10 years ago |
Kaiden |
Jen |
---|---|---|
Super Balance1 | $214,897 |
$214,897 |
Kaiden is opting for a cash investment option while Jen is opting for a balanced investment option.
Today |
||
---|---|---|
Super balance | $218,723 | $249,123 |
Investment return | 2.7% | 4.8% |
Tax on earnings* | 15% | 6.5% |
At age 70, Jen could have $30,400 more than Kaiden.
Any advice and information on this website is general only and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
*Cash investment is 100% in deposits with Australian deposit-taking institutions, using 15% tax on income. Balanced investment is around 70% in shares/property, 30% in cash/fixed interest, with an effective tax rate of 6.5% due to the tax-effective nature of a range of the investments.