PURPOSE OF THE CALCULATOR
For retirees on part Age Pension, this calculator provides an indication about whether an increased Centrelink entitlement can be obtained by changing grandfathered Account Based
Pensions to the new deemed ABPs. However, one should be mindful that deeming rates may increase at any time and once grandfathering is lost, it can't be regained.
||Age Pension Reduction|
NB: The income test may not be the dominant means test; income test free thresholds have not been
factored into the above and the drawings may not be optimal. Contact your adviser for a more detailed
analysis taking your whole retirement plan into account.