The below contains the payment factors 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 remaining (whole years) | Payment factor | Term remaining (whole years) | Payment factor |
| 70 or more | 26.00 | 35 | 20.00 |
| 69 | 25.91 | 34 | 19.70 |
| 68 | 25.82 | 33 | 19.39 |
| 67 | 25.72 | 32 | 19.07 |
| 66 | 25.62 | 31 | 18.74 |
| 65 | 25.52 | 30 | 18.39 |
| 64 | 25.41 | 29 | 18.04 |
| 63 | 25.30 | 28 | 17.67 |
| 62 | 25.19 | 27 | 17.29 |
| 61 | 25.07 | 26 | 16.89 |
| 60 | 24.94 | 25 | 16.48 |
| 59 | 24.82 | 24 | 16.06 |
| 58 | 24.69 | 23 | 15.62 |
| 57 | 24.55 | 22 | 15.17 |
| 56 | 24.41 | 21 | 14.70 |
| 55 | 24.26 | 20 | 14.21 |
| 54 | 24.11 | 19 | 13.71 |
| 53 | 23.96 | 18 | 13.19 |
| 52 | 23.80 | 17 | 12.65 |
| 51 | 23.63 | 16 | 12.09 |
| 50 | 23.46 | 15 | 11.52 |
| 49 | 23.28 | 14 | 10.92 |
| 48 | 23.09 | 13 | 10.30 |
| 47 | 22.90 | 12 | 9.66 |
| 46 | 22.70 | 11 | 9.00 |
| 45 | 22.50 | 10 | 8.32 |
| 44 | 22.28 | 9 | 7.61 |
| 43 | 22.06 | 8 | 6.87 |
| 42 | 21.83 | 7 | 6.11 |
| 41 | 21.60 | 6 | 5.33 |
| 40 | 21.36 | 5 | 4.52 |
| 39 | 21.10 | 4 | 3.67 |
| 38 | 20.84 | 3 | 2.80 |
| 37 | 20.57 | 2 | 1.90 |
| 36 | 20.29 | 1 or less | 1.00 |
And as a percentage of the account balance
Payment factors are somewhat meaningless numbers without a reference point. By expressing the factor as a percentage of the account balance the rate of payment (and depletion) of the pension can be evaluated.
| Term remaining (whole years) | Payment factor as percentage of account balance | Term remaining (whole years) | Payment factor as percentage of account balance |
| 70 or more | 3.85% | 35 | 5.00% |
| 69 | 3.86% | 34 | 5.08% |
| 68 | 3.87% | 33 | 5.16% |
| 67 | 3.89% | 32 | 5.24% |
| 66 | 3.90% | 31 | 5.34% |
| 65 | 3.92% | 30 | 5.44% |
| 64 | 3.94% | 29 | 5.54% |
| 63 | 3.95% | 28 | 5.66% |
| 62 | 3.97% | 27 | 5.78% |
| 61 | 3.99% | 26 | 5.92% |
| 60 | 4.01% | 25 | 6.07% |
| 59 | 4.03% | 24 | 6.23% |
| 58 | 4.05% | 23 | 6.40% |
| 57 | 4.07% | 22 | 6.59% |
| 56 | 4.10% | 21 | 6.80% |
| 55 | 4.12% | 20 | 7.04% |
| 54 | 4.15% | 19 | 7.29% |
| 53 | 4.17% | 18 | 7.58% |
| 52 | 4.20% | 17 | 7.91% |
| 51 | 4.23% | 16 | 8.27% |
| 50 | 4.26% | 15 | 8.68% |
| 49 | 4.30% | 14 | 9.16% |
| 48 | 4.33% | 13 | 9.71% |
| 47 | 4.37% | 12 | 10.35% |
| 46 | 4.41% | 11 | 11.11% |
| 45 | 4.44% | 10 | 12.02% |
| 44 | 4.49% | 9 | 13.14% |
| 43 | 4.53% | 8 | 14.56% |
| 42 | 4.58% | 7 | 16.37% |
| 41 | 4.63% | 6 | 18.76% |
| 40 | 4.68% | 5 | 22.12% |
| 39 | 4.74% | 4 | 27.25% |
| 38 | 4.80% | 3 | 35.71% |
| 37 | 4.86% | 2 | 52.63% |
| 36 | 4.93% | 1 or less | 100.00% |
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
