• Low rate cap amount

    The application of the low rate threshold for super lump sum payments is capped. The low rate cap amount is reduced by any amount previously applied to the low rate threshold.

    Table 8: Low rate cap amount

    Income year

    Amount of cap

    2016–17

    $195,000

    2015–16

    $195,000

    2014–15

    $185,000

    2013–14

    $180,000

    2012–13

    $175,000

    2011–12

    $165,000

    2010–11

    $160,000

    2009–10

    $150,000

    2008–09

    $145,000

    2007–08

    $140,000

    The low rate cap amount is indexed in line with AWOTE, in increments of $5,000 (rounded down). The new indexed amount is generally available each February.

    Last modified: 07 Sep 2016QC 18123