The
prospective balance is an estimate only.
- - It is calculated based on your current balance invested in our Growth Fund
- - 6% contribution rate.
- - An assumed investment return of 4.5% after tax and fees.
The calculation uses a number of assumptions, including some about future events such as what investment returns and inflation are likely to be. The assumptions are set by the government and are important because they affect the result of the calculation.
Your Simplicity difference is calculated by comparing average fees charged for KiwiSaver growth funds* vs our growth fund. It assumes an investment return of 6.56% before tax and fees, 6% contributions, 3.5% pa salary growth, Prescribed Investor Rate (PIR) of 28% and Employer superannuation contribution tax (ESCT) rate of 33%. This example is for illustration purposes only, to show the compounding effect of reduced fees. Actual performance will differ, and no particular return can be promised or guaranteed. Investment in a growth fund may not be appropriate and investors should get financial advice.
* Average KiwiSaver growth fund fee sourced from the latest Morningstar KiwiSaver survey.