Good news
Based upon the details you have entered, your projected super at retirement has increased by $136,484. That’s an increase of 36% to your payout.
Why has my super increased?
Under The Federal Government’s proposed superannuation changes, guaranteed contributions to your super would gradually increase from 9 per cent to 12 per cent between 2013 to 2019. There would also be a new tax break for low income earners of up to $500 per annum. These measures would significantly increase the future retirement incomes for many Australian workers. An expected 8.4 million workers would benefit from one or both of these measures.
For many years industry SuperFunds have advocated for these changes to improve workers’ super. The proposed changes would set superannuation up for the future and make it much easier to meet your retirement income goals. Many of the proposed changes are part of the broader tax reforms recently announced by the Federal Government.
How you benefit
At retirement you would get an additional
$136,484
Your super would increase
36%
| Estimated super payout under current policy |
$136,484 |
| Estimated additional super payout with super increase to 12% |
$xx |
| Additional super from Low Income Tax Rebate |
$xx |
| Estimated additional super under proposed policy |
$xx |
| Estimated super payout under proposed policy |
$xx |
Please note that this calculator only demonstrates the impact of proposed changes to compulsory SG contributions and does not include the impact of additional or voluntary contributions. These figures are projected using average fees and standardised performance returns for a sample of 16 Industry SuperFunds and are not predictions or estimates of actual outcomes.
