The figures in this Calculator are only estimates to help you plan. The amounts displayed are not guaranteed as they are calculated based on assumptions which are summarised below. Investments may fall as well as rise in value.
All figures are displayed in today's money terms, which simply shows you what your future benefit would buy you now if you took account of inflation between now and when you retire using an assumed discount rate of 2.5%.
The projection assumes that over the long term, salaries and consequently contributions will increase at a rate of 2.5% per annum compound while long term price inflation is assumed to be 1.5% per annum.
The projection assumes an average investment return of 4.5% p.a. but the return your pension achieves will depend on the asset mix in the funds held in your Retirement Account.