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Account-based pension restriction
super balance at retirement may exceed the transfer balance cap. We have assumed that the excess
remains in accumulation phase and will be drawn down to meet desired income each year.
You'll be paying your home loan into retirement
Your home loan balance will be
at retirement. You can use the
retirement lump sums
panel to withdraw money from your super to pay off your home loan.
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- Summary
- Your income
- Your balance
- Your home loan
Connected
Projected retirement income (in today's future dollars)
Projected super balance (in today's future dollars)
NOW
RETIREMENT
BEYOND
COMPARE
Now
Age
years old
net income
PARTNER
years old
net income
YOUR CONTRIBUTIONS
from your
each year
each year
before tax
each year
each year
in regular
contributions
each year
contributions
each year
in one off
contributions
contributions
Retirement
Age
which includes
in other retirement savings
in market linked investments
in Mercer LifetimePlus
in a longevity option
and live on
at least
a year
( that's
per week )
Beyond
Age +
With
of your client's super invested in Mercer LifetimePlus,
they can now expect to receive an income above the age pension for as long as they live.
105
Based on your age
and sex, there is a
and sex, there is a
However, your longevity option
will continue to provide an
income after your market
linked investments run out
will continue to provide an
income after your market
linked investments run out
Compare
If you make the following changes:
You could retire with
Your super
could at least
could at least
Your risk of outliving your
super could by
super could by
Longevity withdrawal value (in today's dollars)
Home Loan Balance (in today's dollars)
Chart controls
Chance of living to each age
New scenario created
| Saved | New | |
Your age
You have a Custom
investment strategy selected. Please select a different investment strategy
if you are already retired.
Are you already retired?
Current annual salary
Current super balance
Sex
After-tax contribution restriction
Your super balance may exceed the transfer balance cap (currently $1.9 million) in the future. This means you’ll no longer be eligible to make after-tax contributions from that time.
Salary sacrifice restriction
Based on current settings, your concessional contributions will breach the cap.
Concessional contributions include employer contributions, salary sacrifice contributions
and employer-funded defined benefits. Any excess concessional contributions will be
treated as non-concessional and taxed at your marginal rate.
Are you self-employed?
Employer super contribution
%
Voluntary contributions
Total voluntary savings p.a.
After-tax contribution p.a.
Government co-contribution p.a.
Salary sacrifice contribution p.a.
After-tax contribution p.a.
Government co-contribution p.a.
Salary sacrifice contribution p.a.
Allocate contributions manually
Allocate automatically
Do you expect to make a one-off super contribution?
One-off contribution age
One-off contribution amount
Number of career changes
First career change
Age
First career change salary
Second career change
Age
Second career change salary
Third career change
Age
Third career change salary
Number of career breaks
First career break age
First career break length
year(s)
Second career break age
Second career break length
year(s)
Third career break age
Third career break length
year(s)
Allow for Age Pension?
Home owner
Home loan balance
Interest rate (% p.a.)
Repayments (monthly)
Investment assets
Other assets
Other income pre-retirement ($ p.a.)
Other income when retired ($ p.a.)
Your spouse/partner
Current age
Current annual salary
Current super balance
After-tax contribution restriction
Your partner's super balance may exceed the transfer balance cap (currently $1.9 million) in the future. This means they’ll no longer be eligible to make after-tax contributions from that time.
Salary sacrifice restriction
Based on current settings, your concessional contributions will breach the cap.
Concessional contributions include employer contributions, salary sacrifice contributions
and employer-funded defined benefits. Any excess concessional contributions will be
treated as non-concessional and taxed at your marginal rate.
Is your partner self-employed?
Employer super contribution
%
After-tax contribution p.a.
Salary sacrifice contribution p.a.
Does your partner expect to make a one-off super contribution?
Contribution age
Contribution amount
Number of career changes
First career change
Age
First career change salary
Second career change
Age
Second career change salary
Third career change
Age
Third career change salary
Number of career breaks
First career break age
First career break length
year(s)
Second career break age
Second career break length
year(s)
Third career break age
Third career break length
year(s)
Desired retirement income
Retirement age
Spouse retires at different time?
Partner retirement age
Partner retirement age
Number of lump sum withdrawals in retirement
First lump sum withdrawal
your age
Your home loan at age is:
Withdrawal amount
Second lump sum withdrawal
your age
Your home loan at age is:
Withdrawal amount
Third lump sum withdrawal
your age
Your home loan at age is:
Withdrawal amount
Lump sum withdrawal restriction
One or more of your lump sum withdrawals was greater than the amount remaining in your account that
year, and has been reset to 0.
Investment option
(default investment return)
Investment option (default return in retirement)
| Investment Strategy | Percentage Allocated |
|---|---|
| % | |
| Investment Strategy | Percentage Allocated |
|---|---|
|
%
Please enter a number from 0-100
|
|
| Total (must be 100%) | % |
Default return in retirement:
Adjust default investment returns by
%
Change fees
Hide fees
Adjust default percentage based fees by
%
Percentage based fees
%
Percentage based fees in retirement
%
Dollar admin fee
Insurance premium
Change inflation rates
Hide inflation rates
Inflation (Consumer Price Index growth)
%
Improvement in living standards
%
What is this?
Investment option
(default investment return)
Investment option (default return in retirement)
| Investment Strategy | Percentage Allocated |
|---|---|
| % | |
| Investment Strategy | Percentage Allocated |
|---|---|
|
%
Please enter a number from 0-100
|
|
| Total (must be 100%) | % |
Default return in retirement: