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Keep up-to-date with the latest improvements to all of our Retirement Income Simulator products

Retirement Income Simulator

Superannuation calculator regulations updated

On 30 June 2022, ASIC released Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 and Regulatory Guide 276: Superannuation forecasts: Calculators and retirement estimates. (Superannuation calculators have been removed from the existing generic calculators instrument.) The majority of the changes are focused on retirement estimates, but there are some changes for superannuation calculators. Key points are:

  • The Retirement Income Simulator is a superannuation calculator under the new regulations
  • Superannuation calculators are member data agnostic
  • Personal data can be inputted into a superannuation calculator
  • 'Inputted' includes inputted with member consent
  • Super calculators must use standard default inflation rates of 4% p.a. for salary growth and 2.5% p.a. for price growth
  • Providers of calculators are encouraged to ensure that their default investment returns are consistent with the standard default inflation rates (RG 276.212)
  • Future values must be deflated using salary growth for the period up to retirement age and price growth for the period after retirement age
  • The disclosure requirements are unchanged from the generic calculators requirements

There is a six month transition period to the new regulations, which must be complied with by 1 January 2023. We are expecting to have the Retirement Income Simulator updated well before that.



Tags: regulation



Calculator update 1 July 2022

Today we released the updated Retirement Income Simulator for the 2022-23 financial year. There were no changes to the underlying calculations, just parameter updates as follows:

  • Co-contribution eligibility income threshold to $42,016
  • SG minimum rate to 10.5%
  • SG maximum contributions base to $240,880
  • Age pension means test and deeming thresholds
  • Underlying indexed values of contribution caps and transfer balance cap
  • Extension of minimum drawdown relief for 2022-23

In addition, disclosure relating to these parameters was updated



Tags: update



Calculator update 1 July 2021

Today we released the updated Retirement Income Simulator for the 2021-22 financial year. There were no changes to the underlying calculations, just parameter updates as follows:

  • Co-contribution eligibility income threshold
  • SG minimum rate
  • SG maximum contributions base
  • Age pension means test and deeming thresholds
  • Underlying indexed values of contribution caps and transfer balance cap
  • Extension of minimum drawdown relief

In addition, disclosure relating to these parameters was updated



Tags: update



Tax changes arising from Federal Budget 2020

The Federal Government brought forward tax threshold changes to apply retrospectively from 1 July 2020. We have now released this into the Simulator. The new rates don't affect the super calculations, just the after tax income from salary.


Tags: tax budget



Calculator update 1 July 2020

Today we released the updated Retirement Income Simulator for the 2020-21 financial year. There were no changes to the underlying calculations, just parameter updates as follows:

  • Co-contribution eligibility income threshold
  • SG maximum contributions base
  • Age pension means test and deeming thresholds
  • Underlying indexed values of contribution caps and transfer balance cap


Tags: update




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Posts by Quarter

2022 q3

Superannuation calculator regulations updated
Calculator update 1 July 2022

2021 q3

Calculator update 1 July 2021

2020 q4

Tax changes arising from Federal Budget 2020

2020 q3

Calculator update 1 July 2020

2020 q2

Making the simulator more accessible
Two new RIS features

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