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  • Preservation age

    The withholding amount varies depending on whether the employee has reached their preservation age by the end of the income year in which 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 1962, they will reach their preservation age of 58 on 1 October 2020 for the 2020–21 income year. 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 2019QC 55466