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This topic contains the payment factors (PF) for market-linked income streams contained in the Schedule 6 Payments for market-linked income streams of the Superannuation Industry (Supervision) Regulations 1994.
Note: These payment factors, specified under section 9BA(5), are given effect for social security purposes by the Social Security (Asset-test Exempt Income Stream (Market-linked) - Payment Factors) (FaCS) Principles 2005.
The following table shows the payment factors for income support recipients according to the product's remaining term at purchase, or on 1 July each year.
|
Term |
PF |
Term |
PF |
Term |
PF |
Term |
PF |
|
70 or more |
26.00 |
50 |
23.46 |
30 |
18.39 |
10 |
8.32 |
|
69 |
25.91 |
49 |
23.28 |
29 |
18.04 |
9 |
7.61 |
|
68 |
25.82 |
48 |
23.09 |
28 |
17.67 |
8 |
6.87 |
|
67 |
25.72 |
47 |
22.90 |
27 |
17.29 |
7 |
6.11 |
|
66 |
25.62 |
46 |
22.70 |
26 |
16.89 |
6 |
5.33 |
|
65 |
25.52 |
45 |
22.50 |
25 |
16.48 |
5 |
4.52 |
|
64 |
25.41 |
44 |
22.28 |
24 |
16.06 |
4 |
3.67 |
|
63 |
25.30 |
43 |
22.06 |
23 |
15.62 |
3 |
2.80 |
|
62 |
25.19 |
42 |
21.83 |
22 |
15.17 |
2 |
1.90 |
|
61 |
25.07 |
41 |
21.60 |
21 |
14.70 |
1 |
1.00 |
|
60 |
24.94 |
40 |
21.36 |
20 |
14.21 |
|
|
|
59 |
24.82 |
39 |
21.10 |
19 |
13.71 |
|
|
|
58 |
24.69 |
38 |
20.84 |
18 |
13.19 |
|
|
|
57 |
24.55 |
37 |
20.57 |
17 |
12.65 |
|
|
|
56 |
24.41 |
36 |
20.29 |
16 |
12.09 |
|
|
|
55 |
24.26 |
35 |
20.00 |
15 |
11.52 |
|
|
|
54 |
24.11 |
34 |
19.70 |
14 |
10.92 |
|
|
|
53 |
23.96 |
33 |
19.39 |
13 |
10.30 |
|
|
|
52 |
23.80 |
32 |
19.07 |
12 |
9.66 |
|
|
|
51 |
23.63 |
31 |
18.74 |
11 |
9.00 |
|
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Act reference: SSAct section 9BA(5) Total amount payable in each financial year-general rule
Policy reference: SS Guide 4.9.2.15 Characteristics of Asset-Test Exempt Income Streams Purchased from 20/9/2004 & before 20/09/2007, 4.9.2.30 Income Test Assessment of Asset-Test Exempt Income Streams
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Last reviewed: 13 May 2013
