How does Lifetime Income work?
We have created an Annuity Factor. It is a Personal Factor.
We take into consideration, your gender, your age, your tax rate and what we expect future investment returns to be at any point in time.
We combine these all together and create a single number which is your Personal Annuity Factor. We then apply this to your account balance and that tells us how much income you can drawdown each year, paid fortnightly, after tax, and be confident it will last you a lifetime.
The Lifetime Annuity Factor, is all about your personal life expectancy.
Everybody is different, everybody lives a different length of life. So when we calculate your annuity factor, every year we check in on your birthday to make sure you can always have that confidence your income will last your lifetime.
Happy Lifetime Customer
Appreciate your work now and right from the start - I'm very relieved I signed up with Lifetime 3 years ago.
We Manage Money Differently
We’ve learned that there are significant differences in how you manage money between those people who are saving for retirement and those people who are in retirement. They have got a very different set of challenges.
We manage retirees money a little differently to people who are saving for retirement. The reason for that is we have to make sure retirees savings last.
Lifetime invests your retirement savings and then distributes your savings and the investment returns after fees and taxes in regular income payments that may continue for your nominated lifetime. The payments are not guaranteed and may change from one year to the next.
Your Retirement Income
Everyone is different, discover your income today.
Have a question?
We would love to hear from you.
Postal Address
PO Box 10760, Wellington, 6140
Physical Address
Level 3, 120 Featherston St, Wellington Central, Wellington 6011