Income Tax Assessment (1997 Act) Regulations 2021

SCHEDULES

SCHEDULE 1AA  

Note: See subsection 293-115.20(2) .

WORKING OUT DEFINED BENEFIT CONTRIBUTIONS

PART 3 - VALUATION PARAMETERS  

13   Rate of future salary or wages growth  

13(1)    

The rate of salary or wages growth to be applied is 3.5% per year.

13(2)    
This rate is to be used:

(a)    to project the value of future salary or wages; and

(b)    to project benefits that increase in accordance with a general wage index (for example, average weekly earnings).