Pension drawdown calculators6/2/2023 We make the following default assumption for investment return: For example the super balance shown for age 65 is the balance at 1 July after your 65th birthday. Your projected income results are shown for the financial year beginning on 1 July after you reach the age indicated on the chart.Your projected account based pension balance is shown at 1 July after you reach the age indicated on the chart.Income from the government age pension or any other investments is not included. Only your retirement income from your account-based pension is included in projected results.You can select the age you want your super to run out in 'Advanced settings - Other'. The calculator determines the retirement income such that your account-based pension account will last until the 1 July after you reach the age your super is set to run out.The calculator applies the minimum drawdown rules annually to your drawdowns from your account based pension each year which may result in a higher income being paid to you in some years.The calculator determines the drawdowns from your account based pension required to achieve a steady income in retirement.It is assumed you have retired on or after the relevant preservation age.The calculator does not allow for balances in excess of the Transfer Balance Cap.This Transfer Balance Cap of $1,700,000 at 1 July 2022 is indexed with CPI inflation over time and increases in increments of $100,000. The Transfer Balance Cap is the cap on the amount of superannuation eligible to be transferred to account based pensions in retirement.$ per annum Administration Fees and Advisor Fees.Wage Inflation is used to inflate the following legislative and other factors throughout the projection:.CPI inflation is used to inflate the following legislative factors throughout the projection:.We make the following default assumptions about CPI inflation and Wage Inflation (which you can change under the Advanced Settings - Other section of the calculator):. ![]() Results are shown in today's dollars, which means they are adjusted for future increases in cost of living by deflating projected values back to today’s dollar value using the CPI inflation assumption.We assume your account balance will receive all income and outgoings mid-year.It will not work for defined benefit funds. ![]()
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