• 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.

    Note: 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).

    See also:

    Table 27: Pension valuation factors for pensions that started on or after 1 January 2006

    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 28: 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

    See also:

    Low rate threshold – post-June 1983 components of eligible termination payments

    Up to 30 June 2007, if your benefits include eligible termination payments (ETPs) and you were aged 55 years or over when you received the ETP, then the cash amount of the post-June 1983 component is taxed at lower rates until you reach your low rate threshold (LRT).

    This table contains the LRT limits. The LRT is a lifetime limit, indexed each financial year.

    Table 29: Low rate threshold – post June 1983 components of ETPs

    Income year

    Threshold

    2006–07

    $135,590

    2005–06

    $129,751

    2004–05

    $123,808

    2003–04

    $117,576

    2002–03

    $112,405

    2001–02

    $105,843

    2000–01

    $101,188

    1999–2000

    $97,109

    1998–99

    $94,189

    1997–98

    $90,916

    1996–97

    $86,917

    1995–96

    $83,574

    1994–95

    $79,975

    1993–94

    $77,796

    1992–93

    $76,949

    1991–92

    $73,776

    1990–91

    $68,628

    1989–90

    $64,500

    1988–89

    $60,000

    1987–88

    $55,000

    Last modified: 22 Sep 2017QC 18123