ACCOUNT BALANCE

When we refer to you "taking your super" we mean your Account Balance ('your account') which consists of a preserved and non-preserved component. A preserved component means that this money cannot generally be accessed until you reach retirement age, are permanently disabled, or die. A non-preserved component however, is able to be accessed by you at any time.

Your account is subject to tax on the gross cash amount shown in your estimated Account Balance ('your benefit') and is subject to the tax being deducted from your benefit had it been paid to you on the date of the calculation. Where we do not have your Tax File Number (TFN), the tax amount shown assumes that tax will be deducted at the highest marginal tax rate. By rolling over your super entitlements when leaving your employer, the payment of tax is deferred until you receive your benefit.

The estimate of your benefit provided on this website does not describe all of the conditions affecting your benefit and its availability. Your benefit will be determined in accordance with the Trust Deed, trustee determinations and Government regulations. Your benefit is an estimate; the Trustee does not guarantee you will receive this particular amount as it is subject to market movement. Therefore it should be considered in conjunction with the information contained in the Product Disclosure Statement and other documents sent to you.

If you are a defined benefit member and have recently ceased employment or elected Choice of Fund, the quotations provided on this website may not accurately reflect your benefit if notice of your cessation of employment or the effective date of your Choice of Fund has not yet been received from your employer and fully processed by us.

Your benefit is based on information available to the trustee at the time the calculation has been processed. At the time of payment, your benefit may be:

Subject to other deductions due but not yet posted to your member account balance.
Subject to the unit prices available (in your accumulation account) at the time your benefit is processed by the administrator.
Altered in respect of the tax-free and taxable components of your benefit, as these are estimates based on information available at the time of this calculation. As such, this information could be subject to change and therefore the amounts estimated could vary.
Altered if you have requested an investment switch which has not been processed, as the pending transaction will affect the estimate of your benefit.

While all reasonable efforts have been made to ensure the information contained in the estimate of your benefit is correct, the Trustee reserves the right to correct any error or omission. You should not enter any commitments based solely on the estimate of your benefit.

If any of your personal details are incorrect, the estimate of your benefit may be affected. If you require further information or a confirmation of the estimate of your benefit, please contact us.

RETIREMENT ESTIMATE

Your retirement estimate illustrates the effect of variable factors such as superannuation contributions, investment returns and retirement income on how much super you may have at retirement and how long it may last you.

The estimate cannot take into future account changes in your personal circumstances, actual future investment returns, inflation or future changes to the Age Pension and tax regulations.

The estimate uses default assumptions about future investment returns. These are considered reasonable at the current date based on long-term economic modelling (by Mercer Investment Consulting). You can modify these assumptions.

If you choose a partnered estimate, the amount shown represents your component of retirement savings and income only. You will receive half the couple Age pension entitlement, assuming your partner is the same age and has the same amount of super as you.

The estimate is shown in today's dollar values. The amounts provided in today's dollars have been calculated by deflating the projected dollar amounts using prescribed rates of wage inflation (3.7% p.a.) before retirement and price inflation (2.5% p.a.) for the retirement phase, as required by ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603. You can modify the rate of price inflation, but the rate of wage inflation remains 1.2% p.a. higher.

The estimate also calculates how many years your super may last in retirement up to a maximum age of 105, and shows an adequacy percentage by comparing your projected balance against a benchmark amount. The benchmark amount is the super balance at retirement age that would provide 25 years of retirement income at the desired income level, assuming a 6% p.a. net investment return.

This estimate has been designed for Australian conditions only and does not consider your personal objectives or your personal financial situation. The estimate cannot determine your final super benefit or income and the projections shown are intended as a guide only, based on the information you input. You should not rely on the estimate in isolation to make any decisions about your super or any other financial product. Before making a decision you should consider seeking advice from a licensed financial adviser.

The words 'a comfortable retirement' have the same meaning as the ASFA Retirement Standards. What you consider to be a comfortable retirement for you may be higher or lower than the comfortable retirement amount in the ASFA Retirement Standards.

You agree that Mercer (and its related entities) can use any information you have provided in using the estimates (and any illustrations produced for you by the estimate) for marketing, research and improving customer experience. You can opt-out of any marketing and general communications by logging in to your personal details page and updating your preferences.

Other than as required under consumer protection law, under no circumstances will Togethr Trustees Pty Ltd, Mercer and its related entities be liable for any loss or damage caused by your reliance on information obtained from using this estimate.

More Information

The Retirement Income Simulator contains more information about the methodology and assumptions used in the estimate. Click below to access more information in the Simulator.

More information

Retirement Estimate Scope/disclaimer

Any advice contained in this retirement estimate is of a general nature only, and does not consider the personal needs and circumstances of any individual. Prior to acting on any information contained in this retirement estimate, you need to consider your own financial circumstances, consider the Product Disclosure Statement for any product you are considering, and seek professional advice from a licensed, or appropriately authorised, financial adviser if you are unsure of what action to take. Past performance should not be relied upon as an indicator of future performance. Forecasts are not guaranteed to occur. This information has been received in good faith from sources within the market and on our understanding of legislation and government press releases at the date of publication which we believe to be reliable and accurate.

This retirement estimate is not intended as an advertisement for any product issued by Togethr Trustees Pty Ltd, Mercer or any of its related entities.