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Global update: Lonsec returns (Young v2)

Pathfinder Young v2: Released

Notes published


Useful links


Our default assumptions for some returns have been updated based on Lonsec’s recently published document, '2023 Lonsec Capital Market Assumptions’. These include changes to the capital growth and income distribution rates for Shares/managed funds, and interest rates for Cash, Fixed interest, and Loans.

These returns will automatically be applied when you add one of the aforementioned assets/loans in new cases. On the other hand, returns in existing cases will not convert to these new assumptions - so, for example, you can be sure the home loan interest rate you entered is not overwritten.

If you would like for an existing case to use our new Shares/managed fund returns, contact us at with the name of your case. Meanwhile, you can edit the the interest rates for Cash, Fixed interest, and Loans yourself using the Interest rate field.

Shares/managed funds

See the table ‘Shares/Managed fund returns (directly owned or in an SMSF)’ for our new values:

A notable change involves Australian equities (direct and trust), where franking has increased to 85% (previously 75).

Cash and Fixed interest

Interest rates (%p.a.) for cash and fixed interest have slightly increased about 0.8 percentage points from last year.

Fixed interest type

Old interest rate

New interest rate


2022/23 and 2023/24: 3

2024/25 onwards: 2.4

2023/24 and 2024/25: 4.1

2025/26 onwards: 3.2

Term deposit



Australian bonds



International bonds




Our default interest rate for Self-managed super funds limited recourse borrowing arrangements (SMSF LRBA) interest only loans has been increased to 10%p.a. This is due to the ATO’s LRBA minimum interest rate increase for 2023/24 from 5.35% to 8.85%.

Did you miss our previous update?

Earlier this month, we updated our help documentation’s look, added more pages, and created a sign-up form so you can be aware of new Pathfinder updates: New Pathfinder Release (Young)

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