Disclaimer
The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.
The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.
Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.
Assumptions
Projected super balance at retirement:
The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.
Retirement age:
We have assumed a default retirement age of 65. This can be adjusted in the calculator.
Working life:
The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.
Interest rate:
The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.
Employee contributions:
PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.
Employer contributions:
PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.
Why work at Nambawan Super?
Our Members are the focus of everything we do – and at Nambawan Super we foster the growth and wellbeing of those who join our team to provide the best support for our Members through their working life and beyond. Joining the Nambawan team will be one of the most rewarding decisions you can make.
Job opportunities at NSL
If you’re a talented professional with a heart to serve our Nambawan Super Members, see what job current opportunities are available.
Frequently Asked Questions
We figure you may have some questions on the application process, others probably had the same questions, we've done our best to answer them all below!
If you’re applying in response to a vacancy posting, you can send an email with email subject: Position Applying For – First Name LAST NAME to recruitment@nambawansuper.com.pg . In your email, ensure to attach a cover letter and your current CV, and make sure you keep your email and attachments to less than 2mb in size.
If you’re not applying in response to any vacancy, you can complete the Expression of Interest form on our website, uploading your current CV through the form.
In both cases, kindly note that our People & Culture team will contact you only if your application is shortlisted. If you are not contacted, your application will stay in our records and if any position suitable to your experience and skill-set should open up our People & Culture team will contact you.
Like most other companies, the recruitment goes through the same basic steps.
Your application is reviewed along with all the other candidates, aligning to the skills, qualifications and requirements of the position, candidates are then shortlisted. Due to the large number of applications we receive, only shortlisted candidates are then contacted for an in-person interview.
The candidates are then further reviewed on the interviews, where reference checks are also completed against the referees listed on your application. The selected candidate is then offered the position with an offer letter.
To give your application the best chance, please ensure that for your application:
- A current police clearance certificate is attached
- Your current and reliable contact details are listed
- Your referees listed are current, aware that they are listed referees, and contactable.
To apply for Nambawan Super's Graduate program, please first check that the Graduate Program intake is open on our Graduate Program page.
Once intake is open, you can apply by following the instructions here on what to prepare and how to apply.
