What should be entered as an Annuity
In Pathfinder, you can model the following types of annuities:
Fixed term: Payments start from the purchase date and last for a specified period of time. There is an option to invest in multiple proposed fixed term annuities with the same details in different years, so that you do not need to add several similar annuities.
Lifetime immediate: Payments start from the purchase date and continue for the entire analysis period.
Lifetime deferred: Payments start from a specified age and continue for the entire analysis period.
Annuities can be started with super money or non-super money.
How to add an Annuity
To add an existing Annuity, go to the Current situation step (top menu), then the Assets & Loans sub-step. And then click the +Add Assets button (on the left menu). Then, choose 'Annuity'
To add a new Annuity, go to the Cash flows & Goals step (on the top menu), then the Review Assets & Loans sub-step. Then click the Add new Assets & Loans button (at the end of the page). Then choose 'Purchase an annuity'.
Modelling options for Annuity
Start a new annuity with superannuation funds
Start a new annuity with non-super money
Start multiple new fixed term annuities with the same details over different years
Results for Annuity
See Annuity results.
Strategy Development Service (SDS) and Background adjustment options
If the case includes complex analysis that you are not able to do in Pathfinder yourself, Optimo Support may be able to do some background adjustments to help you get the results you need. Depending on the complexity, this may be included as part of the standard support or additional charges may apply. For more details, please see Modelling outside the scope of Pathfinders' standard modelling.
Some examples of things that are outside the scope of Pathfinder's modelling and how Optimo support can help, are listed below:
Jointly owned annuities
Pathfinder can only model annuities with one individual as an owner.
Ifg you would like to model a jointly owned annuity, we will suggest that you enter two separate annuities.