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.

It is important that Members update their Beneficiaries so that their loved ones can access their Superannuation funds, in the event of their passing.

If a Member that passes on has not indicated their Beneficiaries, it increases the risk of fraud and there is a process involved that can be lengthy, to ensure that the appropriate family members or loved ones receive their savings.

Save your loved ones from further heartache today, by ensuring your Beneficiary listing is up to date.

To do so, fill in a Member Detail Update Form (MDUF) and complete the Member Detail Update process.

What is an MDUF?

A Member Detail Update Form helps us capture your Member details including:

  1. Full (Given) Name(s)
  2. Gender
  3. Marital status
  4. Beneficiaries
  5. Date of birth
  6. Employer details
  7. Contact details and
  8. Residential location.

How can I check if my Member details are up to date?

If you have registered, you can easily access and view these details of your account via the Nambawan Super Member Portal or Smart App.

Register for Nambawan Super Digital Services

You can also contact our Call Center on 180 1599 (toll-free) or via email at CallCentre@nambawansuper.com.pg to confirm.

How do I update my Member details?

If it's just a simple update of your contact details and you have online access to the NSL app and website, you can log in and update your contact details there yourself. If you don't have online access and need to update your Member details, you will need to fill in a MDUF and provide it to your Human Resources team to endorse.

Once the form has been endorsed, you can lodge it with us at your nearest Branch or via email at CallCenter@nambawansuper.com.pg.

 Our team will then update your details on our system.

Download MDUF