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Centrelink Value of DB Pensions

The following table shows the pension valuation factors for income support recipients according to their age next birthday and the indexation rate for an income support recipient's income stream.

Age Indexation rate for person's income stream
8% 7% or over
to under 8% 		6% or over
to under 7% 		5% or over
to under 6% 		4% or over
to under 5% 		3% or over
to under 4% 		2% or over
to under 3% 		1% or over
to under 2% 		Less than 1%
20 or less 34 27 22 19 16 14 12 11 10
21-25 32 26 22 18 16 14 12 11 10
26-30 30 25 21 18 16 14 12 11 10
31-35 28 23 20 17 15 13 12 11 10
36-40 26 22 19 16 14 13 11 10 9
41-45 23 20 17 15 14 12 11 10 9
46-50 20 18 16 14 13 11 10 9 9
51-55 18 16 14 13 12 11 10 9 8
56-60 15 14 12 11 10 10 9 8 8
61-65 12 11 11 10 9 8 8 7 7
66-70 10 9 9 8 8 7 7 6 6
71-75 8 7 7 7 6 6 6 5 5
76-80 6 6 5 5 5 5 4 4 4
81-85 4 4 4 4 4 4 3 3 3
86-90 3 3 3 3 3 3 3 2 2
91-95 2 2 2 2 2 2 2 2 2
96-100222222222
101+111111111

Notes:

  • Indexation above 8% determined on a case-by-case basis.
  • For salary related indexation use the "7% or over to under 8%" column.
  • For CPI indexation use "6% or over to under 7%" column.
  • At discretion of trustees use either:
    • the average rate determined by the trustees over the 5 years before the assessment year, OR
    • If the fund has been in existence, or making income stream payments to the income support recipient, for LESS than 5 years, at least 6%, but under 7%.
  • Asset test deductible amount for DB income streams is UPP/RN before 1 July 2007 and based on the tax free fixed proportion after that date.

NetActuary P/L ABN 94108585164
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PO Box 750, Sandy Bay Tas 7006
Email: Brian@NetActuary.com.au
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