Retirement Income Simulator
A new release went live today, with a mix of user interface and legislative changes.

Legislative changes

On 22 June the Parliament passed the Fair and Sustainable Pensions Bill, increasing the full pension asset range by up to 31% (couples) but slashing the part pension asset range by around 48% from 1 January 2017. We have included this in the 1 July release assuming the new taper rate and the present value of the new assets thresholds are applicable now. We suggest all RIS users review their retirement plans in light of these changes:


As at 30 June 2015 From 1 January 2017
Single home-owner asset threshold $202,000 $250,000
Single not home-owner asset threshold $348,500 $450,000
Couple home-owner asset threshold $286,500 $375,000
Couple not home-owner asset threshold $433,000 $575,000
Asset taper rate $1.5 per fortnight for every $1000 of assets over threshold $3 per fortnight for every $1000 of assets over threshold


In addition we have updated our calculation engine with the following changes effective 1 July 2015:

  • Government co-contribution lower income threshold from $34,488 to $35,454
  • Updated figures for the Age Pension income test thresholds and deeming thresholds as follows:
    • Income test threshold is now $162 for single and $288 for couple
    • Deeming threshold for the lower deeming rate is now $48,600 for single and $80,600 for couple

The ‘Clean Energy’ tax cuts, which were supposed to commence 1 July 2015, were recently repealed and hence are not included in this release.


User Interface changes

We all tend to glaze over when presented with those necessary but dense T&Cs. Well the RIS has had a front page makeover, and here is the same content but presented better. Four important things you need to know about using the RIS, but a simple icon and a brief heading gets the message across more effectively.

We’ve also changed the way charts get incorporated into the PDF. Previously we converted the chart to an image before putting them onto the pdf. However now we re-create the chart on the server and add it into the PDF. You can see the differences in the following two images:


before: after:

Notice how much sharper the text is - if you zoom in on the PDF text it will now be crystal clear, no matter the size.

before: after: This also means that printing your PDF will give you a much better quality printout.


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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