Key superannuation rates and thresholds

Super income stream tax tables

Element taxed in the fund of a super income stream

The table below summarises the taxation of a super income stream paid with an element taxed in the fund.

The tax-free component is not included. This component is not assessable and not exempt income in all cases.

Age of recipient	Income stream
Age 60 or above	Not assessable, not exempt income
At or above preservation age and under 60	Taxed at marginal tax rates Tax offset of 15% is available
Under preservation age	Taxed at marginal tax rates, with no tax offset Tax offset of 15% is available if a disability super benefit

Medicare levy (1.5%) will apply if amounts are assessable.

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.

Element untaxed in the fund of a super income stream

The table below summarises the taxation of a super member income stream paid with an element untaxed in the fund.

The tax-free component is not included. This component is not assessable and not exempt income in all cases.

Age of recipient	Income stream
60 years old or over	Taxed at marginal rates, with a 10% tax offset
At or above preservation age and under 60	Taxed at marginal rates, with no tax offset
Under preservation age	Taxed at marginal rates, with no tax offset

Medicare levy (1.5%) will apply to assessable amounts.

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