Date amended:
External
Policy & Procedure

This table converts a weekly payment for permanent impairment to a lump sum. Please note the MRCA enables the maximum lump sum to be paid for males up to age 30.

 

Factors for converting weekly amount (under s68, 71 or 75(2)) to a lump sum under s78(5) of the MRCA where the election is made on or after 1 March 2021

 

Age Next Birthday at the Notice Date

Male

Female

Age Next Birthday at the Notice Date

Male

Female

Up to 31

1343.6

1343.6

61

852.0

928.2

32

1332.0

1343.6

62

830.4

906.7

33

1320.1

1343.6

63

808.5

884.8

34

1307.9

1343.6

64

786.2

862.4

35

1295.4

1343.6

65

763.6

839.6

36

1282.5

1336.4

66

740.6

816.4

37

1269.3

1324.3

67

717.4

792.8

38

1255.9

1311.9

68

693.9

768.8

39

1242.1

1299.1

69

670.2

744.6

40

1227.9

1286.0

70

646.3

720.0

41

1213.5

1272.6

71

622.2

695.1

42

1198.7

1258.8

72

598.1

670.1

43

1183.6

1244.7

73

573.9

644.8

44

1168.1

1230.3

74

549.8

619.3

45

1152.3

1215.5

75

525.7

593.7

46

1136.2

1200.4

76

501.6

568.0

47

1119.7

1185.0

77

477.7

542.2

48

1102.9

1169.2

78

454.0

516.4

49

1085.7

1153.0

79

430.6

490.7

50

1068.1

1136.4

80

407.5

465.2

51

1050.2

1119.5

81

384.9

440.0

52

1031.9

1102.2

82

363.0

415.1

53

1013.2

1084.5

83

341.6

390.8

54

994.2

1066.4

84

321.1

367.0

55

974.8

1047.9

85

301.5

343.9

56

955.1

1029.0

86

282.8

321.6

57

935.1

1009.7

87

265.1

300.3

58

914.8

990.0

88

248.6

280.0

59

894.2

969.9

89

233.2

260.7

60

873.2

949.3

90 and above

219.2

242.7