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¹ SuperRatings - IFS Net Benefit to Member Research, June 2009.

Assumptions as at 30 June 2009:
1. $20,000 Start Balance
2. $50,000 Salary
3. 3.5% pa Salary Increase
4. 9% SG Contribution
5. Investment returns assumed to be the same for both funds  net of taxes but gross of fees
Calculations: Starting account balance is $20,000, initial salary is $50,000
The employer asset sizes of $150,000 is accumulated at a rate of 11.6% on a yearly basis
Inflation rate of 2.5%
3.5% wage increased rate
9% Superannuation Guarantee contribution
7.225% is assumed as investment return constantly to retirement. It is calculated from ASIC's FIDO model (gross of taxes and fees 8.5%) but with taxes of 15% subtracted.
No additional salary sacrifice or voluntary contributions15% contribution tax
Income is paid at the end of every year (i.e. compounded annually)
Contributions are made quarterly in arrears (i.e. the first contribution is made 3 months after joining fund)
Annual salary is deemed to be total assessable income for the purposes of Superannuation contribution surcharge calculations. Explicit costs deducted from members’ accounts (e.g. member fee) is subject to a 15% tax allowance.
Fees: Any contribution fees, entry fees, exit fees, and/or additional adviser fees are excluded from the default position of this model. However, contribution fees can be modeled by operator.
All fees (asset based admin fees, investment fees and member fees) are deducted from the account at the end of each period (year)
Asset size discounts on fixed dollar member fee are used to meet the different account balance of each scenario
Asset based admin fee is also subject to different level of employer asset sizes (i.e. asset size discounts are used on each scenario, if applicable).