As the Global Financial Crisis of 2008 showed, data-based forecasts can fail in a big way when it comes to predicting future events. In particular, if you receive a benefit amount before age 60 no allowance is made for any tax that you may have to pay. We assume that the concessional contribution cap will increase in future years with wage inflation once $2,500 steps are reached. Analysts have to do many things besides forecast, but the ability to make better predictions would certainly give a substantial edge to many of us. The fund also hopes seeing these figures will encourage you to use its online calculator to check out the impact of making additional voluntary contributions or switching your investment option. It simulates the tree growth and the log products produced at a single clearfell age on a per hectare basis. According to Tetlock, if you want to be a superforecaster, you must have four key traits (although he lists additional traits as well). Do not rely solely on this calculator to make decisions about your retirement, there may be other factors to take into account. The calculator is capable of computing almost any expression in the mathematical order. %, Rise in cost of living: (% p.a.) You specify n in the processing option 7a, the number of time periods of data to accumulate into each of the three points. We make the following default assumptions on inflation (which you can change under the 'Advanced  - insurance and inflation' section that appears below calculator results): We assume that your employer contributes an amount equal to 9.5% of your ordinary time earnings (you can change this in 'You and your super fund'). The non-concessional contribution cap is set at 4 times the concessional cap and so will increase at the same time in future years. Fortnightly The projection allows for the Government low income superannuation tax offset. The calculator can help you: work out if you’ll have enough income for your retirement needs estimate how long your super could last see the difference adding to your super now could make to your retirement in the long run. We assume that you qualify for the Government co-contributions if you make after tax contributions, The total income used to determine if you qualify for any co-contributions is equal to your annual salary before tax and any salary sacrificed super contributions. First, you need to be very intelligent but not an off-the-charts genius. Find out how to do this for your browser at https://www.enable-javascript.com/. They tend to be slow thinkers, in the sense of Kahneman, and at least in some cases not as much affected by cognitive biases. See the difference saving small amounts you spend on everyday items may make to your super and retirement lifestyle. We make the following default assumptions for investment return and earnings tax: Actual returns will vary significantly from year to year and could be negative in some years, particularly for investment mixes where more is invested in shares and property. Super Projection Calculator This calculator helps estimate how much money you could get in retirement, how long your super could last and how adding a few extra dollars to your super now, could make a big difference when it’s time to retire. You could find out by taking part in a new challenge we’re running this year. Instructions: You can use this Moving Average Forecast Calculator for a given times series data set, by providing a set of data and the number of periods to compute the average for (For example, for a 3-month Moving Averages, the number of periods to use is 3). Superannuation calculators Knowing your numbers can help you make a plan now to enjoy a better tomorrow. 15% tax is deducted from your employer contributions and before tax (salary sacrifice) contributions. For example the super balance shown for age 65 is the balance at 1 July after your 65th birthday. Super-forecasters, however, are not super-human. These 5 simple steps can help you take control of your super and change your financial future for the better. What do superforecasters have in common? Work out how long your superannuation funds will last if you use the Transition to Retirement (TTR) Income account. For Douglas-fir there is no productivity surface and you will need a specific measurement event to calibrate the model. Its target audience is primarily the small woodlot owner wishing to calculate a rough estimate of the volume and log product mix on a particular site at a particular age. Annually, Investment return: (% p.a.) The default assumptions in this calculator are based on Treasury’s long-term retirement income models. This calculator is super powerful and easy to use scientific calculator with interactive graphical display. This calculation is based on your current investment and assets. The total income used by the calculator to estimate if you qualify for any low income superannuation tax offset is equal to your salary before tax and before any salary sacrifice. In 'Advanced settings' you can enter the insurance premiums that are charged annually to your account. Success stories One of Australia's most awarded funds. You may wish to get advice from a licensed financial adviser. The Economist reports that superforecasters are clever (with a good mental attitude), but not necessarily geniuses. No This book features some interesting trivia about "Super-forecasters" but when it comes to explaining evidence-based practice, it was Super-disappointing. Forecast specifications: The formulae finds a, b, and c to fit a curve to exactly three points. Yes, Frequency (max: 20%) Before tax & fees. Your eligibility for this payment is based on your annual income, employer contributions and salary sacrifice contributions. (max: 10%), Additional rise in living standards: (% p.a.) We adjust these contributions so you don't exceed the annual non-concessional contributions cap.

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