| Item | Field | Where can I find this? | What is it? | Example |
|---|---|---|---|---|
| 1 | Description | Fact Find input/Optimisation | If existing, this is the Name of the existing annuity. If New, it will depend on the list of annuities available. | – |
| 2 | Owner | Fact Find input/Optimisation | This is the owner of the annuity selected on the Fact Find. For “New” aannuity, the Owner of the asset is determined by the optimisation engine. | Jane |
| 3 | Creation Type | Calculated | An annuity is either “existing” or “new”. If new, the annuity previously did not exist. | Existing |
| 4 | Deductible Portion | Fact Find input/Calculated | If existing annuity this is an input. If new, then calculation is: (Purchase price – Commutations)/Relevant number | 0 |
| 5 | Previous Commutations | Fact Find input/Calculated | If existing annuity this is an input. If new calculation then this is | 0 |
| 6 | Relevant number | Calculated | If Lifetime annuity this is life expectancy, if Term than this is the Term. | |
| 7 | Reversionary Nomination | Fact Find input/Optimisation | If Yes, deductible portion is based on partners life expcetancy. | FALSE |
| 8 | Type | Fact Find input/Optimisation | Lifetime or Term | 1 |
| 9 | Purchase Price | Fact Find input/Optimisation | For existing annuities this is set on the Fact Find. For “New” annuities, purchase price will be determined by the list of annuity options (see annuity list). | 0 |
| 10 | Purchase Date | Fact Find input/Optimisation | Date of purchase | 36892 |
| 11 | Residual Value | Fact Find input/Optimisation | Amount to be paid out at the end of the annuity term | 0 |
| 12 | Income Received | Fact Find input/Optimisation | Income received every year | 0 |
| 13 | Index Rate | Fact Find input/Optimisation | Rate at which income is indexed every year. | 0 |
| 14 | Lifetime Annuity | Fact Find input/Optimisation | Is annuity a lifetime annuity | 1 |
| 15 | Term | Fact Find input/Optimisation | Term of annuity | 0 |
| 16 | Current Value for Centrelink | Calculated | Purchase price – (Deduction * Term lapsed) – Note: Term lapsed is to the nearest 6 month period (rounded down) | 0 |
| 17 | Sale Proceeds | Fact Find input/Optimisation | Optimised decisions. Proceeds are sent to savings. | 0 |
| 18 | Purchased from cash | Optimised decision | Determined by optimisation engine | 0 |
| 19 | Super rollin | Calculated | See rollover matrix | 0 |
| 20 | Pension rollin | Calculated | See rollover matrix | 0 |
| 21 | Revised value | Calculated | Item 16 – Item 17 + Item (18-20) | 0 |
| 22 | Assessable Social Security asset test | Calculated | Depends on purchase date (see assumptions) | 0 |
| 23 | Net Assessable Income | Calculated | (Income – deductible) | 0 |
| 24 | Rebate | Calculated | Net assessable income * 15% | 0 |
| 25 | Net Taxable Income | Calculated | IF: Super annuity & > 60, then 100% not taxable. If not 60, then: (Income – deductible) | 0 |
| 26 | Transfer Balance Cap – A | Calculated | Amount that this counts towards the pension transfer cap. | 0 |
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