Pat is aged 45 and wants to know about funding for her superannuation when she plans to reture at age 60. At the momernt, pat is single but has some propsect. She currentl earns about $120000 oer annum and her employer will let her salary sacrifice to super annuation.

As pats financial adviser the firs tthing you need to do is calculate the amount pat will need at retirement. Pats current tax rate is 37% (2017/18) excluding medicare levy and you expect that she could earn 6.5% gross in the long term on any investments, whether they are in superannuation or invested in her name. Calculate the estimate amount pat will require for retirement.