ReplacementRate: Replacement rate

Description Usage Arguments

View source: R/RcppExports.R

Description

Replacement rate.

Usage

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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)

Arguments

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.


HughParsonage/CRIMpp documentation built on May 7, 2019, 4:03 a.m.