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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| 2 | Determine which persons the relevant number must be obtained for.
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| 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 tables show life expectancy for calculating the relevant number for males and females. The factors are based on the 2020-22 life tables, published by the Australian Government Actuary. The tables relate to income streams with a commencement day on or after 1 January 2025.
To obtain the relevant table, scroll to the bottom of the page and click on the first table: ‘Australian Life Tables’.
Open the downloaded spreadsheet and refer to Column G, denoted with the variable е̊x , which is the relevant number.