About your benefits
As a defined benefit member of the Plan, your benefits are based on a formula that combines your superannuation salary or Final Average Salary with your years of membership. You are also able to make voluntary member contributions to increase your membership.
For further information on how your benefits are calculated, please refer to the member booklet on the Documents page or contact the Plan Helpline on 1300 424 676.
Salary
Your annual salary before tax and any reduction for personal or salary sacrifice contributions. The default value of Salary has been estimated based on your employer contributions.
Desired Income in Retirement P.A.
This is the total income you would like to live on in retirement, in today’s dollars. The calculation assumes this will be indexed at 2.5% p.a. in retirement. The default value is set to the ASFA Comfortable level for singles. If you are partnered, enter half of what you will need as a couple.
Retire at Age
The default retirement age is the greater of 67 and your next age.
Partnered
You can indicate your expected partner status at retirement
Homeowner
You can indicate your expected homeowner status at retirement
Self-Employed
Indicate here whether you are self-employed. If you are self-employed, the calculation will assume you do not receive employer contributions
Strategy
Indicate your investment strategy here. If you invest in multiple options, or your option is not listed, select the one closest to your overall portfolio. You can view the default returns for the different options by clicking through to Important information and More information.
Employer Contributions
Set your employer contribution rate here. For most people this will be the current Super Guarantee rate
Salary Sacrifice Contribution P.A.
The annual amount of salary sacrifice contributions you make (if applicable). Salary sacrifice contributions are contributions made from your pre-tax salary. Note that salary sacrifice contributions include any contributions for which a tax deduction is claimed. The estimate assumes this will increase at the same rate as your salary. Remember both employer contributions and salary sacrifice contributions count towards your concessional contributions cap.
After Tax Contribution P.A.
The annual level of after-tax contributions you pay. The estimate assumes these will increase at the same rate as your salary.
One Off Contribution / Rollover Now
This refers to a one-time after-tax contribution or rollover you expect to make. If you have super outside of this account, you can include it here.
Adjust Default Returns By
Use this slider to increase or decrease the default investment return if you anticipate it may be different from the long-term return for the selected option.
Asset Based Fee
Asset-based fees are the fees that are expressed as an annual percentage of your super balance. The default value is the standard rate for your account, but you may receive an employer-based discount
Insurance Fee
The default value is based on your current annual insurance premium. The estimate will deduct this amount from your super each year until you retire.
Admin Fee
The default value is your current standard dollar admin fee. The estimate will deduct this amount from your super each year until you retire.
Inflation (CPI)
This is the rate of future price inflation relevant to the area you work and transact. The default value of 2.5% p.a. has been set by ASIC.
Retirement Estimate
Super disclaimer content:
The estimate shown here is based on the following information about you:
- Your age
- Your account balance
- An estimate of your salary based on employer contributions
- Your current insurance premium
- The administration fees payable on your account
It also includes assumptions about:
- Investment earnings and fees on your super
- Inflation
- Employer contributions at the SG rate
- No voluntary contributions
- Your partner and homeowner status
- Your desired retirement income
You can view and change these assumptions, but any updates will not affect your account or appear on your Dashboard.
This estimate does not consider your personal objectives, financial situation or needs. For personal financial advice, please contact us to speak to a financial adviser.
Changing Jobs
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Are you on Track?
How are you tracking towards retirement and will you have enough to live the retirement you want?
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Find other super
Perform a search with the ATO to see if you have super elsewhere, then consolidate it to your IAG & NRMA Super Plan account.
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