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Table of Life Expectancy for Income Streams with a Commencement Day on or after 01/01/2005 to 31/12/2009

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Last amended: 14 February 2011

How to use life expectancy tables

The following table shows how to select and use the appropriate life expectancy table in the assessment of an income stream.

Step

Action

1

Determine the commencement day of the income stream to be assessed and ensure that the correct table is used.    

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Life expectancy tables

Section 10.5.7

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2

Determine which persons the relevant number must be obtained for.    

3

Look down the age column to find the age of those persons at the commencement day in whole years.

4

Move across to the corresponding life expectancy factor (one for males, the other for females).

Table of life expectancy

The following table shows life expectancy factors used for calculating the relevant number for males and females. The factors are based on the 2000 to 2002 life tables, published by the Australian Government Actuary. The table relates to income streams with a commencement day on or after 1 January 2005 but before 1 January 2010.

Age

M

F

Age

M

F

Age

M

F

15

63.28

68.41

44

35.91

40.18

73

12.11

14.78

16

62.30

67.42

45

34.98

39.23

74

11.50

14.05

17

61.33

66.44

46

34.06

28.28

75

10.90

13.33

18

60.37

65.45

47

33.13

37.33

76

10.32

12.63

19

59.43

64.48

48

32.22

36.39

77

9.77

11.94

20

58.48

63.50

49

31.30

35.45

78

9.24

11.27

21

57.54

62.52

50

30.39

34.51

79

8.73

10.61

22

56.59

61.54

51

29.49

33.58

80

8.24

9.98

23

55.65

60.57

52

28.59

32.66

81

7.77

9.38

24

54.71

59.59

53

27.69

31.73

82

7.32

8.81

25

53.77

58.61

54

26.80

30.82

83

6.89

8.27

26

52.83

57.63

55

25.92

29.91

84

6.48

7.76

27

51.89

56.65

56

25.05

29.00

85

6.11

7.28

28

50.95

55.68

57

24.19

28.10

86

5.77

6.83

29

50.01

54.70

58

23.34

27.21

87

5.47

6.41

30

49.07

53.72

59

22.49

26.32

88

5.20

6.02

31

48.13

52.75

60

21.66

25.44

89

4.95

5.66

32

47.19

51.77

61

20.84

24.57

90

4.74

5.33

33

46.24

50.80

62

20.04

23.71

91

4.54

5.03

34

45.30

49.82

63

19.24

22.85

92

4.36

4.75

35

44.35

48.85

64

18.46

22.00

93

4.19

4.50

36

43.41

47.88

65

17.70

21.15

94

4.03

4.28

37

42.47

46.91

66

16.95

20.32

95

3.87

4.07

38

41.53

45.94

67

16.21

19.49

96

3.73

3.88

39

40.58

44.98

68

15.48

18.67

97

3.60

3.71

40

39.65

44.01

69

14.78

17.87

98

3.47

3.55

41

38.71

43.05

70

14.08

17.08

99

3.35

3.40

42

37.77

42.09

71

13.41

16.29

100

3.24

3.26

43

36.84

41.14

72

12.75

15.53


The commencement day in relation to an income stream is the first day of the period to which the first income stream payment relates. This is usually one instalment period before the date of the first payment.

 

 

An income stream's relevant number is the length of time an income stream is paid for. It can be a fixed term or the life expectancy factor of the payee or reversionary beneficiary.

Life expectancy is the length of time a person is expected to live and is has the same meaning as 'life expectancy factor' under section 27H of the Income Tax Assessment Act 1936.