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.
Vacancies at Nambawan Super
We are looking for talented, creative and self-motivated individuals who share our passion for innovation and service excellence for our Members' best retirement experience
Job Posted: 27 January 2025
Position Location: Port Moresby
We are currently seeking to recruit a highly-motivated individual for the position of Member Services Officer for our Benefits Team within the Customer Services Department.
Reporting to the Team Leader Benefits, the Member Services Officer - Benefits will serve NSL Members through reviewing of all Benefit Payment Applications submitted through i-DOS and serve Members through various channels such as email and telephone.
More information on this role here
Applications close: Monday, 10 February 2025
Nambawan Super Limited (NSL) is currently seeking to recruit a suitably qualified and experienced individual for the position of Manager Compliance for our Risk & Compliance Department.
The position is primarily responsible to ensure that NSL adheres to all the relevant Laws, Regulations, policies, and prudential standards applicable to the business. This includes regular audits, design of control systems and implementing company policies through annual compliance plans and programs.
More information on this role here
Applications close: Monday, 10 February 2025
Submit an expression of interest
If we don't currently have any vacancies that suit your skill set or interests, you can submit an expression of interest and upload your documents.
If any suitable position comes up, we can have your application and documents on file and contact you.
