Retirement Goal disclaimer
This calculator is designed to re-calculate the overall performance of a retirement strategy based on the desired retirement goal. It is important to remember the amounts projected are illustrations only and the actual results are not guaranteed in any way. The actual future benefit amounts will vary depending on the actual contributions, investment returns, fees, insurance costs, your assets outside super and other external factors (such as tax and inflation).
It is recommended that you regularly update your projections. The calculator should not be relied on for making a decision about a particular product and we recommend you consider the personalised financial advice provided by an Adviser before making financial decisions.
This intuitive concession and non-concessional calculator takes this process to a new level by not only providing the answer to the question but by continually re-calculating across a broad range of datasets to create the right contribution strategy for the desired outcome.
The results of this calculator are based on various underlying assumptions and limitations.
The basic assumptions are determined by the pre-selected forecast module which is displayed on the forecast page.
In addition to this the calculator also considers stored
- cost of living expenses,
- CPI rates,
- income,
- contributions,
- type of contributions, (concessional/non-concessional)
- desired retirement date,
- desired retirement amount,
- income longevity,
- difference at retirement,
- date of birth,
- automated Net fund unit pricing (excludes Adviser fees)
- difference of amount in income years.
Summary: The summary details the following: Planned Date of Retirement, Your Retirement Goal, Overall Retirement Strategy Forecast, Super Fund Account Balance, SGL Contributions to date, Concessional Contributions to-date, Non-concessional Contributions to-date
Super Fund Account Balance is the balance of Super Funds held within Super or Investments.
Overall Retirement Strategy Forecast is the combined forecast value of all Super Fund balances and Investments used as part of a Retirement Strategy
Contribution calculator: This superannuation calculator can show you the difference between making salary sacrifice and personal after tax contributions. It looks at the impact on the Federal Government's co-contribution and on the take home pay to see if the client can actually afford the strategy.
Built-in ‘What-If’ calculator for use within advance strategy mode
Contribution limit monitoring: This calculator will monitor the level of contributions made by a user based on the initial client data. This system assumes regulator contributions for monitoring purposes. This may not reflect the actual position of contribution made.
Automated Contribution Strategy alteration: This calculator has the ability to automatically create a new contribution strategy to assist a user reach the preferred retirement goal. It achieves this by referencing stored cost of living data of a client to ascertain if a user has the financial capacity to take part in a new contribution strategy so as to remain on target for the retirement goal. This may not reflect the actual position of the user to actually alter the contribution.
Forecast method: The method of forecasting is based on a range of options pre-selected by the user. Caution - Use of Fund Performance Data: if the user selects REAL-TIME fund performance and the performance of the fund has been negative for the period selected, then the calculator will assume that this rate of return shall be the rate to forecast the likelihood of reaching the retirement goal. Past performance is not a reliable indication of future performance.
Notification mode: This APP will notify the user if based on the pre-selected format by calculating the likelihood that the retirement goal would be achieved, this is deemed to be a Record of Advice notice and is stored within the history file of a user.
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