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  • Defined benefit income cap tool

    From 1 July 2017, income from a capped defined benefit income stream may be taxed differently.

    The Defined benefit income cap tool:

    • works out if the defined benefit income cap applies to you
    • calculates
      • the defined benefit cap
      • the assessable income amount to report in your tax return
      • the tax offset you may be eligible for.

    On this page:

    Before you use this tool

    The tool results are based on the:

    • information you provide
    • defined benefit threshold available at the time of calculation.

    The results are an estimate and should only be used for guidance.

    Information you need for this tool

    • PAYG payment summaries for each capped defined benefit income stream.

    Access the tool

    Last modified: 01 Jul 2021QC 55642