Nursing Careers AustraliaNursing Australia Careers, we recruit, place and support Indian nurses in nursing positions throughout Australia.

How much will I be worth when I retire?

  • Employers in Australia are required to contribute 9% of gross salary.
  • the table below demonstrates how much this will be worth at retirement
  • Assumptions are based onĀ  the last 5 years of invested superannuation funds
  • Employees can contribute additional funds.
  • Interest earned on these funds are tax free
  • A nurse who is 25-35 years of age is likely to retire with over half a million dollars

Accumulated Earnings of Retirement Fund

Annual Salary % of Wage
Paid by Employer
Value of Fund at Retirement
Years Left To Retirement
15 years 20 years 25 years
$A 55,000 9% $161,718 $250,542 $372,962
$A 65,000 9% $182,406 $284,433 $425,166
$A 75,000 9% $203,095 $318,324 $477,371

The Assumptions

  • 2% inflation
  • Investment returns of 6%
  • Base of $20,000 already in super
  • Assumes 15% contributions tax
  • Assumes salary fixed
  • Employer contributes all 9%

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