It is possible to draw down capital in retirement over the same duration in many different ways. Each of these ways will have ramifications for Centrelink Age Pension entitlements in the years ahead except for individuals already on the maximum pension.
This Calculator will enable quick and convenient evaluation of what your future Centrelink entitlements are likely to be. It undertakes far more takes than this including working out anticipated future life expectancies for both alive and a subsequent period where only a single person will be payable; the level of retirement income that can be supported; the source of that income; how assets will be run down; and the progression of the assets and income means test reductions.
© NetActuary Pty Ltd 2012 ABN 94 108 585 164 Note: Responsibility to check appropriateness and accuracy remain with the end user as a condition of use.