Superannuation Industry (Supervision) Regulations 1994

SCHEDULE 1B  

Paragraph 1.06(6)(g) and subregulation 1.08(1)


PENSION VALUATION FACTORS

SECTION 8.   8.  
If a superannuation fund to which clause 7 applies has been in existence, or making pension payments, for less than a continuous period of 5 years, the pension valuation factor is to be the relevant factor specified in the table that relates to the standard indexation rate.

TABLES


Indexation rate of 8%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 33 31 29 27 25 23 21 18 16 14 12 10 9 9
50% - 75% 34 33 31 29 27 25 22 20 18 15 13 11 10 9
Above 75% 35 34 32 30 28 26 24 21 19 16 14 12 10 10


Indexation rate of at least 7% but less than 8%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 26 25 24 23 21 20 18 16 14 13 11 10 9 8
50% - 75% 27 26 25 24 23 21 19 18 16 14 12 10 9 9
Above 75% 28 27 26 25 24 22 20 19 17 15 13 11 10 9


Indexation rate of at least 6% but less than 7%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 22 21 20 19 18 17 16 14 13 12 10 9 8 8
50% - 75% 22 22 21 20 19 18 17 16 14 13 11 10 9 8
Above 75% 23 22 22 21 20 19 18 16 15 13 12 10 9 8


Indexation rate of at least 5% but less than 6%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 18 18 17 17 16 15 14 13 12 11 10 9 8 8
50% - 75% 19 18 18 17 17 16 15 14 13 12 10 9 8 8
Above 75% 19 19 18 18 17 17 16 15 13 12 11 9 8 8


Indexation rate of at least 4% but less than 5%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 16 15 15 15 14 13 13 12 11 10 9 8 8 7
50% - 75% 16 16 15 15 15 14 13 13 12 11 10 9 8 7
Above 75% 16 16 16 15 15 15 14 13 12 11 10 9 8 7


Indexation rate of at least 3% but less than 4%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 14 14 13 13 13 12 11 11 10 9 8 8 7 7
50% - 75% 14 14 14 13 13 13 12 11 11 10 9 8 7 7
Above 75% 14 14 14 14 13 13 12 12 11 10 9 8 8 7


Indexation rate of at least 2% but less than 3%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 12 12 12 12 11 11 10 10 9 9 8 7 7 7
50% - 75% 12 12 12 12 12 11 11 10 10 9 8 8 7 7
Above 75% 12 12 12 12 12 12 11 11 10 9 9 8 7 7


Indexation rate of at least 1% but less than 2%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 11 11 11 11 10 10 10 10 9 8 7 7 7 6
50% - 75% 11 11 11 11 11 10 10 10 9 8 8 7 7 6
Above 75% 11 11 11 11 11 10 10 10 9 9 8 7 7 6


Indexation rate less than 1%
Reversion Age next birthday of recipient on commencement day of pension
20 or less 21 to 25 26 to 30 31 to 35 36 to 40 41 to 45 46 to 50 51 to 55 56 to 60 61 to 65 66 to 70 71 to 75 76 to 80 81 or more
Below 50% 10 10 10 10 9 9 9 8 8 8 7 7 6 6
50% - 75% 10 10 10 10 10 9 9 9 8 8 7 7 6 6
Above 75% 10 10 10 10 10 10 9 9 9 8 8 7 7 6




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