Transition to Retirement Allocated Pension Calculator

Assumptions

• The calculations are specific to the RBF Allocated Pension.
• Pension payments are made fortnightly.
• The calculator uses a default crediting rate of 6.25% pa. This is a standard rate currently recommended by Australian Securities and Investments Commission (ASIC) for use when calculating investment returns on a balanced style investment portfolio. RBF has investment objectives for each MIC option.
• The default crediting rate of 6.25% gives a real rate of return of 3.25% pa, assuming an inflation rate of 3.00% pa. The real rate of return is the return that exceeds the rate of inflation.
• Pension values are increased annually in real terms by applying the assumed rate of inflation.
• Pensions are also adjusted on an annual basis with reference to the minimum and maximum pensions allowable by Commonwealth law.

Disclaimers

• This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product, including a decision in relation to a particular superannuation fund or strategy. Users should consider obtaining advice from an Australian Financial Services Licensee (such as RBF-TAS Planning) before making any financial decisions.
• The information in this calculator is of a general nature only. It is not a substitute for RBF legislation.
• The RBF legislation will be the final authority should any question arise.
• The RBF Board expressly disclaims all liability and responsibility to any person who relies upon anything contained in, or omitted from, this calculator.
• To the maximum extent permitted by law, RBF will not be liable in any way for any loss or damage suffered by you through use or access to this calculator.
• The rates of return that have been used in the projections have been determined following careful consideration based on investment and economic research. They are intended as estimates and should in no way be regarded as guarantees of actual performance.
• Your eventual benefit will be affected by the actual returns that are earned on investments, as well as the time at which your money is withdrawn.
• If your actual situation differs from the assumptions made, then the results may differ significantly from your eventual future benefits.
• You should note that, in times of adverse economic conditions, it is possible that the returns will be significantly lower, with the possibility of reductions in capital values.