FAQ - Let's See - Annual "To Savings" total is higher than summed savings - Australia

Question

Clicking the bars of the Cash Flow chart, I notice that the annual total shown as going "To Savings" is actually higher than the total of the amounts I see being contributed to the savings accounts, when viewing the Investments tab in Year View.  Why the discrepancy between these sums?

 

Answer

We have a very limited amount of space on the small chart legend box, so by "To savings" we really mean the total contributions for the year to savings (including any surplus deposited to default cash accounts), investments and to pensions. 

Be sure to also check the Pensions tab of Year View. There you will likely find that in addition to the funds going into savings and investments (shown on the  Investments tab) contributions are also being made into one or more pensions. 

Add all of these together and you should get a total that matches the "To Savings" sum shown on the Cash Flow Chart.