How much extra could you have?
| By putting in an extra… | $20/week | $30/week | $50/week | $150/week |
| …you could potentially have… | ||||
| in 5 years | $4,773 | $7,160 | $11,933 | $35,800 |
| in 10 years | $10,538 | $15,807 | $26,345 | $79,035 |
| in 15 years | $17,500 | $26,250 | $43,750 | $131,249 |
| in 20 years | $25,908 | $38,862 | $64,769 | $194,307 |
We’ve used some assumptions to calculate these numbers. You can see these assumptions below.
Assumptions:
Single person; current annual salary $100,000; current super balance $120,000; 10.5% current employer contributions to super; returns on superannuation 8% p.a.; $400 per year spent on insurance premiums through superannuation; no administration fees paid on super account; inflation 2.5%; improvement in living standards 1.5%; contributions made by salary sacrifice.