Non Ret Phase TTR Calculator

Non Commutable ABP Ver2018.3.au 

Data Input:

Name:
Date of Birth:
Start of Pension01/07/2018
Current Salary p.a.
Account Balance 30/6/18
Tax Free percentage
Accum Ac Earnings pa


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Notes:

This calculator estimates the increase in account balance from a TTR strategy that keeps the same take home pay. It tests in 0.05% steps which drawdown percentage produces the lowest tax. It does not take co-contributions, proportion of year, age 60 deferred drawing, max SG earnings cap or high earner Div 293 extra contribution tax into account. For these and an enhanced analysis, contact your advisor.



Results:



Results for 2018-19 Year

Without Transition to Retirement Strategy
Drawdown Percentage
Package
Plus Assessable Pension Income
Less Concessional Contributions
EQUALS TAXABLE INCOME
Less Tax and Medicare
Plus Rebate
Plus LMITO & LITO
EQUALS AFTER TAX INCOME
Plus Exempt Pension Income
Less Non Concessional Contributions
EQUALS TAKE HOME INCOME
  
Pension Start Balance
Less Pension Payments
Plus Interest
EQUALS PENSION END BALANCE
Accumulation Start Balance
Plus 85% of Concessional Conts
Plus Non Concessional Conts
Plus Interest
EQUALS ACCUM END BALANCE
FUND ASSETS END BALANCE
With Transition to Retirement Strategy
Drawdown Percentage
Package
Plus Assessable Pension Income
Less Concessional Contributions
EQUALS TAXABLE INCOME
Less tax and Medicare
Plus Rebate
Plus LMITO & LITO
EQUALS AFTER TAX INCOME
Plus Exempt Pension Income
Less Non Concessional Contributions
EQUALS TAKE HOME INCOME
  
Pension Start Balance
Less Pension Payments
Plus Interest
EQUALS PENSION END BALANCE
Accumulation Start Balance
Plus 85% of Concessional Conts
Plus Non Concessional Conts
Plus Interest
EQUALS ACCUM END BALANCE
FUND ASSETS END BALANCE

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