The assumptions listed below are used by our Calculator in making estimates. In our experience they are the factors that in day to day life will determine and influence your super.
Super Calculator Assumptions
Wages
Our Calculator assumes that you will be earning the same wage until the date of your retirement.
Today's Terms
The future value on projected benefits displayed by the Calculator are expressed in today's terms.
Accumulation Funds Only
Our Calculator is not relevant for defined benefit funds.
Superannuation Guarantee Contributions (SCG)
Your employer contributes 9% of your gross salary or wages to your super fund.
Tax on Earnings
Tax on earnings assumes your earnings will be taxed at a 6% effective rate, even though the official tax rate is higher at 15%. The difference is due to assumed franking credits and other tax deductions.
Contributions Tax
Contributions Tax assumes contributions will be taxed at the current official rate of 15%.
Inflation
Inflation assumes inflation rate of 2.5% pa. This adjusts your final balance to reflect the same purchasing power you have today.
Rise in Community Living Standards
Rise in Community Living Standards assumes a 1% pa rise in the level of living standards in Australia.
Continuous Employment
Continuous employment assumes you will continue to be employed until retirement.
No Additional Contributions From You
No additional contributions through salary sacrifice or from after tax income.
No Additional Contributions From The Government
No contributions from the government's co-contribution scheme.
