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Account Based Pension Calculator
Our Account Based Pension Calculator helps you to determine how long your expected Superannuation benefit at retirement may last when taken as a pension.
  • Use the Account Based Pension Calculator
    • Enter the relevant information, using whole amounts.
    • Tab between fields, or click in the field you wish to change.
    • When you move to a different field, the calculator automatically displays your projected minimum retirement benefit for the first year.
      These values (with a coloured background) are for display only and cannot be changed.

  • Assumptions
    The calculator relies on certain assumptions (see below). Please note that if the assumptions used are not correct, or if there is any variation from these assumptions, that this may have a significant impact on the projected retirement benefit.
     
  • Disclaimers
     
Account Based Pension Calculator

An Account Based pension specifies a minimum pension amount allowable, based on the current account balance for each year. If you always take the minimum amount, the pension will last until age 100. Each year, you can nominate an amount between the minimum allowed, and the total remaining balance.

This calculator displays the minimum pension available in the first year. Click on "Display Graph" to calculate and display a graph and tables showing the minimum pension available year by year. Any nominated pension amount will also be displayed.

Pension Start Age Aged 55 or more
Expected Retirement Balance $ Greater than zero
Estimated Fund Crediting Rate % p.a. Between 0 and 20; greater than CPI
Estimated CPI increase % p.a. (Inflation) Between 0 and 20
Nominate a Pension Amount (if desired).

In this calculator, you can nominate a constant amount. The same amount will be used each year, after adding inflation. If the amount falls below the minimum, then the minimum for that year will be used; if it exceeds the remaining balance, then the remaining balance will be used.

Nominated amount $
 0 or between minimum (see below) and expected retirement balance (see above)
     
First year Minimum Annual Pension which should last until age 100
First year Nominated Annual Pension  
     
   
Assumptions:
  1. There is no entry fee.
  2. There is no pension payment fee.
  3. No tax has been applied to the pension payment.
  4. There are no weekly membership fees.
  5. An exit fee of $100 has been subtracted from the final payment.
  6. The calculator initially uses an investment rate of 8.0% p.a. This is a standard rate currently recommended by ASIC (Australian Securities and Investment Commission) for use when calculating investment returns on a balanced style investment portfolio.
  7. The Estimated Crediting Rate selected by you is used to calculate the Projected Retirement Balance.
Disclaimers:
  1. The Projection indicates the minimum and maximum pensions available in the first year of retirement. The figures are based on assumptions and are for Illustration only. They are not intended to be a substitute for professional financial advice.
  2. The projected Account Based pension profile is NOT GUARANTEED in any way. The actual performance of the fund will depend on future economic conditions, investment performance and future taxation.
  3. The Trustee of the Account Based Pension Fund and its administrator specifically disclaim any liability for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator.
  4. You should not make any decisions on the information contained herein, without first consulting your financial advisor.
  5. The calculation has been prepared based on information supplied by you. Should any of the variables change in the future the projected net retirement balance will also change.
  6. Apart from the variables supplied by you to complete this calculation the calculator does not take into account any other information that BUSS(Q) may have about you or your particular circumstances financial needs and objectives and therefore should not be acted on as investment advice.
  7. The use of the calculator is not an application to join BUSS(Q). Before acting on any information from this calculator you should obtain a copy of the BUSS(Q) Product Disclosure Statement.

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