Retirement Income Examples
Everyone is different, so we have developed three simple and flexible solutions to delivering a regular retirement income.
These can be further customised to meet specific individual requirements, just talk to us at Lifetime for further information.
Investing as a couple? Click to find out more.
Meet Susan, Elizabeth and Jenny
They are all aged 70 and have a tax code of 17.5%. They have each chosen to invest $150,000 with Lifetime.
Each of them has chosen a different Retirement Income Solution.
Susan chose Stepped Lifetime Income
Elizabeth chose Inflation Adjusted Lifetime Income
Jenny chose Smoothed Lifetime Income
Incomes Level Comparisons
|
Age |
70 | 80 | 85 | 99 |
| Susan Stepped Lifetime Income |
$328 | $328 | $238 | $238 |
| Elizabeth Inflation Adjusted Lifetime Income |
$294 | $325 | $241 | $278 |
| Jenny Smoothed Lifetime Income |
$288 | $288 | $288 | $288 |
Incomes in the table are shown as fortnightly payments. The Retirement Income amounts in this table are for illustrative purposes only and are used to depict how the income types produce differing income levels.
Annual Review Examples
Stepped Lifetime Income
Susan will receive an Annual Retirement Income Review each birthday which may result in her retirement income being adjusted to provide a higher prospect of her income lasting her lifetime.
At aged 84, Susan can choose to alter her Target Age from 94 to 99, which could result in her income potentially being stepped down.
Inflation Adjusted Lifetime Income
Elizabeth will receive an annual increase of 1% p.a applied during her Annual Retirement Income Review each birthday which may result in her retirement income being adjusted to provide a higher prospect of her income lasting her lifetime.
At aged 84, Elizabeth can choose to alter her Target Age from 94 to 99, which could result in her income potentially being stepped down, after which the current 1% p.a. increase would continue.
Smoothed Lifetime Income
Jenny will receive an Annual Retirement Income Review each birthday which may result in her retirement income being adjusted to provide a higher prospect of her income lasting her lifetime.
Jenny’s Target Age is set at 99 throughout her retirement.
Customise Today
Lifetime Retirement Income solutions can be further customised to meet specific individual requirements, just talk to us at Lifetime for further information.