Are you ready to retire? How long will the Government’s new $1,600,000 limit on concessional superannuation last you? And how much income will this generate if you retired today?
The answer is, “for the rest of your life!” when it is a lifetime annuity. Our actuaries have calibrated the value of $1.6M to be equivalent to an income stream of:
$93,665 p.a. for a 65 year old male or
$82,970 for a female (when indexed to the CPI).
How much superannuation do you have and how much income would you have if this were converted into a lifetime annuity today?
For all these answers, please visit our no obligation, online Superannuation annuity calculator at: