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The projection assumes that you and your companion (if applicable) will retire to the 1 July after achieving the selected retirement age.
Recent changes into the methodology and assumptions Employed in the calculations will effects the projection final results. As of eight February 2023, the outcome are now adjusted for future increases in cost of living by deflating projected values back again to nowadays’s dollar worth.
The default assumptions With this calculator are determined by Treasury’s prolonged-expression retirement revenue products. To find out more on Treasury’s very long-time period retirement earnings modelling assumptions see the 2019 Treasury Analysis Institute paper ‘Accumulation of superannuation across a lifetime’.
You furthermore may enter information regarding your retirement plans. This would include when you and your significant other if you have just one decide to retire, any time you plan to choose Social Safety, plus your approximated everyday living expectancy.
Only your retirement profits from a and your spouse's (if applicable) superannuation account (if relevant) and account-dependent pension and The federal government Age Pension is A part of projected success. Money from any other investments isn't incorporated.
The Wage Inflation assumption is utilized for the interval around retirement and the CPI inflation assumption to the interval in retirement.
Take into account updating the projections furnished by this model routinely, significantly In case your situation have changed.
Like most items in life, financial planning software isn’t a person dimensions matches all. Listed here are 4 variables to think about prior to deciding to examine specific alternatives:
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A: Gentlemen and women have different everyday living expectancies. On normal a lady's Tremendous must final three several years for a longer time than a male's super Which is the reason a lady's income from Tremendous will likely be lower, all other points getting equivalent.
Such as your companion (if any) will allow a more exact estimate within your Age Pension entitlement as a pair. If you don't incorporate your companion the projection of one's Age Pension entitlements won't be exact.
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