FINANCIAL PLANNING RATE AND TABLE 2011

0647 18692 page1of4 paymentofsuperannuationbenefits

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: beneficiary of the estate, as above, based on whether beneficiary is a dependant or non‐dependant 3. Medicare levy (1.5%) is added to the applicable tax rate. FRINGE BENEFITS Type of aggregate FB amount Type 1 (GST) Type 2 (no GST) Gross­up factor 2.0647 1.8692 Page 1 of 4 PAYMENT OF SUPERANNUATION BENEFITS Preservation age For a person born… Preservation age Before 1 July 1960 55 1 July 1960 – 30 June 1961 56 1 July 1961 – 30 June 1962 57 1 July 1962 – 30 June 1963 58 1 July 1963 – 30 June 1964 59 After 30 June 1964 60 Minimum annual pension payment percentages – account­based pensions Age Percentage factor Percentage factor Percentage facto...
View Full Document

Ask a homework question - tutors are online