Kate Upton

The AMP life expectancy calculator shows that Kate is expected to

live to the grand age of 103 (AMP, n.d.). According to the ASICs
Super age calculator, Kate can access her Super at the age of 59
because she was born in September 1963 (ASIC, 2015). Kate is
already 52 of age and has only seven more years until she can retire
and access her superannuation. Kate however doesnt plan to retire
at the age of 59 and so can only access her super at the age of 65
(ASIC, 2013). If she chose to Kate could also access a part of her
super from a transition to retirement pension. When the time comes
Kate can choose to receive her super in different amounts she ask
for, or as a retirement income stream, for example A$500 a month
(ASIC, 2013), she can also do both if she decides to.
Kate is self-employed as so doesnt receive any Super guarantee
contributions from her employer because she doesnt have one.
Kate has to rely on her own contributions in order to build up her
super (ASIC, 2014). Every year Kate contributes A$18,000 to her
superannuation with the limit that someone can individually
contribute is A$30,000. At the age of 50 the limit is increased to
A$35,000 (ASIC, 2014).
Kate has chosen an industry super fund called Media Super because
this super fund focuses on people who work on the entertainment
and art industries and provide benefits that suit these people like
Kate (Media Super, n.d.). Any voluntary super contributions Kate
makes, she can claim a deduction and so she doesnt have to pay
any tax on these contributions (Media Super, n.d.).