Key superannuation rates and thresholds

Pension valuation factors

The tables below set out the maximum and minimum pension valuation factors used to calculate maximum and minimum payment limits for pensions and annuities.

Note: Transitional rules apply to new pensions that start from 1 January 2006 to 30 June 2006. During this time, funds may apply the new or the previous pension valuation factor rates (but only to new pensions).

For information on SMSF pension standards, see Pension standards for self-managed super funds.

Table 30: Pension valuation factors for pensions that started on or after 1 January 2006
Age of beneficiary	Maximum pension valuation factor	Minimum pension valuation factor
20 or less	12.0	29.2
21	12.0	29.0
22	12.0	28.9
23	12.0	28.7
24	12.0	28.6
25	12.0	28.4
26	12.0	28.3
27	12.0	28.1
28	12.0	27.9
29	12.0	27.8
30	12.0	27.6
31	12.0	27.4
32	12.0	27.2
33	12.0	27.0
34	12.0	26.8
35	12.0	26.6
36	12.0	26.4
37	12.0	26.2
38	12.0	26.0
39	12.0	25.8
40	12.0	25.5
41	12.0	25.3
42	12.0	25.0
43	12.0	24.8
44	12.0	24.5
45	12.0	24.2
46	12.0	24.0
47	12.0	23.7
48	12.0	23.4
49	12.0	23.1
50	12.0	22.8
51	11.9	22.5
52	11.8	22.2
53	11.8	21.8
54	11.7	21.5
55	11.5	21.1
56	11.4	20.8
57	11.3	20.4
58	11.2	20.1
59	11.0	19.7
60	10.9	19.3
61	10.7	18.9
62	10.5	18.5
63	10.3	18.1
64	10.1	17.7
65	9.9	17.3
66	9.6	16.8
67	9.3	16.4
68	9.1	16.0
69	8.7	15.5
70	8.4	15.1
71	8.0	14.6
72	7.6	14.2
73	7.2	13.7
74	6.7	13.3
75	6.2	12.8
76	5.7	12.3
77	5.1	11.9
78	4.5	11.4
79	3.8	10.9
80	3.1	10.5
81	2.3	10.0
82	1.4	9.6
83	1	9.1
84	1	8.7
85	1	8.3
86	1	7.9
87	1	7.5
88	1	7.2
89	1	6.9
90	1	6.6
91	1	6.3
92	1	6.0
93	1	5.8
94	1	5.5
95	1	5.3
96	1	5.1
97	1	4.9
98	1	4.7
99	1	4.5
100 or more	1	4.4

Source: Schedule 1AAB Superannuation Industry (Supervision) Amendment Regulations 1994

Table 31: Pension valuation factors for pensions that started before 1 January 2006
Age of beneficiary	Maximum pension valuation factor	Minimum pension valuation factor
20 or less	10	28.6
21	10	28.5
22	10	28.3
23	10	28.1
24	10	28.0
25	10	27.8
26	10	27.6
27	10	27.5
28	10	27.3
29	10	27.1
30	10	26.9
31	10	26.7
32	10	26.5
33	10	26.3
34	10	26.0
35	10	25.8
36	10	25.6
37	10	25.3
38	10	25.1
39	10	24.8
40	10	24.6
41	10	24.3
42	10	24.0
43	10	23.7
44	10	23.4
45	10	23.1
46	10	22.8
47	10	22.5
48	10	22.2
49	10	21.9
50	9.9	21.5
51	9.9	21.2
52	9.8	20.9
53	9.7	20.5
54	9.7	20.1
55	9.6	19.8
56	9.5	19.4
57	9.4	19.0
58	9.3	18.6
59	9.1	18.2
60	9.0	17.8
61	8.9	17.4
62	8.7	17.0
63	8.5	16.6
64	8.3	16.2
65	8.1	15.7
66	7.9	15.3
67	7.6	14.9
68	7.3	14.4
69	7.0	14.0
70	6.6	13.5
71	6.2	13.1
72	5.8	12.6
73	5.4	12.2
74	4.8	11.7
75	4.3	11.3
76	3.7	10.8
77	3.0	10.4
78	2.2	10.0
79	1.4	9.5
80	1	9.1
81	1	8.7
82	1	8.3
83	1	7.9
84	1	7.5
85	1	7.1
86	1	6.8
87	1	6.4
88	1	6.1
89	1	5.8
90	1	5.5
91	1	5.3
92	1	5.0
93	1	4.8
94	1	4.6
95	1	4.4
96	1	4.2
97	1	4.0
98	1	3.8
99	1	3.7
100 or more	1	3.5

Source: Schedule 1A Superannuation Industry (Supervision) Amendment Regulations 1994

Low rate threshold – post-June 1983 components of eligible termination payments

Up to 30 June 2007, if your benefits include eligible termination payments (ETPs) and you were aged 55 years or over when you received the ETP, then the cash amount of the post-June 1983 component is taxed at lower rates until you reach your low rate threshold (LRT).

This table contains the LRT limits. The LRT is a lifetime limit, indexed each financial year.

Table 32: Low rate threshold – post June 1983 components of ETPs
Income year	Threshold
2006–07	$135,590
2005–06	$129,751
2004–05	$123,808
2003–04	$117,576
2002–03	$112,405
2001–02	$105,843
2000–01	$101,188
1999–2000	$97,109
1998–99	$94,189
1997–98	$90,916
1996–97	$86,917
1995–96	$83,574
1994–95	$79,975
1993–94	$77,796
1992–93	$76,949
1991–92	$73,776
1990–91	$68,628
1989–90	$64,500
1988–89	$60,000
1987–88	$55,000

Last modified: 13 Jan 2023QC 18123