- The investment return selected is net of all fees and before tax
- The real rate of return used is the investment return less the inflation rate
- The calculator does not allow for any rise in community living standards in the future
- Administration fee of $1.10 per week
- Tax calculations assume that this is your only source of income
- Applicable tax rates and thresholds for the financial year 2010-2011
- Transition to Retirement Pension commenced at the start of the financial year
- Pension drawn annually at the end of the financial year
- Pension selection, i.e. minimum, maximum or other, remains in force for the life of the Transition to Retirement Pension
- Minimum pension amounts are calculated using the prescribed long-term percentages, they do not allow for the 50% reduction in minimum payments allowed by the government as a temporary measure for 2010-2011
- No lump sum withdrawals are made
- Your Tax File Number (TFN) has been advised to Media Super
This calculator is for illustrative purposes only. Although Media Super endeavours to ensure that the calculations are accurate, we cannot guarantee their accuracy or accept liability for any errors or omissions.
This calculator relies on the accuracy of information that you have provided as well as the assumptions stated. It provides an estimate of how long your superannuation will last and is not a guarantee. The calculator is not intended to replace professional advice and we recommend that you consider and assess your individual circumstances before making any financial decision.
Please note that this calculator is for Non-Commutable (Transition to Retirement) Pensions, suitable for those who have reached their preservation age and are still working when they commence a super pension. There is a separate calculator for Retirement Pensions, suitable for those who have reached their preservation age and are fully retired when they commence a pension.