Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

How Much do I require for Retirement?

You're considering your retirement and thinking about whether you will have enough cash to live the life you desire.

Or maybe you're more worried about not having sufficient cash to even live the life you don't desire!

What are many Australians asking concerning their superannuation is just how much super money will suffice during retirement?

The retirement lump sum amounts recommended by various organizations may differ because of the presumptions utilized when calculating the lump sum on a set of annual earnings. A few of the presumptions that may vary include: • Rate of financial investment return
• fees
• taxes.
• Rate of inflation (expense of living).
• Amount of Age Pension privileges (if any).
• The length of time the lump sum was supposed to be applicable (your anticipated lifespan).
• What time you decide to retire.

Now, about your concern: Who’s right? Well, it always depends upon the situation. I think the answers that utilizes proper assumptions may be right.

When the experts provide retirement lump sum quantities on this for how much money is enough, they normally use the following assumptions: • Bachelor, or a couple, who own their home on retirement.
• Savings continue to be in the superannuation system.
• Financial investment returns of 7% after charges and taxes (although we also supply lump sums based on 5% after costs and taxes).
• Allowing for the inflation of 3%, so the annual earnings are indexed 3% each year but continue to be the very same amount in today's dollars.
• Retiring at the Age Pension age, generally at age 65 but can be approximately age 67, sometime even retiring at age 70 (for those who enjoy their work, or have to work).
• Life expectancy of a 65-year old woman (22 years), so has the cash last until 87. We also supply lump sum amounts if you want the money to last up until 100.
• Personal possessions (omitting investments and home) are $25,000.
• There’s no lump sum that’s spent within the 1st year of retirement.

Experts use an easily and readily available, and complimentary calculator, so you can alter any of the assumptions that others utilize that do not fit your conditions. Keep in mind that experts do not use the default presumptions on the calculator. The federal government supplies the calculators they use via the ASIC MoneySmart website (retirement organizer and account-based pension calculator).

Uncertainty can lead to stress, and doing some research study can typically get rid many of your worries even if your financial situation is not as significant as you hoped it to be. Learn more of your situation and how you will be able to prepare for retirement by reading our super articles at www.australiansuperfinder.com.au

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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