Sarah is aged 30 on a salary of $55,000 p.a. and already has a Kiwi Saver balance of $15,000. She remains employed and contributing 3% of her before tax pay until she reaches retirement at age 65. She continues to receive the full Government contribution each year. In her first year on $55,000 her 3% contributions will work out to $32p.w. Her salary is assumed to grow by 3.5% p.a. Inflation is assumed to average 2% p.a. Her employer’s contributions are net of employer superannuation contribution tax. The returns are set by the Government and are used for illustrative purposes only and do not reflect the prospective performance of the Generate KiwiSaver Scheme or of any fund. They include tax of 28% (the highest and most common tax rate for KiwiSaver members) and average fees for the relevant sector. The returns are subject to investment and other risks (including potential losses). No returns are guaranteed or assured, and returns can at times be negative, particularly given the length of the investment period shown in the illustration. Past performance is not necessarily an indicator of future performance and returns over different periods may differ.