Replacement rate.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 | ReplacementRate(starting_age = 30L, retirement_age = 70L,
wage_method = "Constant prop AWOTE", starting_salary = 78200,
homeowner = TRUE, house_value = 250000, death_age = 92L,
start_fy_ending = 2016L, SG_rate_method = "Legislated",
drawDownMethod = "Min draw down", minDrawDown6474 = as.numeric(c(0.04,
0.04, 0.04, 0.04, 0.04, 0.04, 0.04, 0.04, 0.04, 0.04)),
minDrawDown7579 = as.numeric(c(0.05, 0.05, 0.05, 0.05, 0.05)),
minDrawDown8084 = as.numeric(c(0.06, 0.06, 0.06, 0.06, 0.06)),
minDrawDown8589 = as.numeric(c(0.07, 0.07, 0.07, 0.07, 0.07)),
minDrawDown9094 = as.numeric(c(0.08, 0.08, 0.08, 0.08, 0.08)),
minDrawDown9599 = as.numeric(c(0.11, 0.11, 0.11, 0.11, 0.11)),
short_run_wage_growth = as.numeric(c(0.0225, 0.025, 0.0275, 0.0325, 0.035)),
long_run_wage_growth = 0.0404, long_run_cpi_growth = 0.025,
initial_super_balance = 0, apply_pretax_cap = FALSE,
super_acct_fixed_fee = 320, contributions_tax_rate = 0.15,
asset_earnings_accumulation = 0.065, earnings_tax_accumulation = 0.15,
asset_earnings_pension = 0.055, earnings_tax_pension = 0,
div293_threshold = 250000, verbose = FALSE)
|
starting_age |
(Default: 30) The age in the first year of the model. Integer. |
retirement_age |
(Default: 70) Retirement age for the model. Integer. |
wage_method |
Constant proportion of AWOTE. |
starting_salary |
The AWOTE for the starting year. |
homeowner |
Is the person a home-owner? |
house_value |
What is the value of the home owned by the person? |
death_age |
Age of death. |
start_fy_ending |
Year ending of the financial year at the start of the model. |
SG_rate_method |
Rate of determining the super guarantee. |
drawDownMethod |
Method of draw down. |
minDrawDown6474, minDrawDown7579, minDrawDown8084, minDrawDown8589, minDrawDown9094, minDrawDown9599 |
Minimum draw-down rates for the given ages. |
short_run_wage_growth |
Vector of rates of wage growth for the first five years. |
long_run_wage_growth, long_run_cpi_growth |
Rate of wage/cpi growth beyond five years. |
initial_super_balance |
Super balance in first year. |
apply_pretax_cap |
Should the pre-tax cap be applied? |
super_acct_fixed_fee |
The fixed fee for the person's super account. |
contributions_tax_rate |
Rate of contributions tax. |
asset_earnings_accumulation |
Rate of asset growth in the accumulation phase. |
earnings_tax_accumulation |
Rate of tax on earnings in the accumulation phase. |
asset_earnings_pension |
Rate of asset growth in the pension phase. |
earnings_tax_pension |
Rate of tax on earnings in the pension phase. |
div293_threshold |
Threshold for Division 293 phase. |
verbose |
Report progress and internal calculations yearly. |
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