4.9.5.70 Payment Factors for Market-Linked Income Streams

Summary

This topic contains the payment factors (PF) for market-linked income streams contained in 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    

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

Last reviewed: 6 February 2017