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Our Income account won Money magazine's Best Balanced Pension Product for 2020.
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An Income account lets you use your super benefit to generate a tax-effective income in retirement. With an Income account you can:
This calculator helps you work out how long your retirement savings may last, based on the level of income you choose to draw.
The results are shown in 'today's dollars', meaning they are discounted to account for both inflation and increasing living standards. See the assumptions below for more details on this.
Please note: The Australian Government has halved the minimum drawdown required for the 2019-20 and 2020-21 financial years, from 4% - 14% down to 2% - 7% based on age. The calculator does not reflect this change given it is a temporary measure.