Pension Systems

Global Pension Support

Plan in Decades includes built-in support for pension and retirement systems from multiple countries. Each system has different rules for contributions, tax treatment, and withdrawal.

Supported Systems

Australia - Superannuation

Australian superannuation (super) is a compulsory retirement savings system:

• Employer contributions - Currently 11.5% of salary (increasing to 12%)
• Concessional contributions - Pre-tax contributions up to annual caps
• Non-concessional contributions - After-tax contributions with higher caps
• Preservation age - Generally 60 for most people
• Tax treatment - 15% tax on contributions, tax-free withdrawals after 60

USA - 401(k) and Roth IRA

American retirement accounts with different tax treatments:

401(k)

• Pre-tax contributions reduce taxable income
• Employer matching available
• Taxed on withdrawal
• Required minimum distributions (RMDs)

Roth IRA

• After-tax contributions
• Tax-free growth and withdrawals
• No RMDs during owner’s lifetime
• Income limits for contributions

UK - Workplace Pension

The UK workplace pension system:

• Auto-enrollment - Employers must enroll eligible workers
• Minimum contributions - 8% total (5% employee, 3% employer)
• Tax relief - Contributions receive tax relief at your marginal rate
• Access age - Currently 55, rising to 57 in 2028

New Zealand - KiwiSaver

New Zealand’s voluntary retirement savings scheme:

• Contribution rates - 3%, 4%, 6%, 8%, or 10% of salary
• Employer contributions - Minimum 3%
• Government contribution - Up to $521.43 annually
• First home withdrawal - Can withdraw for first home purchase
• Access age - 65 (or earlier for first home/hardship)

Using Pension Systems in Scenarios

When creating a scenario, select your country and the relevant pension system. Plan in Decades will:

1. Apply the correct contribution rules
2. Calculate tax implications
3. Model growth over time
4. Show when funds become accessible
5. Include pension in your overall retirement picture