Calculators
Disclaimer - Whilst the material on the site may be changed from time to time without notice, LGS does not provide any warranty as to the accuracy or completeness of the information provided on the site. Whenever you use this website you are deemed to have given your acceptance to these terms.
The calculations and results you are able to obtain from the calculators and tools are for illustration purposes and are not intended as a substitute for any specific financial advice you may obtain. The calculators and tools do not contain all the possible combinations of data and have used certain assumptions. The effect of certain factors, which could have an impact on your individual circumstances may not have been taken into account. LGSS Pty Limited cannot accept responsibility for any errors or omissions from the information or any reliance placed upon it.
These calculators are not intended to be relied on for the purposes of making a decision in relation to a financial product, including a decision in relation to a particular superannuation fund or strategy, and that consumers should consider obtaining advice from an AFS licensee before making any financial decisions. As a member of Local Government Super, this service is available to you at no additional cost.
Retirement and TTR calculator:
This tool projects retirement savings and income into retirement.
It allows you to examine the effects on your retirement income of:
- investment strategies (before and after retirement)
- contribution strategies
- career breaks
- retirement dates
- draw-down levels
- the Age Pension
- transition to retirement (TTR) strategies.
It also enables you to assess how long your retirement income may last.
Super contributions calculator
Depending on how much you earn, salary sacrifice contributions could be a tax effective way to boost your retirement savings.
Another way to boost your superannuation is to make after-tax contributions, which in turn could make you eligible for the federal government’s Co-contribution (this is primarily a benefit for low income earners).
This tool enables you to determine optimum contribution strategies by taking both of the above methods of boosting retirement income into consideration.
In particular the tool:
- demonstrates the effect of salary sacrifice on both take-home pay and retirement savings
- assesses eligibility for co-contributions
- estimates the amount of co-contribution based on your earnings and contributions
- estimates the maximum co-contribution you may be eligible for
- determines the minimum contribution required to receive the maximum co-contribution entitlement.
Budget calculator
This tool enables you to input your level of household income and expenditure using the most appropriate frequency for each type (e.g. monthly, quarterly, annually), and determines your overall level of surplus or shortfall.
This tool can then also be used to assess whether you are able to afford additional superannuation contributions.
Superannuation insurance needs calculator
This tool enables you to assess how much death, total and permanent disability (TPD) and salary continuance insurance you may need. It compares this need to cover currently held and identifies any insurance cover shortfall. The tool then provides a link to our insurance calculator which provides an estimate of the cost of taking out sufficient extra insurance to meet any shortfall identified.
Insurance requirements include covering the following:
- expenses incurred at the time of death or TPD claims
- repayment of outstanding debts
- future income replacement (including covering the cost of future superannuation contributions).
Risk profiler
This tool can assist you to assess your investment risk tolerances and preferences based on answers you provide to a short questionnaire. It then suggests an investment option which may be suitable based on your assessed risk preferences. It also provides further information about the Local Government Super investment options currently available.
Death and TPD insurance quote calculator
This calculator allows you to calculate your insurance premium for ‘Death only’ or ‘Death and Total and Permanent Disablement’ based on the premiums set by our insurer. Read more about the insurance options offered by LGS or contact Member Services on 1300 LGSUPER (1300 547 873).
Salary continuance quote calculator
This calculator allows you to calculate the premium payable for ‘Salary Continuance’ insurance. The premiums are set by our insurer. Read more about the insurance options offered by LGS or contact Member Services on 1300 LGSUPER (1300 547 873).