Super Cash Calculator
The purpose of this calculator is to provide an estimate of the return from investing in the BT Super for Life - Super Cash investment option over a 12 month period in comparison to investing the same amount outside the concessionally taxed superannuation environment. The calculator uses a number of assumptions that may not be applicable to your situation, for example, it does not take inflation into account. While we consider the assumptions are reasonable they do not provide any guarantee in relation to any illustrated amount the calculator derives.
The current interest rate of the BT Super for Life - Super Cash investment option is 4.05%.
*There is no tax on investment earnings while your money remains in a BT Super for Life - Retirement or Transition to Retirement account. Customers of the BT Super for Life - Retirement or Transition to Retirement accounts are able to make regular withdrawals (commonly known as pension payments) with minimum payment requirements to be made at the end of each 12 month period.
A Product Disclosure Statement (PDS) is available for download or by calling 1300 653 553 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life, including BT Super for Life - Retirement and Transition to Retirement accounts.
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Assumptions: BT Super for Life - Super Cash Calculator
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Things you should know:
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This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters. BT Funds Management Limited ABN 63 002 916 458, AFSL No. 233724, RSE No. L0001090 is Trustee of BT Super for Life ABN 53 398 474 034, RSE No. R1071221. An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not the issuer of BT Super for Life. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of any investment option offered through BT Super for Life, including the BT Super for Life - Super cash investment option. A Product Disclosure Statement (PDS) is available for BT Super for Life on this website: btsuperforlife.com.au, by calling 1300 653 553 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
To the extent permitted by law, BT Financial Group will not be liable to any party for any loss or damage arising, either directly or indirectly, from the calculator. Further, BT Financial Group does not make any representation or warranty about the accuracy of the results.
A Product Disclosure Statement (PDS) is available for download or by calling 1300 653 553 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life, including BT Super for Life - Retirement and Transition to Retirement accounts.
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Assumptions: BT Super for Life - Super Cash Calculator
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- The relevant investment period is 12 months
- The Non- Super Investment comparison interest rate is guaranteed, and calculated annually and paid at maturity. Account keeping and management fees are $0.00
- The BT Super for Life - Super Cash investment option's rate of interest is assumed to be 4.05%p.a. throughout the period. The interest rate on BT Super for Life - Super Cash is not guaranteed and can change.
- The BT Super for Life administration fee is $5.00 per month and management fees in respect of the BT Super for Life - Super Cash investment option are $0.00. This administration fee has not been taken into account in the calculation.
- The amount to invest is held from day one of the period and no additional monies are added to the Non-Super investment comparison interest rate account and no contributions are added to the BT Super for Life - Super Cash investment option
- No withdrawals are made during the period, although there are minimum payment requirements to be made from the BT Super for Life - Retirement and Transition to Retirement accounts which are made at the end of each 12 month period. This minimum withdrawal amount has not been taken into account in the calculation.
- Some tax may be payable if you withdraw from BT Super for Life before you turn 60 years of age.
- No tax is payable on withdrawals from BT Super for Life if you are aged 60 years or older.
- Tax on earnings in the BT Super for Life - Retirement and Transition to Retirement accounts is 0% which also means there is NO TAX payable on earnings through the BT Super for Life - Super Cash investment option where invested through the BT Super for Life - Retirement or Transition to Retirement accounts. Customers of the BT Super for Life - Retirement or Transition to Retirement accounts are able make regular withdrawals (commonly known as pension payments) with minimum payment requirements to be made at the end of each 12 month period
- The maximum rate of tax on earnings in the BT Super for Life - Savings account is 15% (which includes earnings on investments in the BT Super for Life - Super Cash investment option through the BT Super for Life - Savings account)
- Tax on earnings in respect of the Non-Super Investment comparison interest rate is the individual marginal tax rate entered plus Medicare levy of 1.5%. This is the same if you are retired or not.
- Inflation has not been taken into account in this calculator. This means that in the future (particularly over a long investment period) the amount shown will be less valuable than it is in today's dollars due to the effect of inflation
- Contribution caps - There are caps, set by the government, on the amount of money you can add to superannuation each year on a concessionally taxed basis. Additional tax applies to contributions in excess of the relevant cap. These caps depend on whether the contributions are classified as concessional or non-concessional contributions, or are being made as a result of the sale of a qualifying small business. This calculator assumes the contributions being made are non-concessional (or after tax contributions). The non-concessional cap is $150,000 per person per annum for personal (after tax) contributions. Those under 65 can "bring forward" future entitlements to two years' worth of personal contributions allowing them to contribute up to $450,000 per person over a three year period.
Things you should know:
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This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters. BT Funds Management Limited ABN 63 002 916 458, AFSL No. 233724, RSE No. L0001090 is Trustee of BT Super for Life ABN 53 398 474 034, RSE No. R1071221. An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not the issuer of BT Super for Life. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of any investment option offered through BT Super for Life, including the BT Super for Life - Super cash investment option. A Product Disclosure Statement (PDS) is available for BT Super for Life on this website: btsuperforlife.com.au, by calling 1300 653 553 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
To the extent permitted by law, BT Financial Group will not be liable to any party for any loss or damage arising, either directly or indirectly, from the calculator. Further, BT Financial Group does not make any representation or warranty about the accuracy of the results.
