Home Loan Calculator

Should you put your extra money into super or pay off the mortgage faster? This calculator compares both options across your full working life, including employer SG contributions, salary sacrifice tax concessions, loan amortisation, and a retirement SWP phase. Projected to age 67.

Loan start date
—
🏠 Home Loan
Loan balance $600,000
Interest rate (p.a.) 6.20%
Loan term (years) 25
Extra / month (working years) $1,000
🏛 Superannuation
Current super balance $120,000
Super return (p.a.) 8.00%
Monthly: opening bal × rate÷12, compounding
Annual salary (gross) $110,000
Extra super contribution / month $0
Added on top of SG. Concessional cap applies at 15% tax. Any excess automatically treated as non-concessional (after-tax, no extra tax deducted).
Employer SG rate 12%
Your details & tax
Age now 40
Marginal tax rate 34.5%
Contributions tax 15%
Retirement at 67. Loan runs to full term regardless.
💰 Account-Based Pension (ABP) — After Age 67
Annual pension payment (or ATO minimum if higher) $60,000
Pension phase return (p.a.) 6.00%
ATO minimum drawdown (2023-24 onwards):
<65
65–74
75–79
80–84
85–89
90–94
95+
4%
5%
6%
7%
9%
11%
14%
Interest saved
—
Loan paid off early
—
Super at 67
—
Super lasts until
—
Loan (extras) Loan (min only) Super (SG+extra) Super (SG only) Super (SWP phase)
Chart
📋 Loan Amortisation Schedule

▶ Click any FY row to expand months. Edit Extra $ columns per month — changes recalculate without collapsing.

Financial YearAgeOpeningInterestMin pmtLoan extraPrincipalClosing

Not financial advice. Super return applied monthly: balance × (annual rate ÷ 12). Concessional cap $30,000 to 30 Jun 2026, $32,500 from 1 Jul 2026 (ATO). Minimum pension drawdown per ATO Table 11 (2023-24 onwards). Loan runs to full term regardless of retirement age. Preservation age 60 for those born after 1 Jul 1964. Consult a licensed financial adviser.

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Retirement Planner

Project your super balance at retirement, model different drawdown strategies, and plan for the age pension. Coming soon.

🏡

Stamp Duty Calculator

Calculate stamp duty across all Australian states and territories, including first home buyer concessions. Coming soon.

🧾

Income Tax Calculator

Calculate your take-home pay, Medicare levy, HECS repayments, and effective tax rate for any income. Coming soon.

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Estate Planner

Estimate estate value, calculate what passes via will vs superannuation vs jointly held assets. Coming soon.