SuperEasy Articles
Allocated Pension Calculator

The new life tables (Australian Life Tables 2000 -2002) are used to calculate allocated pension payment factors based on the life expectancy numbers, started the 1st of January 2006, replacing the old tables from 1992. The old tables were calculated with the projection of the pension ceasing at the age of 80.

The following tables illustrate the differences in calculating the Pension Valuation Factors using old and new Pension Valuation Factors:

Pension Start Date: 01/07/2005
Pension Balance Amount: $500,000

Age 55 60 65
Min Amount $23,697 $25,907 $28,902
Max Amount $43,478 $45,872 $50,505

Age 55 60 65
Min Amount $25,253 $28,090 $31,847
Max Amount $52,083 $55,556 $61,728

The new table allows allocated pensions to extend the pension term, so that payments can continue until the member reaches the age of 100. You can find out more about allocated pensions and road test SuperEasy Allocated Pension Calculator by selecting "Pensions" from

Last month, the Australian Securities and Investments Commission (ASIC) launched a new allocated pension calculator that allows consumers, not only to calculate minimum and maximum pension amounts, but the calculator also facilitates comparison of products available on the market. The calculator should help consumers see how different product fees and charges might affect their pension income payments they would receive during retirement.

The calculator, in Excel spreadsheet format, supports different investment options, fees including contribution, management and adviser, and can be downloaded from the following link: Allocated Pension Calculator

First Published: 7 February 2006 - Copyright © SuperEasy Pty Ltd

This article is intended to be a factual analysis of past investment returns. It is not intended, nor is it to be regarded, as investment/securities advice. It does not take into account whether any particular investment or type of investment is suitable for your individual circumstances. It is strongly recommended that you seek professional advice before making any investment choice or decision.

SuperEasy Pty Ltd is not licensed to provide advice on investments, or legalities of the types of investments that you can have. We strongly recommend that you seek professional advice from an AFSL holder before making any investment choice or decision.