fbpx

Written: 26 November 2020

Two members who start work today, both have the same starting salary of K25,000 per year.

Member A decides to make a voluntary contribution of 4% on top on their normal 6% employee contribution.

Member B decides to only contribute the mandatory 6% employee contribution.

Let’s see how their super is doing after 10, 20 and 30 years!

 

Note: Model Assumption: These are forwarded projections using 7% annual interest rate and a CPI of 1% has been applied to members’ salary for each year. Actual results will vary on final annual returns

_____________________________________________________________________________

After just 10 years, Member A is K13,000 ahead, by 20 years they are more than K50,000 better off, and at retirement Member A has more than K100,000 extra for an even better retirement.

 Don’t get left behind – start doing Voluntary Contribution today.

 3 EASY STEPS FOR A COMFORTABLE RETIREMENT

1 . Download a Pay Variation Advice form for Employee Voluntary Contribution Deduction.

2. Complete the form, nominating your additional Voluntary Contribution amount or    percentage.

3. Submit the form to your Payroll team for authorisation.

 Read more in our November edition of Nambawan SuperTok newsletter

Nambawan Super Daru Branch Opening

Nambawan Super Daru Branch Opening

Nambawan Super officially opened its recently relocated Daru Branch yesterday, as part of its continued focus on improving Member access to superannuation services in rural centers around the Country. The Branch was opened by Nambawan Super Member representatives...

2022 a challenging year

2022 a challenging year

Nambawan Super Limited (NSL) continues to look at opportunities to mitigate the adverse effects of a very volatile global economy as some of the Fund’s investments struggle to cope amid the tough economic challenges in 2022. NSL’s Chief Executive Officer, Mr Paul...