In this guide
When you open your annual member statement or use your super fund’s online retirement calculator, you may see an estimate of how much your account balance is likely to be when you retire, and how much income it will provide in retirement.
But have you ever wondered what these estimates are based on and how accurate they are? To answer these questions you need to understand how these estimates are derived and how to use them.
Need to know: The Australian Securities & Investments Commission (ASIC) defines a superannuation forecast as a numerical indication provided to a fund member of the balance of their super investments at retirement, or of their income during retirement.
