Why is it that my 'estimated balance' that is displayed to me always lower than it should be.?
eg. If I have a balance of $1,035000 for FY25 on my statement and I contribute another $30000 this financial year, and my balance fund advertised return YTD is 4% {$41400}. That's a a total of $1,106400.
My actual 'estimated balance' is around $15000 less than that !
Hi @Mantas,
Your estimated balance being lower than expected is likely due to a few common factors that affect superannuation calculations. The difference between your manual calculation and the estimated balance can change based on several reasons.
Your calculation assumes a consistent 4% return throughout the year, but superannuation returns fluctuate daily based on market performance. The fund's advertised year-to-date return might not reflect the exact timing of when your contributions were invested or the actual performance during specific periods.
Other factors that could affect your estimated balance include:
The estimated balance shown in ATO online services is based on information reported by your super fund, and there can be delays in reporting or differences in how returns are calculated versus applied to individual accounts.
Contact your super fund directly to get a detailed breakdown of your account activity and ask them to explain the specific factors affecting your balance calculation. They can provide the most accurate information about fees, investment timing, and performance that impacts your individual account.
Hi @Mantas,
Your estimated balance being lower than expected is likely due to a few common factors that affect superannuation calculations. The difference between your manual calculation and the estimated balance can change based on several reasons.
Your calculation assumes a consistent 4% return throughout the year, but superannuation returns fluctuate daily based on market performance. The fund's advertised year-to-date return might not reflect the exact timing of when your contributions were invested or the actual performance during specific periods.
Other factors that could affect your estimated balance include:
The estimated balance shown in ATO online services is based on information reported by your super fund, and there can be delays in reporting or differences in how returns are calculated versus applied to individual accounts.
Contact your super fund directly to get a detailed breakdown of your account activity and ask them to explain the specific factors affecting your balance calculation. They can provide the most accurate information about fees, investment timing, and performance that impacts your individual account.
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