For many people, employer super contributions won't be enough to fund a comfortable retirement. Super boost is designed to help you see how increasing your regular super contributions could help you achieve a brighter future.
This straightforward tool lets you see how personally contributing a small percentage of your income into super now, can boost your balance at retirement. Click on the 'Continue' button below to get started!
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Now that you've seen how much you could save with extra contributions, consider your next steps!
Find out how adding a little extra to your super could make a difference in retirement
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If you're having trouble understanding your super, or how to contribute extra, we're here to help.
Contact usThis Calculator provides an illustration of additional superannuation contributions on your superannuation balance.
This calculator carries out calculations based on the data you input and assumptions about the future such as inflation rates and investment returns. None of us can predict the future, so please remember that the results shown by the calculator are for illustration purposes only and do not guarantee any future outcome or entitlement. Your actual account balance at retirement is likely to differ from the estimated figures shown.
The projections shown in this Calculator are intended as a guide only, based on the information you input, and should not be used in isolation to make financial decisions. The calculator is not intended to provide a recommendation in relation to a financial product or interest in a financial product. The calculator is not intended to be relied upon as a substitute for professional financial advice. You should consider the relevant product disclosure statement for the relevant financial product to determine if the product is suitable for you.
This Calculator has been prepared Gallagher. To the extent of law, neither the provider of the calculator, Vision Super Ltd, its service providers or any related bodies accept any liability for any omissions, errors or inaccuracies in the results generated by the calculator or the use of these results.
Assumptions can be edited on the 'Edit assumptions tab'.
Savings are assumed to be added as regular, before-tax monthly contributions into a superannuation account.
Any contribution limits relating to a specific superannuation account are ignored. The calculator assumes all contributions can be saved without additional tax or fees. If your contribution is less than 1% of your current salary the slider will default to 1%.
The calculator assumes a future inflation rate of 2.5%.
It assumes that your future salary will increase by 3.7% a year.
This calculator estimates earnings on your account based on assumed rates of investment return.
The assumed rate of investment return depends on the investment option you have selected. The Low, Medium and High options represent investment strategies with differing risk return profiles. For example, the investment strategy for the Low option is assumed to be more conservative than the Medium or High options, which is reflected in a lower assumed return.
The investment return assumptions for the Low, Medium and High options reflect the investment strategies underlying Vision Super’s Conservative, Balanced Growth and Growth investment options. The assumed rates of investment return are calculated based on the strategic asset allocation for these options and return assumptions for each asset class.
The assumed rates of investment return are net of investment costs and taxes. For the period after Retirement age you have selected, your balance is assumed to be invested in a pension account, where earnings are tax free.
| Investment option | Accumulation phase | Pension phase) |
|---|---|---|
| Low | 3.5% | 4.2% |
| Medium | 4.9% | 5.6% |
| High | 5.4% | 6.1% |
Fees and insurance premiums are assumed to be as follows:
| Administration fee | Accumulation phase | $78 pa Plus 0.14% pa of your account balance (capped at $540) |
| Contribution fee | Nil | |
Fees are assumed to be tax-deductible in the fund. Other fees and insurance premiums are deducted continuously.
The calculator assumes that default death, total and permanent disability (TPD) and income protection insurance cover is held and the premiums are in accordance with our insurance premium tables, effective from 1 January 2023. Refer to the Insurance Guide for details of the premiums.
Dollar fees and insurance premiums are assumed to increase in line with the assumed level of general wage inflation. Other fees are assumed to remain constant in percentage terms over the projection period.
Last updated: Sept 2024
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