Given the calculator's purpose is to generate general illustrations and not accurate predictions, we think it is reasonable for the calculator to simplify reality. This calculator is not intended to be relied upon when making financial decisions. Click here for more information. As these assumptions will be the same for any calculation, when you change a variable the result will be a reasonable illustration of the impact of that particular variable change. We have received actuarial advice that the assumptions are appropriate. Investment Earnings: The calculator assumes the following rates of investment earnings and tax for each investment strategy. In each case, your eligibility is assessed by comparing your calculated assessable income amount plus salary sacrifice contributions in the relevant year to the estimated co-contribution thresholds in that year, and applying the standard rules for calculating the co-contribution. All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. In this article you can discover the top 10 performing Conservative super funds over 1 year and 10 years to 30 June 2020. Conservative investment options may appeal to people who want a significant portion of their money in defensive assets for greater certainty. Learn More{{/message}}, {{#message}}{{{message}}}{{/message}}{{^message}}It appears your submission was successful. A PDS for VISSF funds can be obtained here or by calling 1300 660 027. You are assumed to be an Australian resident for taxation purposes. It is assumed that the minimum drawdown is taken from the pension balance. SuperGuide does not verify the information provided within comments from readers. The assumed earning rates are based on the expectation of asset consultants of the long-term future return on the assets in which each option is invested. The Victorian Independent Schools Superannuation Fund: VISSF Balanced Option: 109: 69087619412: Victorian Superannuation Fund: Growth (MySuper) 110: 50082924561: Local Authorities Superannuation Fund: Vision MySuper: 111: 64066797162: WA Local Government Superannuation Plan: MyWASuper: 112: 30080106832: Water Corporation Superannuation Plan : Growth Option: 113: 77000049472: … You should consider whether any information on SuperGuide is appropriate to you before acting on it. Choice of Fund Form - School Council employees paid on the School Local Payroll Employees are to update via Employee Self Service (ESS). Investment options with a 21–40% allocation to growth assets are termed Conservative by Chant West, a research company that has been analysing super fund performance for more than 20 years. In each projection year, your entitlement for the Low Income Tax Offset (LITO) is estimated based on your taxable income. Learn more, © Copyright SuperGuide 2009-2020. As these assumptions will be the same for any calculation, when you change a variable the result will be a reasonable illustration of the impact of that particular variable change. Income tax is calculated by applying personal income tax rates plus the Medicare Levy (but not the Medicare Levy Surcharge) to your projected taxable income in each projection year. The figures are based on assumptions and are GENERAL ILLUSTRATIONS ONLY. Other fees and insurance premiums are deducted on a monthly basis. Administration fee in your superannuation account. Find business, government and residential phone numbers, addresses & more on the White Pages® The assumed annual insurance premium deducted from your superannuation account in each projection year. Any co-contribution payable is added to your projected superannuation account on 30 June in the respective projection year. Where a calculated Concessional or Non-concessional contribution amount exceeds the corresponding legislated contribution cap, the contribution is reduced to the applicable cap so that you do not make an excessive contribution. Learn More{{/message}}. Level 17, 181 William Street, MEBOURNE VIC 3000. Use this calculator to project your superannuation savings to retirement, and to estimate your sources of income in retirement. You should consider seeking professional advice before making any decision. Conversely, assets like cash and fixed interest are referred to as defensive assets for their ability to defend against volatility, but generally cannot produce high returns over long periods of time. In the long term, a Conservative-style investment option will generally enjoy more certainty but should not be expected to grow as much as investment options in other risk categories with greater exposure to growth assets. When changing investment strategies, it is assumed that no transaction costs are incurred and that this does not give rise to a capital gains tax event. Time to set some standards. You can see the median returns of all risk categories over a broad range of timeframes here). Here you can see the difference that a Transition Pension could make to how long your super will last. They do not make any allowable for tax on benefit payments. Balanced, Growth, Defensive: What’s in a name? Click the arrow to see the top 10, or continue reading to discover the top 10 performing Conservative investment options over 10 years. Pension Withdrawals: You are assumed to commence an account-based pension at the start of the first projection year, as well as at the time of full retirement. The rates and thresholds used to calculate LITO in the 2020/21 projection year are assumed to be the legislated rates and thresholds as at 20 September 2020. Is it time to change your super investment option? VISSF will arrange for these rates to be reviewed regularly to ensure they remain appropriate for the purposes of this calculator but makes no representation that the assumptions will be reasonable at all times between reviews. and "Apply SG Maximum Superannuation Contribution Base?" These are as follows: General Wage Inflation: By default, wages are assumed to increase by 3.2% p.a. Adjust the sliders to see the effect of each item on your final balance. For more detail, please see the notes below. You’ll have access to more than 500 articles, how-to super guides, checklists, tips, calculators, reckoners and other tools, as well as a monthly newsletter. We recommend that you also read our explanatory article Introduction to SuperGuide’s top 10 performing super fund lists which can help you understand how to compare the different risk categories that super investment options sit within. If your employer's projected contributions in the relevant projection year are below this amount, those contributions are increased to equal your SG entitlement. In each projected year subsequent to 2024/25, the personal income tax brackets (and Medicare Levy thresholds) are assumed to increase in line with the assumed level of general wage inflation, and the personal income tax rates are assumed to remain unchanged. (see ESS Help) Superannuation funds. It’s part of why we’ve been awarded Canstar’s 5-Star Rating for Outstanding Value Superannuation in 2020. Please see the assumptions page for an explanation of how the excess balance is treated in your projection. How to change your investment option: 6 points to check before you switch, How to choose an investment option for your super pension, Risk profiling and your investment choice, Top 10 Balanced super funds ranked by risk and return, Best performing super funds: All Growth category (96–100%), Best performing super funds: High Growth category (81–95%), Best performing super funds: Growth category (61–80%), Best performing super funds: Balanced category (41–60%), Super funds of the year awards: Best super funds for 2020, Top performing sustainable investment funds, Tasplan Superannuation Fund (Tasplan Super), TelstraSuper (Telstra Superannuation Scheme), HESTA (Health Employees Superannuation Trust Australia), Australian Ethical Retail Superannuation Fund, VISSF (The Victorian Independent Schools Superannuation Fund), Cbus (Construction & Building Unions Superannuation), IOOF Portfolio Service Superannuation Fund, Vision Super (Local Authorities Superannuation Fund). In calculating the Medicare Levy, the individual income thresholds are assumed to apply, and the family income thresholds are assumed not to apply. The choice form is only required where access to ESS is not available. Note: Investments such as shares, property, infrastructure and private equity are referred to as growth assets for their ability to produce strong returns over the long term, but they are more likely to experience volatility (and even negative returns) in shorter timeframes. No allowance has been made for any non-superannuation assets or any income other than the calculated amount of salary and deemed income from your pension account. Percentage fee deducted from any contributions to your superannuation account. Some assumptions are conservative estimates of likely scenarios. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. In each projection year in which you are determined to be eligible for an Age Pension, your entitlement for the Seniors and Pensioners Tax Offset (SAPTO) is estimated based on your rebatable income. The assumptions made by the calculator, and their limitations, are explained in here. Save my name, email, and website in this browser for the next time I comment. Your superannuation balance at retirement is projected to exceed the pension transfer cap. setting at the top of this page. Even though the server responded OK, it is possible the submission was not processed.