The page may be down for scheduled maintenance or the servers are having trouble communicating.
It’s a temporary problem and we’re working to fix it. We apologise for any inconvenience.
If you need the information urgently, call us on {PhoneNumber}.
Your Retirement Profile
Your Account Balance
$
YOUR ACCOUNT BALANCE CONSISTS OF:
$
If you take your super today
$
Preserved Amount
(can be accessed at retirement)
$
Non Preserved Amount
Your non preserved component consists of
$
Tax Free Amount
$
Taxable Amount
We Estimate
$
In {} you will have
Retiring now with
Centrelink pension p.a.
$
income P.A.
of retirement income
{}
of what you need
Benefit Estimate Disclaimer
If using this estimate for a withdrawal, please note that in order to calculate your withdrawal amount, we will use the interest rate available at the time we process the withdrawal. The interest rates used when paying your withdrawal benefit will be those available at the time of your withdrawal benefit is processed. Payments may take up to five business days to process from when we receive the required withdrawal form. In some circumstances, withdrawals will take longer to process if your withdrawal form is not fully complete or your withdrawal requires additional approval. The interest rates can change i.e. these can go down or up. This means that if you are making a full withdrawal the total amount you receive may vary from any earlier balance estimate provided. At the time of the withdrawal you may have had other deductions processed to your account balance, such as for tax and fees. The interest rates can be accessed on the public website.
While all reasonable efforts have been made to ensure the information contained in this estimate is correct, the scheme reserves the right to correct any error or omission. You should not enter any commitments based solely on the information contained in this estimate.
If you require further information about your account please contact us.
More Information- Retirement Projections
The estimates of your retirement balance, how much income you may need, and how long it may last, are not guaranteed, they are intended to help you consider whether you are on track to meet your savings goals. Your circumstances may be different to those reflected in the estimate. The estimates do not consider your personal objectives, financial situation (including other sources of income you may have) or needs. You should consider these matters and seek advice from a financial adviser before making any decisions concerning your retirement savings or making other investment decisions.
The figures are based on your age and period to retirement (in whole years), your current balance, and a number of default assumptions, which you can see by clicking on your Account Balance page. (Although you can alter the default assumptions on your account balance page, the Dashboard figures will not change). Because you are able to make changes to the default assumptions and include details specific to you, this projected balance may vary to that on your annual member statement (if applicable).
We have used the New Zealand Retirement Expenditure Guidelines (“the Guidelines”) published by the Massey Fin Ed Centre to inform the estimate of what income you may need in retirement. The Guidelines estimate the savings required to fund the gap between what you might spend in retirement, and the NZ Super you may receive.
The Guidelines do not represent a recommended level of spending in retirement, but reflect actual levels of expenditure in retired households (defined as being where one form of income is from NZ Super, a war pension or other government pension) based on results reported in the Statistics New Zealand’s 2018/19 Household Economic Survey.
Mercer has used the Guidelines’ “Metro” budget (based on data for the Auckland and Wellington Regional Council areas and Christchurch City) and assumed a one-person household, to provide an estimate of a comfortable retirement annual income. We have adopted a position between the “Choices” and No Frills” budget, and used a benchmark of an annual retirement income of $52,000 per annum. For more information on the Guidelines, you can read the complete report which is available under the cost of living in retirement section here.
YOUR ACCOUNT BALANCE CONSISTS OF:
$
If you take your super today
$
Preserved Amount
(can be accessed at retirement)
$
Non Preserved Amount
Your non preserved component consists of
$
Tax Free Amount
$
Taxable Amount
Get the Right Advice
For further information on how your benefits are calculated, please refer to the member booklet on the Documents page or contact {DefinedBenefitHelpline}.
This area contains the data and assumptions used in your retirement estimate. You can change the inputs on the controls below, and click Update to see the results.
Your Retirement Estimate Is Based On
Salary
:
Default -
Salary
Your annual salary before tax and any reduction for personal contributions.
Desired Income In Retirement P.A.
:
Default -
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 with price inflation in retirement. The default value is set to the level for singles. If you are partnered, enter half of what you will need as a couple.
You can further customise your retirement estimate with the input sliders below. Click Update to refresh your estimate.
I Am Partnered
YesNo
I Am Partnered
You can indicate your expected partner status at retirement.
Are you self employed?
YesNo
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
:
Default -
Strategy
Indicate your investment strategy here.
Employer Contributions (%)
:
Default -
Employer Contributions
Set your employer contribution rate before tax here.
Member Contributions (%)
:
Default -
Member Contribution
This is the rate of contributions you make(if applicable).
One-Off Contribution
:
Default -
One Off Contribution
This refers to a one-time after-tax contribution you expect to make. If you have savings outside of this account, you can include it here.
Adjust Default Returns By
:
Default -
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.
Inflation(CPI)
:
Default -
Inflation (CPI)
This is the rate of future price inflation relevant to the area you work and transact.