Superannuation Industry (Supervision) Regulations 1994

SCHEDULE 7  

(paragraph 1.05(11A)(a) , subparagraph 1.05(11A)(b)(i) , paragraph 1.06(9A)(a) , subparagraph 1.06(9A)(b)(i) and regulation 1.07D )


MINIMUM PAYMENT AMOUNT FOR A SUPERANNUATION INCOME STREAM

SECTION 5   5  
An amount determined under this Schedule is to be rounded to the nearest 10 whole dollars. If the amount ends in an exact 5 dollars, it is to be rounded up to the next 10 whole dollars.

TABLE


Item Age of Beneficiary Percentage factor
1 Under 65 4
2 65 - 74 5
3 75 - 79 6
4 80 - 84 7
5 85 - 89 9
6 90 - 94 11
7 95 or more 14




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