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Calculator Assumptions

To make the calculators as easy to use as possible we have made a number of assumptions; 
  1. In general - calculations do not allow for the impact of inflation or for any change to interest rates which happens from time to time.  Also, we have not considered any impact on your tax liability or on any government benefits you might receive.
  2. Assumptions for the monthly loan calculator - we have assumed that the monthly interest is based on Annual Interest Rate divided by 12, that interest is credited monthly and that repayments are monthly in arrears.  In addition, we have not considered the impact of any account keeping fees or charges.
  3. Assumptions for the fortnightly loan comparison - we have assumed that fortnightly interest is based on Annual Interest Rate divided by 26.07, that interest is credited fortnightly and that repayments are fortnightly in arrears.  In addition, we have not considered the impact of any account keeping fees or charges.
  4. Assumptions for the savings calculators- we have assumed that monthly interest is based on Annual Interest Rate divided by 12, that interest is credited monthly and reinvested in the account, and that payments are monthly in arrears.  The calculators do not show the effect of any tax you may have to pay on interest earned, and we have not considered the impact of any account keeping fees or charges.