Territory Stories

NTCOSS eBulletin



NTCOSS eBulletin

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Northern Territory Council of Social Services newsletter


Northern Territory Council of Social Services Incorporated


Northern Territory Council of Social Services Incorporated newsletter; NTCOSS eBulletin; Northern Territory Council of Social Services Incorporated newsletter; E-Journals; PublicationNT; NTCOSS eBulletin






Made available via the Publications (Legal Deposit) Act 2004 (NT).; This publication contains many links to external sites. These external sites may no longer be active.




Northern Territory Council of Social Service; Public welfare; Social service; Non-governmental organizations; Periodicals

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Northern Territory Council of Social Services Incorporated

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NTCOSS eBulletin

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Northern Territory Council of Social Services Incorporated.



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15 Adding a little extra into super can make a big difference Many of us would love to save more for our future but feel like its all too little, too late to make a real difference. But, its never too late or early to boost your super balance. And it might be easier than youd expect. Consider Anna Name Anna Job Community Support Officer Gross salary $30,000 p.a. HESTA super account balance $20,000 Age now 50 Plans to retire at 66 Anna attends a HESTA education seminar at her workplace available to her at no extra cost. Interested in learning more about her options, Anna checks out the HESTA super calculator at hesta.com.au/calculate She discovers that, if she makes no extra personal contributions to her super (above the contributions Annas employer makes on her behalf), she may have only around $142,017* ($88,500 in todays dollars), including investment earnings, when she retires. Reviewing her budget using the HESTA budget tool, Anna realises she can afford to add $20 per week after tax to her super account. The extra $20 per week means Annas super could reach around $179,831* ($112,065 in todays dollars) by the time shes ready to retire. By contributing just $20 per week, Anna could be $37,814 better off! Want to find out more? There are many simple ways to contribute extra to your super. $10-$20 extra per week can go a long way towards helping ensure your retirement is as comfortable as possible. Use the calculator and budget tools at hesta.com.au/calculate to work out how much you might need, see how youre tracking now and the difference before and after-tax contributions could make to your super. Attend the next HESTA Topping up your super presentation at your workplace. Read our Make the most of your super guide at www.hesta.com.au/boostmysuper Our education sessions give you and your colleagues a quick, practical update on how to make the most of your super. Tony Kotsonis your local HESTA Client Relationship Manager Tony can help set up education sessions at your workplace. Contact him on 0437 094 910 or by email at tkotsonis@hesta.com.au More people in health and community services choose HESTA for their super *Assumptions: Investment earnings of 6.25% net per year, inflation of 3% per year, and salary increases of 1% above inflation. Figures include the government co-contribution based on proposed income thresholds for the 2013/14 financial year. Figures have been calculated during July 2013 and include the 2013/14 Superannuation Guarantee (employer contribution) rate of 9.25%. This example is an illustration only and is not guaranteed. Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL No. 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321. This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Investments may go up or down. For more information, free call 1800 813 327 or visit hesta.com.au for a copy of a Product Disclosure Statement which should be considered when making a decision about HESTA products.

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