Income Tax Assessment (1997 Act) Regulations 2021

SCHEDULES

SCHEDULE 1A  

Note: See sections 291-170.02 , 291-170.05 and 291-170.07 and Schedule 1AA .

METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS

PART 3 - VALUATION PARAMETERS  

3.7   Exit rates  

3.7(1)    
The following table sets out the rates of voluntary exit from the fund that are to be assumed.

Voluntary exit rates
Item	Age Band	Exit rate
1	< 40	0.05
2	40-44	0.04
3	45-49	0.04
4	50-54	0.04
5	55-59	0.08
6	60	0.12
7	61-64	0.10
8	65	1.00

3.7(2)    
The rate of involuntary exit (including by redundancy, death or invalidity) to be assumed is zero.