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Undeducted purchase price calculator

Tool to help calculate the amount of the annual tax exclusion associated with the payment of a pension or annuity.

Last updated 5 November 2017

This calculator will help you calculate the annual deductible amount associated with the payment of this pension or annuity. This means part of the pension or annuity you're receiving may be tax free.

The undeducted purchase price is the amount you contributed towards your pension or annuity for which you didn't claim a tax deduction at the time you made the contribution.

You can't use this calculator if:

  • your pension or annuity commenced prior to 1 July 2004 or after 1 July 2007 (we are looking to expand these dates in the future)
  • you're receiving a foreign sourced pension
  • your payment is affected by superannuation or divorce provisions
  • you're not the sole recipient of the pension or annuity.

All outcomes provided by this calculator are based on the information you provide.

You will need to know:

  • the type of pension or annuity you're receiving
  • whether it is rebatable
  • whether it is for life or for a fixed term
  • when it commenced (when you first became entitled to payment)
  • whether you received a tax deduction for any of the payments or contributions you made
  • whether it was affected by (ie became payable or reduced as a result of) superannuation and divorce provisions
  • how it was purchased (for example, contributions to a superannuation fund)
  • if there is a residual capital value to be returned at the end of the term (fixed term pension/annuities)
  • the amount of undeducted contributions.

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