Retirement Income Simulator

A couple of parameter updates have been released for Australia:

  • The current Age Pension rates increased from 20 September, which bring annual homeowner rates to $22,805 (single) and $34,382 (couple)
  • The 37% personal income tax threshold increased from $80,000 to $87,000 as announced in the Budget

The rest of the Budget 2016 legislation is still being drafted and it could be a few months until it passes. We’ll keep our clients informed.

In the latest release, we have also moved the chart options from the View menu to below the chart to give them some more visibility.

We recently welcomed Westpac NZ Staff Scheme as a RIS client and will shortly launch a RIS for Goldman Sachs and JBWere Superannuation Fund.

Tags: updates age-pension income-tax budget design