- If you changed your contribution rate during the year, this will impact on your Red/Amber/Green (RAG) status. For example, if you increased your member contribution rate from 13% to 14%, this could be enough to move you from Red to Amber or from Amber to Green.
- If the investment return earned on your retirement savings over the last year is higher or lower than was assumed in the 2019 calculations, this could affect your Retirement Planning Status. Because of market conditions, the investment return earned up to 30 June 2020 on the default investment (Old Mutual Absolute Smooth Growth Portfolio) was lower than the assumption used in the 2019 calculation, and this could have caused your Retirement Planning Status to change (e.g. to move from Green to Amber, or from Amber to Red).
- If you received a salary increase which is higher or lower than what was assumed in the 2019 calculations, this could affect your Retirement Planning Status.
- The mortality assumptions used in projection calculations are updated each year, which can have a small impact on your Retirement Planning Status
Remember, your Retirement Planning Status is only a rough guideline, and it is based on numerous assumptions about the future, so it can be influenced by various factors.
