When it's time to retire, you may want to turn your savings into a regular income.
Investing with your partner insures your income for both of your lives. If one of you were to pass away, the full income will be transferred to the surviving partner for the rest of their life.
My retirement income
Lifetime Annual Income$5,000
Income LastsFor Life
You will receive an insured income of after fees & tax for the rest of your .
Your annual Lifetime Withdrawal Benefit rate: %
This graph shows your regular income payments and account balance over time
Lifetime Annual Income
Term Deposit Annual Income
Lifetime Account Balance
Term Deposit Account Balance
This is an illustration only and makes broad conservative assumptions of market performance and timing of withdrawals in order to show future investment account balances. It is not a prediction of any particular outcome.
An average PIE tax rate of 17.50% p.a. is assumed. An average term deposit rate of 3.35% p.a. is used. Average term deposit rate calculated as an average of 1 year, monthly interest-paid, term deposit rates in NZ from www.interest.co.nz as at 3 February 2017
Calculations and Lifetime Withdrawal Benefit rate are based on age of younger partner.