Superannuation is a key part of your long-term wealth. JettWorth models employer contributions and super growth in every projection.
What is super?
Super is Australia's retirement savings system. Your employer is required to contribute a percentage of your salary into a super fund on your behalf. The money is invested and grows over time, but you generally can't access it until you reach preservation age (currently between 57 and 60, depending on your birth year).
Employer super contributions
Your employer contributes 11.5% of your ordinary earnings into your super fund. This is called the super guarantee. JettWorth applies this rate automatically in projections.
Example: on a $100,000 salary, your employer contributes $11,500 per year to your super.
Note: The super guarantee rate is legislated to increase over time. JettWorth uses the current rate and updates when changes take effect.
How super is modelled in projections
Each year in the projection, JettWorth:
- Calculates employer super contributions based on your salary
- Applies the assumed super return rate (default 7% per year) to your growing balance
- Accounts for the 15% tax on before-tax (concessional) contributions
- Shows super as a separate component in your net worth breakdown
This means your projected net worth includes super, but your liquid net worth does not — because you can't access it until preservation age.
Voluntary (salary sacrifice) contributions
If you're considering salary sacrificing, use the Salary sacrifice calculator first to see the tax savings vs the cash flow impact. You can also model voluntary contributions inside the projection by editing your super asset.
Super in your snapshot
When taking a monthly snapshot, update your super balance to the current value shown in your super fund app or website. You don't need to add contributions manually — JettWorth uses the balance you enter as the starting point.
Super phases in projections
JettWorth tracks which phase your super is in:
- Accumulation phase — while you're working and contributions are being made
- Pension/retirement phase — after you retire, when you begin drawing down
The projection adjusts tax treatment based on the phase, including the tax-free pension phase for retirees.