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.
Your Superannuation, like many other assets of value, is prone to external security risks from scammers or cyber-criminals. While Nambawan Super has taken and continues to take extensive measures to protect your Super on all fronts, and from new cyber threats, as a Member it is important to also educate yourself, be aware of these risks and take preventative measures to safeguard your super.
Cyber Security and why it is important
Cyber security refers to the protection of computer systems, networks, and data from unauthorised access, use, disclosure, disruption, modification, or destruction. It also includes the protection of personal information and the safeguarding of data integrity.
It is important for protecting sensitive information, and financial assets, and safeguarding personal information. It is crucial for individuals, organisations, and Governments to take cyber security seriously, and to implement appropriate measures to protect against cyber-attacks.
What is Nambawan Super doing to protect your Super?
What can Members do to protect their super?
Ways scammers reach you
Text or SMS Scams
SMS or Whatsapp scam messages that will look like they are from a reputable company, business or even pretend to be your friends or family
Phone scams
Phone calls where the caller poses as a representative from a reputable company or someone you know
Email scams
Scam or phishing emails will try and prompt you to take urgent action, click on a link or download a file.
Social media scams
Fake profiles are very easy to create - and utilize your trust in a reputable company or may pose as a friend or colleague to attempt to scam you
Website scams
Accessing websites that aren't secure or clicking on links from fake websites are risky and leave you vulnerable to cyber attacks
In-person scams
Identity fraud may mean that even people you meet in person may try to scam you for your personal information or prompt you to take action
