Difference in Age Pension and total income when 30 per cent is invested in a lifetime annuity, compared to if all funds were invested in an ABIS Outcomes for a couple homeowner with $800,000 in superannuation and no other assessable assets Age Pension and total income in each year: immediate lifetime products Age Pension and total income in each year: deferred products Total retirement outcomes Lifetime Annuity Self-Annuity Deferred Products Products Products ABIS (min. 30% LA / 50% GSA / 30% DLA / 20% DGSA 100% LA 100% GSA draw down) 70% ABIS 50% ABIS 70% ABIS / 80% ABIS Age Pension 351,626 457,725 397,792 431,535 417,711 409,427 418,976 Product Income 561,066 636,153 583,592 733,208 647,137 647,049 654,796 Total Income 912,692 1,093,878 981,384 1,164,743 1,064,848 1,056,476 1,073,772 Death Benefit / Bequest 167,810 53,220 133,433 0 83,905 68,753 60,328 Total (including bequest) 1,080,502 1,147,098 1,114,817 1,164,743 1,148,753 1,125,229 1,134,100 Difference in Age Pension and total income when 30 per cent is invested in a lifetime annuity, compared to if all funds were invested in an ABIS Outcomes for a single non-homeowner with $400,000 in superannuation and no other assessable assets
Difference in Age Pension and total income when 30 per cent is invested in a lifetime annuity, compared to if all funds were invested in an ABIS Outcomes for a couple homeowner with $800,000 in superannuation and no other assessable assets Age Pension and total income in each year: immediate lifetime products Age Pension and total income in each year: deferred products Total retirement outcomes Lifetime Annuity Products Self-Annuity Products Deferred Products ABIS (min. draw down) 100% LA 30% LA / 70% ABIS 100% GSA 50% GSA / 50% ABIS 30% DLA / 70% ABIS 20% DGSA / 80% ABIS Age Pension 351,626 457,725 397,792 431,535 417,711 409,427 418,976 Product Income 561,066 636,153 583,592 733,208 647,137 647,049 654,796 Total Income 912,692 1,093,878 981,384 1,164,743 1,064,848 1,056,476 1,073,772 Death Benefit / Bequest 167,810 53,220 133,433 0 83,905 68,753 60,328 Total (including bequest) 1,080,502 1,147,098 1,114,817 1,164,743 1,148,753 1,125,229 1,134,100 Difference in Age Pension and total income when 30 per cent is invested in a lifetime annuity, compared to if all funds were invested in an ABIS Outcomes for a single non-homeowner with $400,000 in superannuation and no other assessable assets