Parliamentary Superannuation Age Factors (Division 293 Tax Law) Determination 2015 (No. 1)

Link to law: https://www.comlaw.gov.au/Details/F2015L00521

Parliamentary Superannuation Age Factors (Division 293 Tax Law) Determination 2015 (No. 1)1
Parliamentary Contributory Superannuation Act 1948
I, SARAH JANE HALTON, Secretary of the Department of Finance, make this Determination under subsection 22SE(4) of the Parliamentary Contributory Superannuation Act 1948.
Dated       1 April 2015
 
SARAH JANE HALTON
Secretary of the Department of Finance
1              Name of Determination
                This Determination is the Parliamentary Superannuation Age Factors (Division 293 Tax Law) Determination 2015 (No. 1).
2              Commencement
                This Determination commences on the day after it is registered on the Federal Register of Legislative Instruments.
3              Age factors
                For the purposes of section 22SE of Parliamentary Contributory Superannuation Act 1948, the age factor for a person is determined under Tables A, B, C and D of the Schedule to this Determination, based on:
                (a)    whether the person is male or female;
                (b)    whether the benefit is a retirement pension or an invalidity pension; and
                (c)    the age of the person when the benefit becomes payable.
 
Schedule         Age factors
(section 3)
 
 
Table A:         Male Retirement Pension Age Factors
 
 
Table B:         Female Retirement Pension Age Factors
 
 
Table C:         Male Invalid Pension Age Factors
 
 
Table D:         Female Invalid Pension Age Factors
 
 
Table A:  Male Retirement Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.7

21
33.5

22
33.3

23
33.2

24
33.0

25
32.8

26
32.6

27
32.4

28
32.2

29
32.0

30
31.8

31
31.5

32
31.3

33
31.1

34
30.8

35
30.6

36
30.3

37
30.1

38
29.8

39
29.5

40
29.3

41
29.0

42
28.7

43
28.4

44
28.1

45
27.7

46
27.4

47
27.1

48
26.7

49
26.4

50
26.0

 
 
 
 
Age at last birthday prior to start of pension
Age Factor

51
25.6

52
25.2

53
24.9

54
24.5

55
24.0

56
23.6

57
23.2

58
22.8

59
22.3

60
21.8

61
21.4

62
20.9

63
20.4

64
19.9

65
19.4

66
18.8

67
18.3

68
17.8

69
17.2

70
16.6

71
16.0

72
15.5

73
14.9

74
14.3

75
13.6

76
13.0

77
12.4

78
11.8

79
11.1

80
10.5

 
 

 
 
 
 

Table B:  Female Retirement Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.6

21
33.4

22
33.2

23
33.0

24
32.8

25
32.6

26
32.4

27
32.2

28
32.0

29
31.7

30
31.5

31
31.3

32
31.0

33
30.8

34
30.5

35
30.3

36
30.0

37
29.7

38
29.4

39
29.1

40
28.8

41
28.5

42
28.2

43
27.9

44
27.6

45
27.2

46
26.9

47
26.5

48
26.2

49
25.8

50
25.4

 
 
Age at last birthday prior to start of pension
Age Factor

51
25.0

52
24.6

53
24.2

54
23.8

55
23.4

56
23.0

57
22.5

58
22.1

59
21.6

60
21.1

61
20.7

62
20.2

63
19.7

64
19.2

65
18.6

66
18.1

67
17.6

68
17.0

69
16.5

70
15.9

71
15.3

72
14.8

73
14.2

74
13.6

75
13.0

76
12.4

77
11.9

78
11.3

79
10.7

80
10.1

 
 

 

Table C:  Male Invalid Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.4

21
33.2

22
33.0

23
32.9

24
32.7

25
32.5

26
32.3

27
32.1

28
31.9

29
31.7

30
31.4

31
31.2

32
31.0

33
30.7

34
30.5

35
30.2

36
30.0

37
29.7

38
29.4

39
29.1

40
28.8

41
28.5

42
28.2

43
27.9

44
27.6

45
27.3

46
26.9

47
26.6

48
26.2

49
25.8

50
25.5

 
Age at last birthday prior to start of pension
Age Factor

51
25.1

52
24.7

53
24.3

54
23.9

55
23.4

56
23.0

57
22.6

58
22.1

59
21.6

60
21.2

61
20.7

62
20.2

63
19.7

64
19.2

65
18.7

66
18.1

67
17.6

68
17.0

69
16.5

70
15.9

71
15.4

72
14.8

73
14.2

74
13.6

75
13.0

76
12.4

77
11.8

78
11.2

79
10.6

80
10.0

 
 

 
 
Table D:  Female Invalid Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
32.8

21
32.6

22
32.4

23
32.2

24
32.0

25
31.8

26
31.5

27
31.3

28
31.0

29
30.8

30
30.5

31
30.3

32
30.0

33
29.7

34
29.4

35
29.1

36
28.8

37
28.5

38
28.2

39
27.9

40
27.6

41
27.2

42
26.9

43
26.5

44
26.1

45
25.8

46
25.4

47
25.0

48
24.6

49
24.2

50
23.7

 
Age at last birthday prior to start of pension
Age Factor

51
23.3

52
22.9

53
22.4

54
22.0

55
21.5

56
21.0

57
20.5

58
20.1

59
19.6

60
19.1

61
18.6

62
18.1

63
17.5

64
17.0

65
16.5

66
15.9

67
15.4

68
14.9

69
14.3

70
13.8

71
13.2

72
12.7

73
12.1

74
11.6

75
11.1

76
10.5

77
10.0

78
9.5

79
9.0

80
8.5

 
 

 
 
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au
 
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