What's new

Calculator update 1 July 2026

Wednesday, 1 July 2026

Today we released the updated Retirement Income Simulator for the 2026-27 financial year.

• New 15% tax rate on up to $45,000 threshold
• Co-contribution eligibility income threshold to $49,293
• SG maximum contributions base to $270,833
• Age pension means test and deeming thresholds
• Underlying indexed values of contribution caps and transfer balance cap
• New Div 296 earnings tax on balances over $3m and $10m

In addition, disclosure relating to these parameters was updated.

Mortality rates updated

Tuesday, 25 March 2025

The Simulator 'Chance of survival' bar shows the likelihood of reaching selected ages based on your age and sex, and on the balance chart the age your super runs out includes the chance you will live to that age. These numbers are calculated based on mortality tables prepared after each census. Alongside the mortality rates are rates of mortality improvement. At most ages the mortality rates are improving (reducing) by up to 2% p.a., so that the rate of death for a 60 year old in 20 years is forecast to be perhaps 20% less than it is today.

Both the Australian and NZ governments have released new tables in recent years, and we have just loaded these tables into the Simulator.

Tags: mortality lifetable survival

ASIC regulations for super forecasts updated

Monday, 14 October 2024

ASIC has updated Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 in respect of the default wage growth assumption required to be used in super forecasts. The change will align the wage growth assumption used in regulations with the Government’s Intergenerational report 2023, a value of 3.7% p.a. There is no change to the default value of price inflation (remains at 2.5% p.a.)

We will update all Australian versions of RIS to reflect this change around the end of October

• The change will be visible in a new default value of Improvements in living standards of 1.2% p.a. This value is added to price inflation to determine wage growth.
• The today’s dollars value of super balances up to retirement age will be higher than under the previous wage growth assumption of 4% p.a.
• The indexation of the Age Pension (with wage growth) will be lower than previously; hence more super will be drawn for the same total retirement income.

Note this is a change in the assumptions for retirement modelling only, to align with the Government’s economic outlook. There are no changes to super rules.

Tags: asic compliance regulation wage growth

Calculator update 1 July 2024

Monday, 1 July 2024

Today we released the updated Retirement Income Simulator for the 2024-25 financial year. There were no changes to the underlying calculations, just parameter updates as follows:

• Stage 3 income tax cuts
• Co-contribution eligibility income threshold to $45,400
• SG minimum rate to 11.5% of salary
• SG maximum contributions base to $260,280
• Age pension means test and deeming thresholds
• Underlying indexed values of contribution caps and transfer balance cap

In addition, disclosure relating to these parameters was updated.

Calculator update 1 July 2023

Monday, 3 July 2023

Today we released the updated Retirement Income Simulator for the 2023-24 financial year. There were no changes to the underlying calculations, just parameter updates as follows:

• Co-contribution eligibility income threshold to $43,445
• SG minimum rate to 11.0% of salary
• SG maximum contributions base to $249,080
• Age pension means test and deeming thresholds
• Underlying indexed values of contribution caps and transfer balance cap
• Removal of minimum drawdown relief that had applied in earlier years

In addition, disclosure relating to these parameters was updated

Tags: update