This calculator provides an indication of the amount of money you will be able to receive in retirement and still leave an estate benefit to your dependants.
| Assumptions |
| 1. |
Retirement Income increases each year with inflation at a default rate of 2.5% pa. This rate is the mid-point of the RBA target range for inflation. |
| 2. |
No allowance has been made for fees or taxation. |
| 3. |
Retirement savings increase each year with an investment rate (net of tax) at a default rate of 5.75% pa (ie. 3.25% pa above assumed inflation). The default rate of 5.75% p.a. is equivalent to the current cash target of the RBA. You may change the default rate. |
| 4. |
The calculator uses an initial life expectancy based on the Australian Life Tables 2000-02 and the Retirement Age entered. |
| 5. |
Interest is calculated daily and compounded yearly at 1 July each year of the projection, net of any tax. |
| If these assumptions are different to your situation the calculations will not be correct. |
| Disclaimer |
| 1. |
This "Planning your estate" calculator is based on our interpretation of tax laws as at 1 July 2006. |
| 2. |
This "Planning your estate" calculator does not replace personal financial product advice and you should seek specific professional advice prior to acting on any information. |
| 3. |
ClearView gives no assurance that this "Planning your estate" calculator is free of errors or suitable for any user's intended purposes. |
| 4. |
To the extent permitted by law, ClearView will not be liable for any damages or loss suffered by the user or anyone else from use of this "Planning your estate" calculator. |
| 5. |
Any advice in this lump sum investment calculator is general advice only and does not take into account your individual objectives, financial situation or needs ("personal circumstances"). Before acting on it you should consider the appropriateness of it, taking into account your personal circumstances. ClearView Financial Advisers are representatives of ClearView Financial Management Limited. |
