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.

This website is provided by Nambawan Super Limited (1-48082), Trustee of Nambawan Super Fund (referred to below as Nambawan Super, NSL, we, us or our). These terms (Terms) apply to your access and use of this Website and/or any other services that are available on and in connection with this website (Website). NSL reserves the right to modify, update or alter these Terms at any time. You are deemed to have read, understood and accepted the Terms, as they are by accessing and using the Website at that particular time. Nambawan Super recommends that you visit this page on the Website from time to time to review current Terms. If you do not agree or accept any of these Terms, you must terminate access and use of the Website immediately.

The Regulator 

The operation and management of Nambawan Super is in accordance with the Superannuation (General Provisions) Act 2000, the Regulation, the Superannuation Prudential Standards by Bank of Papua New Guinea (the Regulator) and other relevant laws.  Where there is a discrepancy between the information on the Website and the laws, the governing rules or any direction by Regulator the latter will prevail.  The laws and governing rules are provided by Bank of Papua New Guinea.

Nature and Accuracy of advice

Information on the Website is of general nature only and is of ‘as is’ basis. It does not take into account your personal objectives, financial situation or specific needs or any constitute financial, investment, professional, legal or taxation advice. Users should not rely on this information or acquire a product before first contacting Nambawan Super to confirm the completeness and, where necessary, obtain independent advice. Nambawan Super will not accept any responsibility for any loss or damage caused by reliance on the information provided on the Website.

Nambawan Super does not give any warranty to the accuracy, completeness or currency of the information on this Website, however it does makes every reasonable effort to provide and maintain current and accurate information. Users should be aware that there is still the possibility of inadvertent errors and technical inaccuracies.

Other things to consider

In addition to being aware that this website contains general information only, you should take note of and understand the following information:

  • Past performance information detailed on the website is not a reliable indicator of future performance and future returns are not guaranteed; and
  • Any case studies, sample calculations, performance graphs or diagrams on the Website are tools to explain concepts for user’s understanding and are not reliable indicators.
Third party websites

This Website may contain links to other websites which are operated by third parties and may have their own terms and conditions of use. These links are provided “as is” and for your convenience and do not constitute an endorsement of the information made available through or on those websites.  Where such material is provided, the views expressed in the materials do not necessarily reflect the views and opinions of Nambawan Super.

Nambawan Super does not make any warranty or representation and you acknowledge and agree that any information or materials contained in those websites linked from or to this Website is current, accurate, reliable and/or error- or virus-free. Nambawan Super is not responsible either directly or indirectly for any damage or loss caused by the use of or reliance on the content of the links and/or websites contained in the Website.  

Disclaimer

All the information on this Website is of general nature only and Nambawan Super must be contacted to confirm or verify the accuracy, currency or completeness. Nambawan Super hereby disclaims any liability, but not limited to direct or indirect, current or future loss or damages (including any consequential, indirect, punitive, special or incidental damages) in relation to the user’s use of or reliance on the information.

Member online accounts

If you have a Member online account accessed through the Website you:

  • must reasonably safeguard your login details;
  • notify us immediately if you consider your login details have been obtained or used by a third party without your authorisation; and
  • acknowledge and agree that you will be solely responsible for any acts committed using your account unless and until you notify us in accordance with these Terms.
Jurisdiction

All contents of this Website are tailored for Members of Nambawan Super, who is operating in Papua New Guinea (PNG) and as a result, all currencies are shown in PNG Kina (K).

Nambawan Super does not accept any liability from your accessing the Website outside of Papua New Guinea.  These Terms will be governed in all respects by the laws of Papua New Guinea and under the exclusive jurisdiction of the court of Papua New Guinea.

Privacy policy

Nambawan Super will treat any personal information collected through the Website in accordance with our privacy policy. This Policy can be accessed here.

Intellectual property and Use of Website

Except where otherwise stated, Nambawan Super owns all copyright and other intellectual property rights in all material and information contained on the Website. Users may use the information on this Website permitted by the copyright laws or any other relevant laws.

Users may not use, copy, reproduce, store or alter in any way the information and material on the Website without Nambawan Super’s prior written consent. Additionally, unlawful use not permitted includes to;

  • defame, abuse, harass, stalk, threaten or otherwise offend others;
  • publish, distribute, email, transmit or disseminate any material which is unlawful, obscene, defamatory, indecent, offensive or inappropriate, use any automated scripting tools or software;
  • engage in or promote any surveys, contests, pyramid schemes, chain letters, unsolicited emailing or spamming;
  • upload, post, email, transmit or otherwise make available any material that you do not have a right to make available under any law or contractual obligation or which contains viruses or other computer codes, files or programs designed to interrupt, limit or destroy the functionality of other computer software or hardware including the Website;
  • impersonate any person or entity; or
  • breach any applicable laws or regulations.
Questions

If you have any queries about these Terms, please contact Nambawan Super on 180 1599 or email on CallCentre@nambawansuper.com.pg or the channels listed on our Contact Us page.