To achieve the retirement lifestyle you need or desire you must plan. ACSRF are partnering
you in these plans and want to ensure you are on track for the realisation of your
goals.
- Are you contributing enough to super?
- Will you meet your retirement goals or do you need to contribute more?
- What difference would extra contributions make to the end balance?
- What is the optimum method of making salary sacrifice super contributions for someone
on your income level—pre-tax, post-tax or a mix?
- If you increased your salary sacrifice amount what would be the effect on your take
home pay?
- Are you subject to an Enterprise Agreement where your employer adds extra super
if you contribute? Just adjust the employer contribution section on the calculator.
- The calculators assume that the retirement age is equal to or greater than 60. Retirement
prior to this age may have tax implications. You should seek financial advice if
you are retiring before age 60.
ACSRF have developed a number of new calculators to answer these questions and more.
Voluntary contributions to super do make a difference and our calculators will show
you just how much. Vary the contribution levels and see the effects. Our calculators
can also factor in the effect of any government co-contribution entitlements for
making after tax contributions to super!
Try the following calculators to explore possible scenarios and be better informed
about your super, before it is too late!
The following calculators use certain assumptions and are intended to provide estimates
only. They were not designed to provide any recommendations. You should consider
your objectives, financial situation and needs and consult your financial adviser,
before relying on any calculator result. SCS Super Pty Ltd is not liable to any
person for any loss suffered in reliance on any calculator result.
Salary sacrifice calculator
[Click
here] to open calculator.
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Our 'Salary Sacrifice calculator' helps you to compare the effect on take home pay
and super contributions by making personal super contributions using two different
methods ie as a salary sacrifice contribution or as an after-tax contribution.
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Super and pension calculator
[Click
here] to open calculator.
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Our 'Super and pension calculator' helps you to determine what your targeted superannuation
savings needs to be (in today's dollars) to support a certain level of continuing
allocated pension income in retirement, and whether your current balance and contributions
are on track to meet this target. You are also able to adjust your personal contribution
amount and your expected investment return to see what impact this might have on
reaching your target.
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Super and retirement calculator
[Click
here] to open calculator.
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Our 'Super and retirement calculator' helps you to determine what your targeted
superannuation savings needs to be (in today's dollars) to support a certain level
of continuing income in retirement, and whether your current balance and contributions
are on track to meet this target. You are also able to adjust your personal contribution
amount and your expected investment return to see what impact this might have on
reaching your target.
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ACSRF budget planner
[Click here]
to open calculator.
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The ACSRF budget planner will assist you to better understand how to manage your
money. Do you always wonder where your money goes or never have enough for those
things you would like to spend it on? You don't need to complete all the fields
but rather enter information in as many fields as are relevant to your situation.
Once finished, you can keep a permanent record of your income and expenses by printing
your summary or saving it on your own computer.
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Risk Profile Calculator
[Click here]
to open calculator.
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Making the investment choice that is most appropriate for you depends
on factors including your experience, investment time frame and the level of risk
you are prepared to accept. A Risk profiler can help you to determine your investor
‘personality’, however it will only be a guide and may not accurately reflect your
comfort zone or individual circumstances. The quiz only takes a few minutes and
there is no right or wrong answer. If after using the risk profiler you find you
require more assistance in making or confirming your investment choices, you may
contact the ACSRF’s Financial Planning Department on 1300 658 776 to make an appointment.
Disclaimer: The information provided through the use of this Risk Profile calculator
is of a general nature and does not take into account your personal circumstances.
It should not be relied upon to constitute a recommendation or statement of where
you should be invested. Before making investment decisions you should consider your
financial requirements including your investment time frame and attitude to risk,
ACSRF’s Product Disclosure Statement and if necessary consult a licensed financial adviser
for further assistance. ACSRF does not accept any liability, either direct or indirect,
arising from any person relying on information shown in, derived from or omitted
from the Risk Profile Calculator.
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Insurance
[Click
here] to open calculator.
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ACSRF offers insurance cover through your super that provides a lump sum in the event
that you die or become Totally and Permanently Disabled (TPD) as a result of illness
or accident. ACSRF also offer Temporary Salary Continuance cover (TSC) which can
pay up to 75% of your salary for a period up to 2 years (after a 90 day waiting
period) if you were deemed to be unable to work due to illness or accident. For
information on your existing insurance cover please refer to your statement in conjunction
with the insurance information available on the website.
This calculator aims to help you to identify any gaps which may exist if your current
insurance is inadequate. If you would like more personalized advice on your insurance
requirements, ACSRF offers a financial planning facility on a fee for service basis
where certain fees can be deducted from your super account.
You can choose to use this calculator to estimate the lump sum you would need to
extinguish either your own share of the family’s debt or the entire amount of the
family’s debts. You can also choose to determine whether, in addition to extinguishing
debts, you want your family to maintain their current lifestyle in the event you
were to die or be unable to contribute to the family’s income due to permanent disability.
The ideal situation may be to repay all debt and have the family continue their
current lifestyle. For this to occur your income earning capacity would need to
be factored into the calculations until your planned retirement age, which the calculator
assumes is 65 years. To achieve this, you could input an estimate of some or all
of your after tax income, depending on how much will be needed to maintain your
family’s lifestyle.
Although the resultant insurance cover projections may be the ideal, you might not
qualify for all the extra cover required. Or it could be unaffordable and trade-
offs may need to be made. For example you might decide that simple debt replacement
is required, in which case you would state your share of future income requirements
to be $0 per year.
You will also note in using the calculator, that there is an assumption that you
may need the estimated insurance cover until age 65. Circumstances do change and
insurance requirements do need regular review e.g. with advancing age and reduced
commitments less insurance cover may be needed.
Note: 'In the rare event that the calculator arrives at a negative amount as the
estimated insurance you require, this is to be read as an amount of overinsurance.
Based on the figures you have entered you currently have more than the required
amount of insurance cover. The calculator shows the amount that you are potentially
over insured for. You may want to check your figures again to ensure this is correct.’
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