RetireSMART!: How to Plan for a Tax-Free Retirement

Product Information

Wage Inflation is used to inflate the following legislative and other factors throughout the projection: If you contributed for a spouses’ and children’s pension your legal spouse/registered civil partner will receive your full pension rate for the first four weeks after your death. After that time, they will receive a pension of 50% of your pension and if you have eligible children a pension will also be payable to them.

Surviving spouses’/civil partners normally qualify for a contributory widow/widower/surviving civil partners pension from the Department of Social Protection. The Pensions Office will write to your spouse/civil partner, when advised of your death, and will provide all the necessary information to help them at that difficult time. Your projected account based pension balance is shown at 1 July after you reach the age indicated on the chart.The results from this calculator are based on the limited information that you have provided and assumptions made about the future. The amounts projected are estimates only and are not guaranteed. There is a lot to consider when comparing investment options between funds. Risk and return objectives and asset allocation within investment options may differ between funds and should be taken into account when comparing funds. Tax This calculator cannot predict your final superannuation benefit or level of retirement income with certainty because this will depend on your personal circumstances, unexpected life events, the age pension paid, investment earnings, tax and inflation. Personal Finance Portal (PFP) is our client portal that gives you access to view all your finances in one place 24/7 – anywhere, on any mobile or web device. We make the following default assumptions about CPI inflation and Wage Inflation (which you can change under the Advanced Settings - Other section of the calculator):

This calculator assumes that all assumptions remain steady and predictable over time. These assumptions are essential so the calculator can show the effect of things you may be able to control, such as choosing a different investment option.Consider updating the projections provided by this model regularly, particularly if your circumstances have changed. We assume that the indirect costs are charged as a % of your balance are charged mid-year on average. The calculator determines the drawdowns from your account based pension required to achieve a steady income in retirement.