This calculator helps you work out what your superannuation balance may be at retirement including how before tax and after tax contributions may affects the outcome.

Note: Warnings, disclaimers and assumptions are listed below the calculator.

Retirement Balance Projector

  1. Step 1. My Details
  2. Step 2. My Projection
  3. Step 3. Take Action

My information

The Superannuation Guarantee Charge (SGC) requires all employers to provide a set, minimum level of superannuation each year for each employee. The minimum amount is 9.5%. This rate will rise incrementally until 1 July 2025 where it will be 12%. You may have a different arrangement with your employer who may pay more than the minimum. You should check with your employer to find out what rate of SGC they are paying you.

My contributions

 
 
 
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Start contributing today

You selected the after tax contribution option.

To make a contribution, pay via BPay. You’ll find your personal BPay details on the Dashboard of your online account. Register or log in now.

Register or log in now

If you’re a low- to middle-income earner and you contribute to your super with your take-home pay, you may be eligible for a Government co-contribution of up to $500 (once you submit your tax return).

Note: The calculator is not a substitute for financial advice. You should consider getting advice from a licensed financial adviser who can work with you to develop a financial plan specifically tailored to your objectives, financial situation or needs.

Start contributing today

You selected the before tax contribution option.

Salary sacrifice – You can ask your payroll officer to pay more of your before-tax salary into your Energy Super account so that you may pay less tax.

Note: The calculator is not a substitute for financial advice. You should consider getting advice from a licensed financial adviser who can work with you to develop a financial plan specifically tailored to your objectives, financial situation or needs.

Start contributing today

You selected a mix of before and after-tax contribution options.

Before tax

Salary sacrifice - You can ask your payroll officer to pay more of your before-tax salary into your Energy Super account so that you may pay less tax.

After tax

To make a contribution, pay via BPay. You’ll find your personal BPay details on the Dashboard of your online account. Register or log in now.

Register or log in now

  • Fixed Assumptions

    This tool does not take into consideration aged pension entitlements which may have a significant impact on your retirement outcome

    This calculator works for accumulation funds only. It will not work for defined benefit funds.

    This calculator does not allow self-employed people to project their retirement balance.

    The outcome relies on the following fixed assumptions and settings which cannot be changed:

    • Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually, insurance premiums being charged annually and your investment returns being credited to your account annually
    • We assume that your super is invested in a balanced option. Investment returns can be adjusted above.
    • Superannuation Guarantee Contribution is currently 9.5% and then increases to 12% as per current legislation
    • The LISTO applies from 1 July 2017
    • Medicare applies
    • Contribution tax of 15% is assumed
    • No contribution fee payable
    • No tax is payable on fees
    • We assume that insurance premiums are tax deductible within super
    • We assume that you have provided your Tax File Number to your superannuation fund
    • All amounts are in today's dollars which means they are adjusted for inflation
    • We assume that inflation is 2.5% each year due to the rising cost of living. You can adjust that rate above. Employer and voluntary contributions, fees and the concessional contribution cap increase with inflation.
    • We assume that you will satisfy the Work test at older ages and so are able to contribute
    • Life expectancy is based on The Australian Life Tables which are produced by the Australian Government Actuary
    • We assume that you qualify for the Government co-contributions if you make after tax contributions and the total income used to determine if you qualify for any co-contributions is equal to your annual salary before tax and are below the income limit
    • We assume that when you exceed the concessional contributions cap ($25,000 in 2017/18), you pay contributions tax according to your adjusted taxable income on any additional superannuation contributions

  • Warnings and disclaimers

    Purpose and assumptions

    This calculator generates information illustrating how early additional contributions to your superannuation could make a difference to your balance at retirement. This is based on certain assumptions.

    Limitations

    Your retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account.

    Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually and your investment returns being credited to your account annually.

    This is a Model, not a Prediction

    The tool is not intended to be relied upon for the purposes of making a financial decision. Consider a fund’s PDS and your objectives, financial situation and needs, which are not accounted for in this information before making an investment decision.

    You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.

    By using this calculator you acknowledge that you have read and understand our Privacy Statement and Privacy Policy. Please read these documents for information on how we collect and handle your personal information.

Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439, AFSL 336567) is the Trustee for Energy Super (ABN 33 761 363 685). Energy Super is an authorised MySuper product provider (Product Number 33 761 363 685 380). USI: 33 761 363 685 001

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