For best results
The calculator estimates your 'total income' by adding together the amounts you provide at:
business income
income attributable to eligible employment-related activities
reportable fringe benefits
reportable employer super contributions [2009-10 income year onwards] and
other income
For the purposes of the income threshold test the calculator subtracts your allowable business deductions from your total income [2007-08 income year onwards].
For best results follow the instructions on each page. Ensure that all of your business income is recorded on the 'Income and deductions from carrying on a business' page and that the remainder of your income is split appropriately between the 'Income attributable to eligible employment-related activities' and 'Other income' pages.
For the purposes of the 10% 'eligible income' test, the calculator uses:
income attributable to eligible employment-related activities
reportable fringe benefits
reportable employer super contributions (2009-2010 income year onwards)
business income (2007-08 income year onwards)
Any information you provide on the 'Other income' page and/or as 'business income' for the income years before 2007-08 is not counted for the purposes of the '10% eligible income' test.
If you do not know whether you are eligible for a co-contribution, or have further questions, refer to Super co-contribution. |