![]() ![]() Please note that summaries can be printed and given to your clients. KeyBank’s Retirement Distribution Calculator takes the guesswork out of planning for retirement and helps you see how long what you’ve saved so far will last. You can find out more about the Drawdown Risk Calculator by contacting us. These will vary on the basis of your inputs so we recommend that you familiarise yourself with the full list of assumptions at the foot of the tool.įigures are for illustrative purposes only. Our calculator aims to provide an indication of the monthly pension contribution needed to fund the shortfall in your required pension income at your selected retirement age taking into account your existing pension funds, and the sustainability of that required pension income during retirement. The tool makes a number of assumptions in respect of gender, retirement age, current health, pension fund and monthly drawdown income requirement. ![]() This will be based on their specific income requirements, where the money is invested and the charges being taken. It will then determine the risk of your client running out of money at some point during retirement if they decide to go into drawdown. You receive a monthly income until the pension pot runs. So, you could use part of your pension to purchase an annuity and leave the rest invested to draw down from. You can also mix an annuity with pension drawdown. Start planning your pension withdrawals with our drawdown calculator. The amount you receive is determined by your annuity rate. It pays you a guaranteed regular income for the rest of your life. ![]() You can also change the product and adviser charges being taken. What are my pension options when I retire You can withdraw your pension savings as income drawdown. An annuity’s one way to take your pension when you retire.You can change the amount of income your client decides to take from drawdown, the assumptions around where the money is invested and the level of fund management.The tool will compare the guaranteed lifetime income they could secure (based on whether they're in excellent, reasonable, challenging or critical health) with the same level of income drawn on a flexible basis through drawdown.Add your client's total pension fund after the deduction of any tax free and taxable lump sums. The Calculator is designed to estimate your total retirement income, including benefits you may receive from the Age Pension and non-super investments. ![]()
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