Small changes at any age can make a big difference in retirement. Securing a more comfortable future might be easier than you think.
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This video contains general information only and doesn’t consider your financial situation or needs. You should review your personal circumstances before making any financial decisions. Read the relevant PDS and TMD to ensure Media Super is right for you.
The figure showing what a comfortable retirement costs is based on half of a couple’s comfortable retirement income according to the ASFA Retirement Standard at March 2023 – visit superannuation.asn.au. The estimated retirement income amounts are based on output from the Media Super RIE calculator. Calculations for the $0, $10, $20 and $50 additional contribution per week are based on assumptions including but not limited to: Person and their partner both aged 25, a starting balance of $8,000, over 42 years, with an income of $60,000 a year before tax and Superannuation Guarantee contributions at 11%. Other assumptions are built into the calculator and can be found under the Settings tab of the calculator.
The results shown are estimates only and are not guaranteed and should not be relied upon as a true representation of any actual superannuation contributions, retirement benefit or taxation as your circumstances or tax and other rules can change. The default investment returns assumed in the calculation are based on the expected long term average returns for the default investment options - Growth (MySuper) over the accumulation phase and Conservative Growth over the draw down phase. It is not a guaranteed rate of return. Administration fees and costs of $78 per year, plus 0.19% of the account balance per year have also been assumed in the calculation. Figures are correct as at 7 August 2023.
Past performance is not a reliable indicator of future performance.
United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 offering Media Super products (Media Super). The information on this website is general in nature and does not take into account your personal objectives, situation or needs. Before making a decision about joining Media Super, you should consider your own requirements and read the relevant Product Disclosure Statement and Target Market Determination.
