ANNUAL TAX FREE AMOUNT & 15% TAX OFFSET CALCULATOR

This calculator generates factual information illustrating an estimate of the annual tax free amount of your regular income payment from an Retirement Income Stream or Transition to Retirement Income Stream. This information only applies if you are under the age of 60. The annual tax free amount is the part of your pension that you may be entitled to receive tax-free each year if your superannuation benefits you use to establish your pension include any tax free component, and is based on the information that you enter below. This calculator is intended for educational and information purposes only and does not constitute a recommendation or statement of opinion about the level of the tax free amount you may receive or any other matter relating to an Retirement Income Stream or Transition to Retirement Income Stream. For this reason you should not make any decision on the information provided without first consulting a licensed, or appropriately authorised, financial adviser.

Enter your details below to estimate your annual tax free amount.

Type of pension:

Retirement Income Stream
Transition to Retirement Income Stream
Date of birth
 /   / 
(DD) (MM) (YYYY)

Amount of pension account at the start of the financial
year or used to open the account($)        
This is the approximate total amount of superannuation benefit you expect to use to set up your pension account or have in your pension account at 1 July (Click here to check your account balance online).
Date you expect your pension to commence:
 /   / 
(DD) (MM) (YYYY)

Tax free percentage:  %
For the amount of your tax free percentage, please obtain this information from the fund or funds which hold your superannuation money which you intend to use to establish your Retirement Income Stream or Transition to Retirement Income Stream. Your tax free percentage is the tax free component divided by the account balance in the fund which holds your superannuation money.

Amount of annual income payments: $ 
If you have not already calculated an estimate of the maximum (if applicable) you may take and the minimum you can take , please use the maximum (if applicable) & minimum pension payments amount calculator in order to enter your chosen annual income payment here (Click here). Remember, the amount you choose must be within the minimum & maximum pension amount.