Technical update: CPI, AWOTE, and Various rates (Xiake v2)

Technical update

The Australian Bureau of Statistics (ABS) recently published figures for the previous year’s CPI and AWOTE, and the Reserve Bank of Australia (RBA) have released forecasts on these rates. As well, the ATO have updated various superannuation-related rates and thresholds on their website. The Department of Health and Aged Care also released an updated figure for the maximum permissible interest rate.

These changes have now also been updated in Pathfinder.

CPI and AWOTE

These figures are based on the RBA’s forecast on 7 February 2023, as well as the latest figures published by the ABS: CPI on 25 January 2023, for the December 2022 reference period; and AWOTE on 24 February 2023, for the November 2022 reference period.

Users with custom assumptions for CPI and AWOTE will have their forecasted value for 2022 automatically updated to the actual value. Future forecasted values will remain as customised.

Various rates

We updated our database with the latest figures published by the ATO from 24 February 2023, found here: Key superannuation rates and thresholds

As well, we updated the maximum permissible interest rate, for aged care, which increased from 6.31% to 7.06%.

Notes for existing users

Please refresh your results for active cases

If you have any existing cases in progress, please refresh your results by clicking the Start Solve button for any scenarios where you created results on or before the release date of Friday 31 March 2023. This will ensure that all your scenarios are consistent. Note that the numbers in your results may change when you re-solve, but it is better to be consistent across scenarios. If you are unsure when your results were created, see How to check when your results were created.

For the updated assumptions, any cases you started before the release date will continue with the previous assumptions. Any cases you create after the release date will have the new assumptions.