The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.

The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.

Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.


Projected super balance at retirement:

The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.

Retirement age:

We have assumed a default retirement age of 65. This can be adjusted in the calculator.

Working life:

The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.

Interest rate:

The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.

Employee contributions:

PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.

Employer contributions:

PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.

Nambawan Super has retirement savings solutions for everyone. This includes Micro and SME owners with less than 15 employees, landowners, farmers or fishermen, non-PNG citizens, and those in the informal sector.

If you are self-employed, Choice Super by Nambawan Super makes it easy for those who aren't being paid super under Papua New Guinea's (PNG's) current laws to invest in yourself and start saving for your retirement.

With more than 220,000 Members, and close to K10 billion in Funds under Management, Nambawan Super is PNG's largest and most-trusted superannuation fund. When you save with Nambawan Super, your contribution is pooled with all our other Members' contributions and then used to invest in PNG businesses and properties and some of the world's biggest companies.

When you become a Choice Super Member, you must commit to making regular contributions to your superannuation savings. That's the way it works.

What are the benefits?

When you open a Choice Super account

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Membership card

Automatically become a Nambawan Super Member and receive the same benefits as regular Members.

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Discount Partner Program

Get discounts of up to 30% every time you shop through our Discount Partner Program.

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Access your contributions

Access your contributions for a Housing Advance, and even a Retirement Savings Account.

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How do I open a Choice Super account?

To open a Choice Super account, simply fill in the New Member Registration Form and submit it with your ID photo at your nearest Branch or through email: CallCentre@nambawansuper.com.pg

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To activate your account:

  • Use your Choice Super deposit book to make payments at any of Bank of South Pacific's (BSP's) Branches across the country. Members can also use BSP's mobile banking on *131# or MiBank's MiCash or MiWallet on *678# to make payments to their Choice Super Account.
  • You will also need to make a minimum contribution of K20. The minimum contribution can be paid into your Choice Super Account anytime within one month. You may wish to do a lump sum deposit at any time to grow your savings quicker

Open your Choice Super Account at MiBank

You can open a MiCash account with MiBank today to make your Choice Super contributions much easier. Your MiBank teller can make this possible for you, by ensuring this preference is captured on your forms, when you open your MiCash account.

Read the step by step instructions on how to make contribution payments through MiBank here.

How to make payments?

The voluntary nature of this account, means you can manage your own payments easily on a monthly basis, even from the comfort of your home. While we provide a range of payment options, we do not accept cash payments.

  • Pay using MiBank
  • Pay using BSP Mobile Banking
  • Pay at any BSP Branch nationwide
  • Set up a payroll deduction with your Employer
  • BillPay

Setting up payroll deductions for contributions

To make Choice Super contributions through payroll deduction, you can complete the Choice Super Contribution Salary Cessation and Variation Form, have it verified at your nearest NSL Branch, then provide the completed form to your payroll officer to process the variation.

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What happens to the contributions?

All the contributions received from Members are managed by Nambawan Super and invested by our investment experts. Interest is paid monthly and annually into Member accounts based on earnings from investments.

How much is the Member entitled to?

The net benefit a Member is entitled to is the total contributions plus interest, less tax on any interest earned. Contributions you made to your Choice Super account are not taxed on exit.

If I sign up, am I subject to the Superannuation Act?

Yes. When you sign up, access to the funds you save is subject to the same guidelines that apply to accessing compulsory super contributors under the Superannuation Act. As a Member, you are encouraged to contribute regularly to build your savings for a comfortable retirement.

When can a Member withdraw their savings?

Any withdrawals are guided by the Superannuation Act 2002, as your Choice Super Account is not like a regular bank account. The Act states that Members are entitled to withdraw their savings on grounds of unemployment, retirement, permanent disability, death or permanent emigration.

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