Two excellent new features in the Retirement Income Simulator are available now.
It is now possible to model a combination of investment options in the Retirement Income Simulator, by using the new 'Custom strategy' feature. We recognise that many super fund members have their savings in a combination of products, and having to choose a single option to use the RIS was a limitation for these customers.
On the Assumptions panel you can now select 'Custom' and enter percentages against each investment option, ensuring they add to 100%. This will then show the expected return for the combination strategy in the option menu.
We have limited this feature to the pre-retirement phase for now, and you can't combine with a Lifecycle option.
We have also changed the way voluntary contributions are set. Instead of setting both after-tax and salary sacrifice contributions on sliders, the user now sets the total voluntary contribution in after-tax dollars and the Simulator allocates between after-tax contributions and salary sacrifice contributions in a way that maximises the Government co-contribution and avoids breaching the concessional contribution cap. You can also select to manually allocate contributions as per previous functionality.