Archer - Setting Retirement Age and Income
Setting Retirement Age
A clients retirement age can be set within the Dashboard screen.
The retirement age here is indicating when a client is commencing an account-based pension.
A client may be retiring prior to this date, but not yet commencing an ABP. They may be reducing work hours and/or commencing a TTR.
If this is the case, income can be manually changed via the Detailed Tables section.
For example, if the client is going to work part time for the last few years before retirement, adjust the column below.
Setting Retirement Income
A clients retirement income can be set within the Dashboard screen. The default income is set to the ASFA comfortable retirement standard.
You can also change income amount at different stages, lets say the client wants $80K for the first 10 years of retirement and then reduce after that.
To do this, select Target Income/Year
Changes can be made on a specific year or proceeding years via the override column
