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WHAT STEPS CAN

YOU TAKE TO BUILD


A COMFORTABLE
RETIREMENT INCOME?

Projecting retirement
income using the Australian
Catholic Superannuation
Retirement Calculator

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DISCLAIMER
This presentation has been prepared by SCS Super Pty Ltd (ABN 74 064 712
607, AFSL 23055, RSE L0002264), the trustee of the Australian Catholic
Superannuation & Retirement Fund ABN 24 680 629 023, RSE R1055436.

Any advice contained in this presentation is of a general nature only, and does
not take into account your personal objectives, financial situation or needs.
Prior to acting on any information in this document, you need to take into
account your own financial circumstances, consider the Product Disclosure
Statement for any product you are considering, and seek independent
financial advice if you are unsure of what action to take.

The material contained in this presentation is based on information received
in good faith from sources within the market and on our understanding of the
legislation at this time.

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SUPERANNUATION RETIREMENT CALCULATOR
In this presentation well explain, using the example of
Kay and Dean, how the Australian Catholic Superannuation
Retirement Calculator can help determine:


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How much money you can expect to have at retirement.
How long your savings could last in retirement.
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What actions you can take to boost your savings and
income in retirement.
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How much
will you need
to live off in
retirement?
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Do you have a vision of your
ideal retirement lifestyle?








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Do you know how much that
lifestyle will cost?


?

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FUNDING RETIREMENT LIFESTYLES
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Comfortable lifestyle
couple
Modest lifestyle
couple
Age Pension
- Couple
Total budget
per week
$1,114.78 $654.62
$1,270.60 per Fortnight
(approx $635 per week)
Total budget
per year
$58,128 $33,664 $33,036
A comfortable retirement lifestyle would allow a healthy
retiree to have a good standard of living and be involved in a
broad range of leisure activities.
Comfortable /Modest figures sourced from ASFA: http://www.superannuation.asn.au/resources/retirement-standard
Age Pension figures : http://www.humanservices.gov.au/customer/services/centrelink/age-pension

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FUNDING RETIREMENT LIFESTYLES
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Comfortable lifestyle
couple
Modest lifestyle
couple
Age Pension
- couple
Total budget
per week
$1,114.78 $654.62
$1,270.60 per Fortnight
(approx $635 per week)
Total budget
per year
$58,128 $33,664 $33,036
A modest retirement lifestyle would fund fairly basic
activities and inexpensive purchases.
Comfortable /Modest figures sourced from ASFA: http://www.superannuation.asn.au/resources/retirement-standard
Age Pension figures : http://www.humanservices.gov.au/customer/services/centrelink/age-pension

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FUNDING RETIREMENT LIFESTYLES
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Comfortable lifestyle
couple
Modest lifestyle
couple
Age Pension
- couple
Total budget
per week
$1,114.78 $654.62
$1,270.60 per Fortnight
(approx $635 per week)
Total budget
per year
$58,128 $33,664 $33,036
The maximum Age Pension* provides less than what is
required to live a modest retirement lifestyle
Comfortable /Modest figures sourced from ASFA: http://www.superannuation.asn.au/resources/retirement-standard
Age Pension figures : http://www.humanservices.gov.au/customer/services/centrelink/age-pension
*Includes Supplements

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FUNDING RETIREMENT LIFESTYLES
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Comfortable lifestyle
couple
Modest lifestyle
couple
Age Pension
- couple
Total budget
per week
$1,114.78 $654.62
$1,270.60 per Fortnight
(approx $635 per week)
Total budget
per year
$58,128 $33,664 $33,036
Click here for more information on funding different
retirement lifestyles.
Comfortable /Modest figures sourced from ASFA: http://www.superannuation.asn.au/resources/retirement-standard
Age Pension figures : http://www.humanservices.gov.au/customer/services/centrelink/age-pension


Will you have
enough super
saved to fund
your retirement
dreams?
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PROJECTING YOUR RETIREMENT INCOME
The Australian Catholic
Superannuation Retirement
Calculator can help you
understand:

How much you might be
able to save.

What income you are likely to
have after retirement and how
long you can expect it to last.


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PROJECTING YOUR RETIREMENT INCOME
The Australian Catholic
Superannuation Retirement
Calculator can help you
understand:

How your contributions,
investment options, career
breaks, fees, Centrelink Age
Pension and retirement age
may affect your projected
retirement income.


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PROJECTING YOUR RETIREMENT INCOME
The Australian Catholic
Superannuation Retirement
Calculator can help you
understand:

What actions you can take
to help boost your savings
and achieve your desired
retirement lifestyle.


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PROJECTING YOUR RETIREMENT INCOME
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Click here to try
your situation in
the retirement
calculator!

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MEET KAY AND DEAN

Kay and Dean,
both school teachers,
are starting to plan
for retirement.

They want to find out
how much they can
expect to retire with
and how long their
savings will last
in retirement.


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Kay is 41 and works part time
two days a week, receiving an
annual salary of $25,000.
Dean is 45 and receives an
annual salary of $75,000.

Together they currently have
$50,000 in super savings.
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The couple plan to retire
in 22 years when Dean is
67 and Kay 63.

They want to save enough
money to fund a comfortable
retirement lifestyle.
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Kay used the
Australian Catholic
Superannuation
Retirement Calculator
to estimate their
projected savings
balance and income
in retirement.
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KAY AND DEANS CURRENT OUTLOOK
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Comfortable lifestyle: $869,503
Modest lifestyle: $500,005
$371,887
T
o
t
a
l

S
u
p
e
r

From the Retirement
Calculator, Kay and Dean
can see that their projected
retirement balance is
$371,887.

This figure sits below the
lump sum needed to
fund a comfortable
retirement lifestyle.



KAY AND DEANS CURRENT OUTLOOK
If the couple draw income at a comfortable lifestyle level,
$58,128 per year supplemented by the Age Pension,
their savings will last till Kay reaches age 82.

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Try the retirement calculator, click here!


KAY AND DEANS CURRENT OUTLOOK
Income supplemented by the Age Pension
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KAY AND DEANS CURRENT OUTLOOK
Kay and Dean would prefer to self fund their retirement and
do not want to rely on the Age Pension as part of their
retirement income.

However, in this scenario their current projected savings would
only last until Kay reached age 71. This would mean they would
have no choice but to rely on the Age Pension once their savings
ran out.
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KAY AND DEANS CURRENT OUTLOOK
No Age Pension supplement


Concerned about
their projected
savings, Kay and
Dean consider
several scenarios
for increasing their
retirement income.
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CACULATING THE IMPACT OF ACTIONS ON SAVINGS
Kay and Dean use the Australian Catholic Superannuation
Retirement Calculator to project how the following scenarios
might affect their superannuation savings and resultant income
in retirement:

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Scenario 1: Delaying Retirement. 1
Scenario 2: Pre-tax additional super contributions.
Scenario 3: Pre and after-tax additional super contributions.


1. DELAYING RETIREMENT
Using the calculator they
increase retirement age
to 70 for Dean and 66
for Kay.

The reduction in years
in retirement reduces
the projected lump
sum required.
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Comfortable lifestyle: $830,408
Modest lifestyle: $477,190
T
o
t
a
l

S
u
p
e
r

$435,439


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1. DELAYING RETIREMENT

1. DELAYING RETIREMENT
Three extra years of work would see an improvement in Kay and
Deans situation.

While their savings still fall short of the comfortable lump sum,
their income would now fund a comfortable retirement lifestyle
until Kay reached age 76.

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Try your situation, click here!


2. PRE-TAX CONTRIBUTIONS
As an alternative to
delaying retirement,
Kay and Dean believe they
can afford to make pre-tax
additional contributions
of $3,500 per year. This would
be equivalent to approximately
$134 per fortnightly pay.

If the contributions come
out of Deans income he
will benefit from significant
tax savings.

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T
o
t
a
l

S
u
p
e
r

$473,947
Modest lifestyle: $500,005
Comfortable lifestyle: $869,503

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2. PRE-TAX CONTRIBUTIONS

2. PRE-TAX CONTRIBUTIONS
Pre-tax contributions also offer an improvement on Kay and
Deans initial situation.

In this scenario, their $473,947 projected savings would run out
by the time Kay reached 75.

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Learn more about pre-tax (salary sacrifice)
contributions to superannuation, click here!


3. PRE AND AFTER-TAX CONTRIBUTIONS
The couple now want to
know how their position will
be impacted if they made
both pre and after-tax
superannuation contributions.

By making yearly contributions of
$3,500 pre-tax and $2,000 after
tax (both from Deans income),
they can expect to retire with a
balance of $523,520 to be
converted into retirement income.
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$523,520
Modest lifestyle: $500,005
Comfortable lifestyle: $869,503

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3. PRE AND AFTER-TAX CONTRIBUTIONS

2. PRE AND AFTER-TAX CONTRIBUTIONS
This scenario would again take Kay and Dean closer to their
dream of a self funded comfortable retirement lifestyle.

By making both pre and after-tax contributions to super they
will accumulate enough savings to fund a comfortable lifestyle
until Kay reaches age 76.
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Learn more about pre-tax and post-tax
contributions to superannuation, click here!



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How can I
make additional
contributions
to my super?

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MAKING PRE-TAX CONTRIBUTIONS
Contact your pay office and ask them to deduct the
contributions from your regular pay.

You will need to specify the amount that you would like to
contribute per pay cycle.

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Click here for more information on
making contributions

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MAKING AFTER-TAX CONTRIBUTIONS
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Contact your pay office
and set up the contributions
to come out of your regular
after-tax pay.

Alternatively, you can pay
directly to Australian
Catholic Superannuation via
BPay, direct debit, cheque
or EFTPOS.


Click here for more
information on
making contributions
Easily transfer funds
to your super
account with BPay
Biller Code 444232
Customer Reference no:
[Your account number]

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CONTRIBUTION CAPS
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The government places caps on the amount you can contribute
to superannuation each year and there are tax implications for
exceeding limits.

For information on superannuation
contribution caps, click here.

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CONNECT NOW

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CONTACT US
T 1300 658 776

W www.catholicsuper.com.au

E fundoffice@catholicsuper.com.au

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