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.