Conversion Factor Table
Last amended: 22 March 2011
When to apply the conversion factor table
This table is only to be used for the purpose of establishing the reasonable amount of an entry contribution to a granny flat and in certain circumstances to establish the life interest of a sale leaseback contract. It is not to be used for any other purpose.
Conversion table
The conversion factor, is based on the age of the pensioner at next birthday. In the case of members of a couple, the life expectancy of the younger partner is used.
|
AGE NEXT BIRTHDAY |
CONVERSION FACTOR |
AGE NEXT BIRTHDAY |
CONVERSION FACTOR |
|
51 |
33.94 |
76 |
12.78 |
|
52 |
33.02 |
77 |
12.07 |
|
53 |
32.09 |
78 |
11.37 |
|
54 |
31.18 |
79 |
10.70 |
|
55 |
30.27 |
80 |
10.04 |
|
56 |
29.37 |
81 |
9.41 |
|
57 |
28.47 |
82 |
8.80 |
|
58 |
27.57 |
83 |
8.21 |
|
59 |
26.69 |
84 |
7.65 |
|
60 |
25.80 |
85 |
7.11 |
|
61 |
24.92 |
86 |
6.60 |
|
62 |
24.05 |
87 |
6.13 |
|
63 |
23.18 |
88 |
5.68 |
|
64 |
22.33 |
89 |
5.26 |
|
65 |
21.48 |
90 |
4.87 |
|
66 |
20.64 |
91 |
4.52 |
|
67 |
19.80 |
92 |
4.19 |
|
68 |
18.98 |
93 |
3.89 |
|
69 |
18.16 |
94 |
3.63 |
|
70 |
17.36 |
95 |
3.40 |
|
71 |
16.56 |
96 |
3.19 |
|
72 |
15.77 |
97 |
3.01 |
|
73 |
15.01 |
98 |
2.86 |
|
74 |
14.25 |
99 |
2.72 |
|
75 |
13.50 |
100 |
2.60 |
Note: The Conversion Factor table is based on the Australian Life Tables 2010-2012, published by the Australian Government Actuary. The life expectancy figures included in the Conversion Factor table are an average of the current male and female life tables published by the AGA.
Source URL: https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/926-reasonableness-test/conversion-factor-table