Superannuation Calculator for Employer Sponsored Members - Disclaimer

Assumptions:

1. The calculator initially uses an investment rate of 8.0% p.a. This is a standard rate currently recommended by ASIC (Australian Securities and Investment Commission) for use when calculating investment returns on a balanced style investment portfolio.
2. Your benefits increase each year with investment earnings (net of tax) at a default rate of 8.0% p.a. You may change the default rate to see the effect that this may have, although the actual rate of return for your investment may differ significantly from this assumption.
3. Contributions are assumed to be made on time and there is no interruption to your working career.
4. The Enterprise Bargaining Agreement (EBA) amount is the greater of $132 per week or 9% of ordinary time earnings. If you indicate that you work under an EBA, a member contribution of $33 per week will be automatically used in the calculation.
5. The Superannuation Guarantee Contribution (SGC) is calculated at 9% of ordinary time earnings.
6. Taxation of 15% has been applied to all employer contributions, before deduction of administration fees and insurance premiums.
7. Death Cover is payable to age 70 and TPD Cover is payable to age 65. Manual Workers receive TTD Cover on joining the Fund and need to have at least 4 units of TPD to maintain TTD Cover in the Fund.
8. Member salary sacrifice contributions are taxed at 15%.
9. Member voluntary contributions are from after-tax salary.
10. No provision has been made for the impact of the Superannuation Surcharge.
11. No tax has been applied to the benefit payment nor has there been any benefit payment fee deducted.
12. The Estimated Crediting Rate selected by you is used to calculate the Projected Retirement Balance.
13. The "present day dollars" amount is calculated by applying compound interest principles using the CPI% you have entered (default 3% p.a.).
14. Employer and member contributions are increased by the CPI each year.
15. The Administration fee is $1.50 per week with no commissions or other fees being incurred.
16. The projected retirement balance is assumed to be paid as a lump sum and not in excess of Reasonable Benefit Limits.

Disclaimer:

1. The Projection indicates how much could be saved through superannuation to retirement. The figures are based on assumptions and are for General Illustration only. They are not intended to be a substitute for professional financial advice.
2. The projected retirement balance is NOT GUARANTEED in any way. The actual performance of the fund will depend on future economic conditions, investment performance and future taxation.
3. The Trustee of the Superannuation Fund and its administrator specifically disclaim any liability for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator.
4. You should not make any decisions on the information contained herein, without first consulting your financial advisor.
5. The calculation has been prepared based on information supplied by you. Should any of the variables change in the future the projected net retirement balance will also change.
6. Apart from the variables supplied by you to complete this calculation the calculator does not take into account any other information that BUSS(Q) may have about you or your particular circumstances financial needs and objectives and therefore should not be acted on as investment advice.
7. The use of the calculator is not an application to join BUSS(Q). Before acting on any information from this calculator you should obtain a copy of the BUSS(Q) Product Disclosure Statement.