The Utility Calculator program contains the following calculators.
Annuity Income Calculator
This calculator permits you to enter a range of data and will provide an annual income as a result. In
the bottom right hand corner, the LEC relates to life expectancy data. The income calculated is an
approximation but is near enough when an actual company quote cannot be obtained.
Income Goal Calculator
This calculator is a supplemental superannuation goal calculator and measures the required amounts
needed for a certain income level to be calculated for retirement. All the numbers are variable and
can be altered immediately to see the resultant shortfall/excess.
Investment Goal Calculator
This calculator enables you to find the annual instalment required to achieve a set goal or vice versa,
or to determine how long it would take to achieve your goals. The columns are interactive, but you
do need to have one blank so that you can obtain the desired result.
Life Expectancy and Age Calculator
As the name implies, this calculator calculates the age and life expectancy of males and females. This
calculator is ideal for quickly calculating these figures.
Allocated Pension Minimum and Maximum Income Calculator
This calculator calculates the minimum and maximum income draw downs permitted by Treasury for
Allocated Pensions. Merely type in date of birth and invested amount and maximum and minimum
thresholds for drawing down are calculated.
TAP Income Calculator
By entering the maturity date and the account balance of the TAP investment, the annual income and
term of the investment can be calculated.
Regular Contribution Calculator
This calculator determines the end result of a savings program, given the initial investment amount,
regular monthly, quarterly, half yearly or annual contributions made over a period of time. It also
demonstrates the discounted (present day value) if desired.
Retirement Income Planner