Are your super savings on track?
If you’re not sure you’ll have enough super savings to retire comfortably, take a minute (literally) to check out Suncorp’s Retirement Simulator.
Suncorp’s recent Attitudes to Super* survey showed that more than half (58%) of Australians are becoming increasingly concerned that their super won’t be enough to fund their retirement.
If this sounds like you, the best way to put your mind at ease is to get some answers, and find out if you’re on track for a comfortable retirement.
The good news is there’s now a fast and easy way to do it.
Suncorp’s new Retirement Simulator lets you:
- See how much super you’re likely to accumulate (as a single or a couple)
- See the impact of making changes to your savings strategy
- Explore the effects of different investment market returns
- See how much Age Pension you might qualify for
This gives you loads of valuable information. But it gets even better.
If you find that your current rate of contributions won’t be adequate for a comfortable lifestyle^, the simulator lets you adjust your options to see how you can make up the shortfall.
For example, you may be able to salary sacrifice an additional amount into your super each year. Or you could make some contributions from your non-super savings – helping your money grow more tax-effectively in the superannuation environment.
Of course, an online simulator is no substitute for personal advice from a professional financial planner. But it can give you a better idea of how you’re tracking, and tell you whether you need to do more to reach your retirement savings goal.
Click here to try out Suncorp’s Retirement Simulator. And if you’d like to discuss strategies to boost your super, talk to your financial adviser or give us a call.
*Suncorp Life ‘Attitudes to Super in Australia’ 2012
^Based on the ASFA Retirement Standard
This calculator is only intended to be a general illustration. It cannot, and does not try to, predict any particular person’s final retirement benefit. Invested benefits can be affected by sudden changes to your individual circumstances, legislation, investment earnings, tax and inflation. You should not rely on this tool when making decisions about a particular superannuation fund or strategy. We recommend you obtain financial advice specific to your situation.
This information is current as at 1 March 2013 and may be subject to change. It has been prepared without taking into account a person’s objectives, financial situation or needs. For that reason, before acting on this information, a person should consider its appropriateness having regard to their own objectives, financial situation and needs. Where the information relates to the acquisition, or possible acquisition, of a particular product, a person should read and consider the relevant Product Disclosure Statement (PDS) in deciding whether to acquire, or continue to hold, the products.
Suncorp Everyday Super is provided by Suncorp Portfolio Services Limited ABN 61 063 427 958 (Trustee). Suncorp-Metway Ltd ABN 66 010 831 722 (Suncorp Bank) is not liable or responsible for, and does not guarantee or otherwise support, Suncorp Everyday Super accounts. Suncorp Everyday Super accounts are not a bank deposit product.