Think ahead, what do you see?
Can you see yourself retiring comfortably in your own home or even buying yourself a brand new vehicle? Imagine continuing to receive an income during retirement that offsets the loss of your salary. Even though economies go up and down, we know that super is a long-term investment you can rely on to save more and earn for yourself a comfortable retirement.
Grow your retirement savings through Voluntary Contributions
Apart from your employer’s super contribution, every employee in Papua New Guinea has the benefit of 6% of their salary being deducted each fortnight into their superannuation savings for retirement. You can get much closer to achieving your retirement dreams by increasing your savings by up to 15% through Voluntary Contributions.
Super Tip: The sooner you start your Voluntary Contributions, the more time your savings will have to generate more interest and therefore more towards your happy retirement lifestyle. We’ve crunched the numbers and know that signing up for as little as K10 a week can do wonders to your retirement savings balance. Click on the image below to find out more.
Check how much you need and what you can achieve for your retirement
Using our calculator, see how your savings could increase over time – not only through the money you save through Voluntary Contributions but the extra interest your savings can earn for you. Simply add your details into the calculator, and then increase your employee Voluntary Contribution to 9%, 12% or 15%.
Remember, saving a little for longer periods of time can make a BIG difference to your superannuation balance.
What can Voluntary Contributions offer members?
Members who have successfully saved for their retirement through Voluntary Contributions are now using these savings to:
- Buy, build or renovate comfortable homes;
- Buy cars or vehicles;
- Afford day-to-day expenses, like power, phone credits;
- Pay for medical expenses;
- Enjoy luxuries or food items that members cannot grow themselves.
Having a good superannuation balance means you will be able to withdraw the lump sums you need when you retire to set yourself up. But better still, if you save well you can still have enough to open a Retirement Savings Account, so your superannuation savings can provide a small regular income for your needs.
Three easy steps to get your Happy Retirement
- Download a Pay Variation Advice Form.
- Complete the form, nominating your additional Voluntary Contribution amount of percentage.
- Submit the form to your Payroll team for authorisation.
Important Note: Ensure to follow-up with your Payroll team to ensure your tax-free VC deduction has been effected. This is important as you can lose out on retirement savings you nominate through VC, especially when it is pending authorisation by your Payroll Team.
When should you start Voluntary Contributions
It’s never too late to start. However, the earlier you start, the more the power of compounding can work to your advantage to build your retirement savings.
Case Study: The K100,000 difference
In this case study, all four employees started off their superannuation savings with the same amount of employer (K42,000) and employee (K30,000) contributions.
Joe decided against a Voluntary Contribution (K0), in the same year the others including Mary (extra K29 per fortnight), Jerry (extra K58 per fortnight) and Jane (extra K87 per fortnight) began their varying amounts of Voluntary Contributions.
Four people, four different employee contributions more than K100,000 difference
Assuming that Nambawan Super pays an average of 8% interest each year to its members, see how their Voluntary Contributions could impact their balances after 20 years.

Read more about how other members are saving more through Voluntary Contributions.
Thinking of buying your Dream Home with Voluntary Contributions?

As a superannuation fund, we encourage members to think about saving more throughout their working life for as long as possible to ensure a happier retirement. However, a feature of superannuation in PNG is the ability to access your employee contributions for a Housing Advance.
Growing your Voluntary Contributions now can help you save more, faster for a deposit to buy your first home (and principal place of residence). You can access both your employee contributions and any additional voluntary contributions for this purpose when you have been a contributing member for 5 years or more.
Click here to learn more about how it works.
Let us know how we can help you start your Voluntary Contributions
Interested to learn more about Voluntary Contributions? We can tailor a presentation for your staff on Voluntary Contributions or answer any queries you have.
Speak to our Partnership Team now!

Partnership Team
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