The update for my App is in its testing stage.
If you have an Android device and undertake calculations using the discount and deferred tables (3% / 5% / 6%) for future present values, this may be of interest.
New features include:
Introduction of the 6% tables; updated superannuation rates (below) and extended multiplier periods up to 80 years:
The Superannuation Guarantee (Administration) Act 1992 (Cth), s 19 provides that employers are required to pay superannuation benefits at a rate of 9.5% from 1 July 2014 until the year starting on 1 July 2021, and thereafter as follows:
(i) For the year starting on 1 July 2021 10%; (ii) For the year starting on 1 July 2022 10.5%; (iii) For the year starting on 1 July 2023 11%; (iv) For the year starting on 1 July 2024 11.5%; (v) For the year starting on 1 July 2025 12%.
I look forward to your feedback.
David Cormack – Brisbane Barrister & Mediator