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Transition to Retirement Pension Calculator
Our Transition to Retirement Pension Calculator helps you to determine how long your expected Superannuation benefit at retirement may last when taken as a pension.
  • Use the Transition to Retirement 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 and maximum allowable retirement benefits 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
     
Transition to Retirement Pension Calculator

A Transition to Retirement pension specifies a minimum and a maximum 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. The maximum amount allowed each year is 10% of the remaining account balance, until age 65, when the maximum amount allowed to be taken is the remaining account balance. Each year, you can nominate an amount between the minimum and maximum allowed.

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

Pension Start Age Between 55 and 65
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 or Percentage (if desired).

In this calculator, you can nominate a constant amount or percentage. Entering a value in one of these fields will automatically set the other to zero. If you specify an 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 maximum, then the maximum for that year will be used. If you nominate a percentage, then that percentage of the minimum amount will be added to the minimum amount for that year.

Nominated amount $
 0 or between Minimum and Maximum amounts (see below)
Nominated Percentage above minimum % Between 0 and 100
0 = Minimum pension each year;
50 = Min + 50% of Min;
100 = Twice the Minimum pension each year
     
First year Minimum Annual Pension which should last until age 100
First year Nominated Annual Pension  
First year Maximum Annual Pension which should last until age 80
     
   
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 Transition to Retirement 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 Transition to Retirement 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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