Retirement Income Simulator

Today we released an update that allows for the Budget legislation passed late November. In particular:

  • The reduction in concessional and non-concessional caps to $25,000 and $100,000 respectively
  • The reduction in the threshold for higher contributions tax to $250,000
  • Restricting after-tax (non-concessional) contributions once super balance exceeds $1.6m
  • The re-instatement of the LISC – now called Low Income Superannuation Tax Offset (LISTO)

We have applied these measures from this release (even though they are effective 1 July 2017) as these will be the conditions under which most users will be planning for retirement.

Note the $1.6m transfer balance cap limiting the amount able to be transferred to an account based pension is more complex and will be included in the near future.


Tags: updates budget 2016

Tag Cloud


updates (10) age-pension (6) design (2) retirement-planning (11) pdf (2) terms-and-conditions (1) government-co-contribution (1) asfa-retirement-standard (2) user-interface (2) retirement-age (1) compare-scenarios (1) regulations (1) ASIC (2) career (1) asfa-comfortable-standard (1) robo-advice (1) budget (4) inflation (2) asic (1) regulation (2) income-tax (1) 2016 (1) transfer-balance-cap (2) 2017 (1) fees (1) self-employed (1) feature (1) contribution (1) homeloan newfeature mortgage (1) regulation inflation assumptions (1)


Posts by Quarter

2019 q3

Deeming rate changes July 2019
Calculator update July 2019

2019 q2

Inflation update
Home loan feature

2017 q3

New enhancement for the self-employed
Calculator update July 2017

2017 q1

Calculator Updates for March 2017

2016 q4

Calculator Updates for December 2016
Inflation update
Calculator updates for October 2016

2016 q3

Modelling inflation in the simulator
Calculator updates for July 2016

2016 q2

Federal Budget 2016
Calculator updates for April 2016

2016 q1

Career changes in the Retirement Income Simulator
Changes to online calculator regulations

2015 q4

Calculator updates for December 2015
Alternative input methods for the Retirement Income Simulator
Retirement Income Simulator improvements for the retirement phase

2015 q3

Age Pension and ASFA Retirement Standard changes
How much super do you need?
Calculator Updates for July 2015

2015 q2

Congratulations to Media Super
Infographics for simplified retirement planning
Retirement Income Simulator gets a responsive redesign