Tax rates are 15% up to the lower cap amount, 30% to the upper cap amount and then the top marginal rate. It is not possible to roll over these monies to a super fund. Some transitional arrangement exemptions apply.

Income Year	Lower Cap Amount	Upper Cap Amount
2009-10	$150,000	$1m (not indexed)
2008-9	$145,000	$1m (not indexed)
2007-8	$140,000	$1m (not indexed)

Some transitional provisions:

Tax-free part of bona fide redundancy payments and approved early retirement scheme payments limits
Income Year	Base Limit	Per Complete Year of Service
2006/2007	$6,783	$3,392
2005/2006	$6,491	$3,246
2004/2005	$6,194	$3,097
2003/2004	$5,882	$2,941
2002/2003	$5,623	$2,812
2001/2002	$5,295	$2,648
2000/2001	$5,062	$2,531
1999/2000	$4,858	$2,429
1998/1999	$4,712	$2,356
1997/1998	$4,548	$2,274
1996/1997	$4,348	$2,174
1995/1996	$4,180	$2,090
1994/1995	$4,000	$2,000

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