How long will your super last?
Adjust the sliders to see the effect of each item on your final balance.
What difference does it make?
Here you can see the difference that a Transition Pension could make to how long your super will last. Adjust the slider and questions below to see the effect of each item on your superannuation balance and income.
This calculator is not intended to be relied upon when making financial decisions. You should consider seeking professional advice before making any decision. The results which you generate when using the calculator are dependent on the variables you input and the assumptions made by the calculator. As the variables and assumptions are unlikely to match your situation precisely, the results will not be accurate.
The assumptions made by the calculator, and their limitations, are explained in here. We believe the assumptions (leaving aside the ones you input) are reasonable overall. A complex range of circumstances can impact on the calculations and it is necessary to take these into account to some extent. 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. 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. Some assumptions are conservative estimates of likely scenarios. The inflation assumptions is based on recent inflation rates. We have received actuarial advice that the assumptions are appropriate.
You should consider the product disclosure statement for a fund and your personal circumstances in order to decide whether a fund is suitable for you. A PDS for VISSF funds can be obtained here or by calling 1300 660 027.
NOTE: All references in this page to "VISSF" are to The Victorian Independent Schools Superannuation Fund ABN 37 024 873 660 AFSL 235097.
VISSF and its related companies specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator.
Other than is required under consumer protection law, under no circumstances will VISSF and its related companies be liable for any loss or damage caused by a user's reliance on information obtained by using this calculator.
You should not make any decisions on the information contained herein without first consulting with your licensed financial adviser.
This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product, including a decision in relation to a particular superannuation fund or strategy. You should consider obtaining advice from an AFS licensee before making any financial decisions.
The default inflation and fee assumptions used in the calculator are provided by Rice Warner Pty Ltd, ABN 35 003 186 883 AFSL 239 191. 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.