Asset Super adds online savings tool
Asset Super has partnered with Rice Warner Actuaries to expand its online tool range with the addition of a ‘Build your savings’ tool.
Designed for members in the growth phase, the tool will give members practical examples of how to build their super savings, Asset Super chief executive John Paul said.
The new savings tool allows members to enter personal information, including their current super balance and desired retirement outcome.
The tool then calculates the future value of their super in today’s dollars, as well as how long their super might last.
Members may then apply different contribution strategies to observe the potential effect on their future retirement income.
It also highlights the effect of additional contributions on their take-home pay and the amount of tax they can save.
Paul said this tool was just one of a suite of tools that Asset will introduce to its membership in the coming weeks.
AUTHOR
Ashleigh McIntyre
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