Key superannuation rates and thresholds

ETP tax table

Income component derived in the income year	Age at the end of the income year in which the payment is received	Component subject to tax	Maximum rate of tax (including Medicare levy)
Life benefit ETP -taxable component	Under preservation age	Amount up to the ETP cap amount	31.5%
	At or above preservation age	Amount up to the ETP cap amount	16.5%
	All ages	Amount above the ETP cap amount	46.5%
Transitional ETP - taxable component	Under preservation age	Amount up to the upper cap amount	31.5%
	At or above preservation age	Amount up to the lower cap amount	16.5%
		Amount above the lower cap amount up to upper cap amount	31.5%
	All ages	Amount above the upper cap amount	46.5%
Death benefit ETP paid to non-dependants -taxable component	All ages	Amount up to the ETP cap amount	31.5%
		Amount above the ETP cap amount	46.5%
Death benefit ETP paid to dependants - taxable component	All ages	Amount up to ETP cap amount is non-assessable and non-exempt income	Nil
		Amount above the ETP cap amount	46.5%

In the 2011-12 income year the flood levy may apply where an individual's taxable income exceeds $50,000. We have published information to help you work out if the flood levy applies to you.

Sections within Employment termination payments

• ETP cap amount
• ETP cap amount for life benefit termination payments
• ETP cap amount for death benefit termination payments
• Transitional ETP cap amounts up to 30 June 2012
• Tax-free part of genuine redundancy payments and early retirement scheme payments
• ETP tax table