Superannuation Income Stream Taxable Component

Not available in Accountants Office

Age 60 and over - Taxed amount: This amount is non-assessable non-exempt income and should not be included in taxable income.

Age 60 and over - Untaxed amount: This amount is subject to a tax rate of 10%.

Age 55 to 59 - Taxed amount: This amount is subject to a tax rate of 15%.

Age 55 to 59 - Untaxed amount: This amount is taxed at marginal rates and is not subject to a tax offset.

Income stream amounts below the Preservation age are taxed at marginal rates and are not subject to an offset.