Key superannuation rates and thresholds

Super lump sum tax table

Income component derived in the income year	Age at the date payment is received	Amount subject to tax		Maximum rate of tax (including Medicare levy)
Member benefit - taxable component - taxed element	Under preservation age		Whole amount	21.5%
	At or above preservation age and under 60		Amount up to the low rate cap amount	Nil
			Amount above the low rate cap amount	16.5%
	Aged 60 or above		Nil - amount is non-assessable and non-exempt income	N/A
Member benefit - taxable component - untaxed element	Under preservation age		Amount up to untaxed plan cap amount	31.5%
			Amount above untaxed plan cap amount	46.5%
	At or above preservation age and under 60		Amount up to the low rate cap amount	16.5%
			Amount above the low rate cap amount and up to the untaxed plan cap amount	31.5%
			Amount above the untaxed plan cap amount	46.5%
	Aged 60 or above		Amount up to the untaxed plan cap amount	16.5%
			Amount above the untaxed plan cap amount	46.5%
Death benefit lump sum benefit paid to non-dependants - taxable component - taxed element	Any		Whole amount	16.5%
Death benefit lump sum benefit paid to non-dependants - taxable component - untaxed element	Any		Whole amount	31.5%
Death benefit lump sum benefit paid to dependants - taxable component - taxed and untaxed elements	Any		None	Nil
Rollover super benefits - taxable component - taxed element	Any		Nil - amount is non-assessable and non-exempt income	N/A
Rollover super benefits - taxable component - untaxed element	Any		Amount up to the untaxed plan cap amount is non-assessable income and is non-exempt income	N/A
			Amount above the untaxed plan cap amount	46.5%
Super lump sum benefits less than $200	Any		None	Nil
Super lump sum benefit (terminally ill recipient)	Any		None	Nil

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 Payments from super

• Low rate cap amount
• Untaxed plan cap amount
• Minimum annual payments for super income streams
• Preservation age
• Super lump sum tax table
• Super income stream tax tables
• Annuities and life expectancy factors