Will it last?
How it works
By years
By age
Years
Age now
Retire at
Plan to age
Savings
Spend a year
Interest
Household
Single
Couple
Advanced
Age now
Saved a year until then
Tax on interest
Inflation
Car, contents, other
Of the savings, in super
Paid into super a year
Super fees
Age Pension
Own your home
Age Pension test
Today's dollars
Savings
Income
Table
Savings
In super
Age Pension
From savings
Short
General information, not financial advice. Rates as at
.
How it works
Each year, spending comes from the Age Pension first, then your savings.
Interest is taxed at the rate you set (30% to start).
If some savings are in super: it can't be touched before 60.
At retirement, up to the transfer balance cap goes into a tax-free pension, which must pay the legal minimum each year. The rest stays taxed at 15%.
Division 296 tax on super over $3m and $10m.
Age Pension from
: assets and income tests, the lower one. Couples are the same age.
Interest and inflation start at the latest RBA figures. Change either.
Returns are steady. Real markets aren't.
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