Change to Deemed ABPs

Ver2018.2.au 


INPUT DATA
Name:
Grandfathered ABP Bal $
Amount Drawn pa $
Deductible Amount pa $
Other Deemed Assets $
Type of Age Pension
 
ASSUMPTIONS USED:
Lwr Deeming Threshold Single $
Higher Deeming Threshold $
Lower Deeming Rate %
Higher Deeming Rate %
 
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PURPOSE OF THE CALCULATOR

For retirees on part Age Pension, this calculator provides an indication about whether an increased Centrelink entitlement can be obtained by changing grandfathered Account Based Pensions to the new deemed ABPs. However, one should be mindful that deeming rates may increase at any time and once grandfathering is lost, it can't be regained.


RESULTS

Assessable Amount Age Pension Reduction
Grandfathered ABP
Deemed ABP

CONCLUSION:

NB: The income test may not be the dominant means test; income test free thresholds have not been factored into the above and the drawings may not be optimal. Contact your adviser for a more detailed analysis taking your whole retirement plan into account.

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