Income Tax Assessment (1997 Act) Regulations 2021

SCHEDULES

SCHEDULE 1B  

Note: See sections 307-205.01A and 307-205.02 .


VALUATION FACTORS

1   Income stream valuation factors  

1(1)    
For the purposes of paragraph 307-205.01A(3)(b) , the applicable factor for the superannuation income stream is the factor given in the table in subclause (3) ( table 1 ) at the age which is the greater of:

(a)    the minimum age at which a retirement benefit can be taken without requiring the consent of the employer; and

(b)    the member ' s actual age as at the member ' s last birthday before 1 July 2007.

1(2)    
For the purposes of subparagraph 307-205.02(3)(a)(ii) , the applicable factor for the superannuation income stream is:

(a)    if the superannuation income stream is payable for the life of the member - the factor given in the table in subclause (3) ( table 1 ) for the age of the member at the member ' s last birthday before the day after the date on which the superannuation income stream is to be valued; or

(b)    if the superannuation income stream is payable for a fixed term - the factor given in the table in subclause (4) ( table 2 ) for the number of complete years remaining in the term of the superannuation income stream on the day preceding the date on which the superannuation income stream is to be valued.

1(3)    
The following is table 1.


Table 1
Item Age Factor for indexed lifetime income stream Factor for non-indexed lifetime income stream
1 18 23.238 15.405
2 19 23.158 15.385
3 20 23.084 15.366
4 21 23.016 15.349
5 22 22.956 15.334
6 23 22.906 15.322
7 24 22.862 15.312
8 25 22.816 15.302
9 26 22.763 15.289
10 27 22.694 15.271
11 28 22.612 15.248
12 29 22.523 15.223
13 30 22.422 15.194
14 31 22.310 15.160
15 32 22.193 15.124
16 33 22.076 15.086
17 34 21.950 15.045
18 35 21.821 15.002
19 36 21.691 14.958
20 37 21.553 14.911
21 38 21.410 14.861
22 39 21.266 14.809
23 40 21.113 14.754
24 41 20.956 14.695
25 42 20.790 14.632
26 43 20.609 14.562
27 44 20.421 14.487
28 45 20.229 14.409
29 46 20.030 14.326
30 47 19.823 14.239
31 48 19.610 14.148
32 49 19.391 14.052
33 50 19.164 13.950
34 51 18.931 13.844
35 52 18.691 13.732
36 53 18.443 13.615
37 54 18.189 13.492
38 55 17.927 13.364
39 56 17.659 13.230
40 57 17.383 13.089
41 58 17.100 12.943
42 59 16.810 12.790
43 60 16.513 12.631
44 61 16.209 12.465
45 62 15.891 12.287
46 63 15.558 12.099
47 64 15.213 11.900
48 65 14.861 11.693
49 66 14.506 11.480
50 67 14.144 11.260
51 68 13.775 11.032
52 69 13.396 10.794
53 70 13.011 10.548
54 71 12.627 10.297
55 72 12.230 10.035
56 73 11.815 9.756
57 74 11.398 9.471
58 75 10.983 9.183
59 76 10.566 8.889
60 77 10.144 8.587
61 78 9.723 8.282
62 79 9.314 7.980
63 80 8.898 7.669
64 81 8.486 7.357
65 82 8.087 7.051
66 83 7.697 6.748
67 84 7.323 6.455
68 85 6.966 6.172
69 86 6.627 5.901
70 87 6.311 5.647
71 88 6.010 5.402
72 89 5.728 5.171
73 90 5.465 4.954
74 91 5.218 4.750
75 92 4.991 4.561
76 93 4.773 4.379
77 94 4.566 4.205
78 95 4.360 4.031


1(4)    
The following is table 2.


Table 2
Item Number of years Factor for indexed fixed-term income stream Factor for non-indexed fixed-term income stream
1 0 0.000 0.000
2 1 0.981 0.969
3 2 1.925 1.879
4 3 2.834 2.734
5 4 3.709 3.536
6 5 4.550 4.289
7 6 5.360 4.996
8 7 6.140 5.661
9 8 6.891 6.284
10 9 7.613 6.870
11 10 8.308 7.420
12 11 8.977 7.936
13 12 9.621 8.421
14 13 10.241 8.876
15 14 10.837 9.303
16 15 11.411 9.705
17 16 11.963 10.081
18 17 12.495 10.435
19 18 13.007 10.768
20 19 13.499 11.079
21 20 13.973 11.372
22 21 14.430 11.647
23 22 14.869 11.906
24 23 15.291 12.148
25 24 15.698 12.376
26 25 16.090 12.590
27 26 16.466 12.790
28 27 16.829 12.979
29 28 17.178 13.156
30 29 17.514 13.322
31 30 17.837 13.478



 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.