- The investment return selected is net of investment tax and all fees
- The real rate of return used is the investment return less the inflation rate
- Your benefit remains in super after retirement and you have an annual payment made at the end of each year that you use for income
- Superannuation Guarantee (SG) of 9% (maximum earnings base not applied)
- Contributions are not made to any other superannuation fund
- Administration fee of $1.10 per week
- Salary and contributions remain unchanged
- The results displayed for income are before the deduction of any applicable taxes.
- Contribution caps for the financial year 2010-2011 do not change for future years
- No withdrawals prior to retirement
- Your Tax File Number (TFN) has been advised to Media Super
Contributions tax has been applied to SG and Salary Sacrifice contributions. The results that follow also allow for penalty tax on any contributions in excess of the yearly concessional contribution limit of $25,000 and the yearly non-concessional contribution limit of $150,000.
Note that super funds must return an after-tax contribution that exceeds $450,000, or $150,000 for a member aged 65 to 74 on the first day of the financial year.
The results of this calculator are based on the accuracy of the information that you have provided as well as the assumptions stated. It is an estimate of your superannuation at retirement and is not a guarantee of your end benefit. The calculator is not intended to replace professional advice and we recommend that you consider and assess your individual circumstances before making any financial decision.