Key superannuation rates and thresholds

Pension valuation factors

The tables below set out the maximum and minimum pension valuation factors used to calculate maximum and minimum payment limits for pensions and annuities.

Table 1: Pension valuation factors for pensions that started on or after 1 January 2006

Transitional rules apply to new pensions that start from 1 January 2006 to 30 June 2006. During this time, funds may apply the new or the previous pension valuation factor rates (but only to new pensions). For more information, see Pension standards for self-managed super funds.

Age of beneficiary	Maximum pension valuation factor	Minimum pension valuation factor
20 or less	12.0	29.2
21	12.0	29.0
22	12.0	28.9
23	12.0	28.7
24	12.0	28.6
25	12.0	28.4
26	12.0	28.3
27	12.0	28.1
28	12.0	27.9
29	12.0	27.8
30	12.0	27.6
31	12.0	27.4
32	12.0	27.2
33	12.0	27.0
34	12.0	26.8
35	12.0	26.6
36	12.0	26.4
37	12.0	26.2
38	12.0	26.0
39	12.0	25.8
40	12.0	25.5
41	12.0	25.3
42	12.0	25.0
43	12.0	24.8
44	12.0	24.5
45	12.0	24.2
46	12.0	24.0
47	12.0	23.7
48	12.0	23.4
49	12.0	23.1
50	12.0	22.8
51	11.9	22.5
52	11.8	22.2
53	11.8	21.8
54	11.7	21.5
55	11.5	21.1
56	11.4	20.8
57	11.3	20.4
58	11.2	20.1
59	11.0	19.7
60	10.9	19.3
61	10.7	18.9
62	10.5	18.5
63	10.3	18.1
64	10.1	17.7
65	9.9	17.3
66	9.6	16.8
67	9.3	16.4
68	9.1	16.0
69	8.7	15.5
70	8.4	15.1
71	8.0	14.6
72	7.6	14.2
73	7.2	13.7
74	6.7	13.3
75	6.2	12.8
76	5.7	12.3
77	5.1	11.9
78	4.5	11.4
79	3.8	10.9
80	3.1	10.5
81	2.3	10.0
82	1.4	9.6
83	1	9.1
84	1	8.7
85	1	8.3
86	1	7.9
87	1	7.5
88	1	7.2
89	1	6.9
90	1	6.6
91	1	6.3
92	1	6.0
93	1	5.8
94	1	5.5
95	1	5.3
96	1	5.1
97	1	4.9
98	1	4.7
99	1	4.5
100 or more	1	4.4

Source: Schedule 1AAB Superannuation Industry (Supervision) Amendment Regulations 1994

Table 2: Pension valuation factors for pensions that started before 1 January 2006

Age of beneficiary	Maximum pension valuation factor	Minimum pension valuation factor
20 or less	10	28.6
21	10	28.5
22	10	28.3
23	10	28.1
24	10	28.0
25	10	27.8
26	10	27.6
27	10	27.5
28	10	27.3
29	10	27.1
30	10	26.9
31	10	26.7
32	10	26.5
33	10	26.3
34	10	26.0
35	10	25.8
36	10	25.6
37	10	25.3
38	10	25.1
39	10	24.8
40	10	24.6
41	10	24.3
42	10	24.0
43	10	23.7
44	10	23.4
45	10	23.1
46	10	22.8
47	10	22.5
48	10	22.2
49	10	21.9
50	9.9	21.5
51	9.9	21.2
52	9.8	20.9
53	9.7	20.5
54	9.7	20.1
55	9.6	19.8
56	9.5	19.4
57	9.4	19.0
58	9.3	18.6
59	9.1	18.2
60	9.0	17.8
61	8.9	17.4
62	8.7	17.0
63	8.5	16.6
64	8.3	16.2
65	8.1	15.7
66	7.9	15.3
67	7.6	14.9
68	7.3	14.4
69	7.0	14.0
70	6.6	13.5
71	6.2	13.1
72	5.8	12.6
73	5.4	12.2
74	4.8	11.7
75	4.3	11.3
76	3.7	10.8
77	3.0	10.4
78	2.2	10.0
79	1.4	9.5
80	1	9.1
81	1	8.7
82	1	8.3
83	1	7.9
84	1	7.5
85	1	7.1
86	1	6.8
87	1	6.4
88	1	6.1
89	1	5.8
90	1	5.5
91	1	5.3
92	1	5.0
93	1	4.8
94	1	4.6
95	1	4.4
96	1	4.2
97	1	4.0
98	1	3.8
99	1	3.7
100 or more	1	3.5

Source: Schedule 1A Superannuation Industry (Supervision) Amendment Regulations 1994

More information

For more information, including formulas and examples that set out how to calculate pension payment limits, see Pension standards for self-managed super funds.

Sections within Other super rates and thresholds

• Deduction limits based on the age of the employee or individual
• Allocated pension payments minimum and maximum limits
• Pension valuation factors
• Low rate threshold - post-June 1983 components of ETPs
• Tax-free part of bona fide redundancy payments and approved early retirement scheme payments limits
• Reasonable benefit limits
• Superannuation contributions surcharge
• 10-year Treasury bond rate
• Average weekly ordinary time earnings (AWOTE)