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Overview

The Income Protection and Superannuation Guarantee Contribution Calculator in AdviserLogic’s Digital Advice module helps you model the financial impact of insurance premiums and employer super contributions on a client’s cashflow and super balance. It is particularly useful when preparing advice that involves income protection inside super or analysing how Superannuation Guarantee (SG) contributions affect long-term outcomes.

This calculator supports more accurate projections and strengthens your advice by clearly illustrating contribution levels, costs, and resulting balances.

⚠️Important

Support logins have read-only access to scenarios and cannot create or edit them. In addition, Support logins do not have access to Advice Tools. Only users with the Paraplanner or Adviser role can access Advice Tools and create or edit Digital Advice scenarios.

Accessing the Calculator

The newly built Income Protection Superannuation Guarantee Contribution interface is now available in Digital Advice Tools > Insurance Quoting and Research and within Digital Advice insurance scenarios.

From a client record, navigate to Digital Advice > Advice Tools > Quoting & Research.

Alternatively, navigate to Digital Advice > Scenarios, and select an Insurance Scenario.

From the left panel, navigate down the page to the Income Protection section, and select the pencil icon to enter Edit mode. The new Income Protection calculator can be found as a small icon next to the Income Protection heading.

Selecting the Calculator will open a new window, with a number of options to calculate the client's Income protection. The clients' existing income will populate from the Fact Find, however, this amount is editable to allow you to project any changes.

Select the Calculate button once the requisite amount is entered, or if the Fact Find income is correct.

The Monthly benefit amount will change, and the calculate button will be greyed out.

Select Save to save the Monthly Benefit, or edit the Annual Income amount or Replacement Ratio to reactivate the Calculate button.

The Monthly Benefit will be changed in the Income protection tile.

Changes can be made by selecting the calculator again.

Select 70%, 60% or 50% from the Replacement Ratio drop-down menu to enter a different replacement ratio amount.

If the button has been greyed out changing this parameter will reactivate it. Select Calculate then save the new value.

📌Note

Changing any of the parameters will reactivate the Calculate button once it has been used and greyed out as a result.

The calculated amount will be saved in the Income Protection tile.

To calculate the Superannuation Guarantee Contribution, select the tick-box.

A new section will open along the top next to the Monthly benefit, and the default percentage for Superannuation Contribution will show along the bottom of the tick-box, this is also editable. Once the correct amounts have been confirmed, select Calculate.