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  • Preservation age

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The withholding amount varies depending on whether the employee has reached their preservation age when the payment is made.

    Preservation age is determined using your employee’s date of birth. For example, if your employee was born on 1 October 1960, they will reach their preservation age of 56 on 1 October 2016. The table below will help with this:

    Preservation age

    Date of birth

    Preservation age

    Before 1/7/1960

    55

    1/7/1960–30/6/1961

    56

    1/7/1961–30/6/1962

    57

    1/7/1962–30/6/1963

    58

    1/7/1963–30/6/1964

    59

    After 30/6/1964

    60

    Last modified: 14 Jun 2017QC 52077