BENDZULLA ACTUARIAL PTY LTD

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LIFE EXPECTANCY FOR PENSION PURPOSES

The tables below show the life expectancy factors that are relevant to SMSF's for certain pension calculations.

For example:

  • Until 01/07/2007, life expectancy factors are used for the calculation of pension deductible amounts (i.e. the tax free return of capital component in each pension payment).
  • They are also used for the calculation of duration options in market-linked pensions and life expectancy defined pensions.

The tables below are based on Australian Life Tables prepared by the Australian Government Actuary. Specifically, they are ALT 1990-92, ALT 1995-97, ALT 2000-02 and ALT 2005-07 respectively.

The tables also illustrate how the life expectancy of Australians has improved over the years, and the differences between males and females.

Pension Commenced
 
Age
From 1/1/96 to 31/12/99
From 1/1/2000 to 31/12/2004 *
From 1/1/2005 to 31/12/2009 *
From 1/1/2010 onwards
Male
Female
Male
Female
Male
Female
Male
Female
0
74.32
80.39
75.69
81.37
77.64
82.87
 79.02 83.67
1
73.92
79.91
75.15
80.78
77.08
82.25
 78.44 83.04
2
72.97
78.95
74.20
79.81
76.12
81.29
 77.47 82.07
3
72.01
77.98
73.22
78.83
75.14
80.30
 76.49 81.08
4
71.03
76.99
72.25
77.85
74.16
79.32
 75.50 80.10
5
70.05
76.01
71.26
76.87
73.17
78.33
 74.51 79.11
6
69.06
75.02
70.28
75.88
72.18
77.34
 73.52 78.11
7
68.08
74.03
69.29
74.89
71.20
76.35
 72.53 77.12
8
67.09
73.04
68.30
73.90
70.21
75.35
 71.54 76.13
9
66.10
72.05
67.31
72.91
69.21
74.36
 70.55 75.14
10
65.11
71.06
66.32
71.91
68.22
73.37
 69.55  74.14
11
64.13
70.07
65.33
70.92
67.23
72.37
 68.56 73.15
12
63.14
69.08
64.34
69.93
66.24
71.38
 67.57 72.15
13
62.15
68.09
63.35
68.94
65.25
70.39
 66.58 71.16
14
61.16
67.10
62.36
67.96
64.26
69.39
 65.58 70.16
15
60.18
66.11
61.38
66.97
63.28
68.41
 64.59 69.17
16
59.21
65.13
60.41
65.98
62.30
67.42
 63.61 68.19
17
58.24
64.15
59.44
65.00
61.33
66.44
 62.63 67.20
18
57.29
63.17
58.49
64.02
60.37
65.45
 61.66 66.22
19
56.35
62.20
57.55
63.04
59.43
64.48
 60.71 65.24
20
55.42
61.22
56.61
62.07
58.48
63.50
 59.75 64.25
21
54.48
60.25
55.68
61.09
57.54
62.52
 58.80 63.27
22
53.55
59.28
54.75
60.12
56.59
61.54
 57.84 62.29
23
52.62
58.30
53.81
59.14
55.65
60.57
 56.88 61.31
24
51.69
57.33
52.88
58.16
54.71
59.59
 55.93 60.32
25
50.76
56.35
51.94
57.18
53.77
58.61
 54.97 59.34
26
49.82
55.38
51.01
56.21
52.83
57.63
 54.02 58.36
27
48.89
54.40
50.07
55.23
51.89
56.65
 53.06 57.38
28
47.95
53.30
49.14
54.25
50.85
55.68
 52.11 56.40
29
47.01
52.45
48.20
53.27
50.01
54.70
 51.16 55.42
30
46.07
51.48
47.26
52.30
49.07
53.72
 50.20 54.44
31
45.13
50.50
46.32
51.32
48.13
52.75
 49.25 53.46
32
44.19
49.53
45.38
50.35
47.19
51.77
 48.30 52.48
33
43.25
48.56
44.44
49.38
46.24
50.80
 47.35 51.50
34
42.31
47.58
43.50
48.41
45.30
49.82
 46.40 50.52
35
41.37
46.61
42.57
47.44
44.35
48.85
 45.45 49.55
36
40.42
45.64
41.63
46.47
43.41
47.88
 44.50 48.58
37
39.48
44.67
40.69
45.50
42.47
46.91
 43.55 47.60
38
38.54
43.70
39.75
44.53
41.53
45.94
 42.60 46.63
39
37.60
42.74
38.81
43.56
40.58
44.98
 41.66 45.66
40
36.66
41.77
37.88
42.60
39.65
44.01
 40.71 44.70
41
35.73
40.81
36.94
41.64
38.71
43.05
 39.77 43.73
42
34.79
39.85
36.01
40.68
37.77
42.09
 38.83 42.77
43
33.86
38.90
35.08
39.72
36.84
41.14
 37.89 41.81
44
32.94
37.95
34.15
38.76
35.91
40.18
 36.96 40.85
45
32.01
37.00
33.22
37.81
34.98
39.23
 36.03 39.90
46
31.09
36.05
32.30
36.86
34.06
38.28
 35.10 38.95
47
30.18
35.11
31.38
35.92
33.13
37.33
 34.18 38.00
48
29.27
34.18
30.46
34.98
32.22
36.39
 33.26 37.05
49
28.37
33.25
29.55
34.04
31.30
35.45
 32.34 36.11
50
27.48
32.32
28.64
33.11
30.38
34.51
 31.43 35.17
51
26.59
31.10
27.74
32.18
29.49
33.58
 30.53 34.24
52
25.71
30.49
26.85
31.26
28.59
32.66
 29.63 33.31
53
24.84
29.58
25.97
30.34
27.69
31.73
 28.73 32.38
54
23.98
28.68
25.09
29.43
26.80
30.82
 27.84 31.45
55
23.13
27.78
24.22
28.53
25.92
29.91
 26.95 30.53
56
22.30
26.90
23.36
27.63
25.05
29.00
 26.08 29.61
57
21.47
26.02
22.51
26.74
24.19
28.10
 25.20 28.70
58
20.66
25.14
21.68
25.86
23.34
27.21
 24.34 27.79
59
19.87
24.27
20.86
24.98
22.49
26.32
 23.48 26.89
60
19.09
23.42
20.05
24.11
21.66
25.44
 22.63 26.00
61
18.32
22.57
19.25
23.25
20.84
24.57
 21.79 25.11
62
17.57
21.72
18.46
22.39
20.04
23.71
 20.96 24.23
63
16.83
20.89
17.70
21.54
19.24
22.85
 20.14 23.35
64
16.12
20.07
16.94
20.70
18.46
22.00
 19.34 22.48
65
15.41
19.26
16.21
19.88
17.70
21.15
 18.54 21.62
66
14.73
18.45
15.49
19.06
16.95
20.32
 17.76 20.76
67
14.06
17.66
14.79
18.25
16.21
19.49
 16.99 19.92
68
13.40
16.89
14.11
17.46
15.48
18.67
 16.24 19.08
69
12.76
16.12
13.44
16.67
14.78
17.87
 15.49 18.24
70
12.14
15.37
12.80
15.90
14.08
17.08
 14.76 17.42
71
11.54
14.64
12.17
15.14
13.41
16.29
 14.04 16.61
72
10.95
13.92
11.56
14.40
12.75
15.53
 13.33 15.82
73
10.39
13.22
10.96
13.67
12.11
14.78
 12.64 15.03
74
9.84
12.53
10.38
12.96
11.50
14.05
 11.96 14.27
75
9.31
11.87
9.82
12.26
10.90
13.33
 11.31 13.51
76
8.80
11.22
9.27
11.58
10.32
12.63
 10.68 12.78
77
8.32
10.60
8.74
10.92
9.77
11.94
 10.07 12.05
78
7.86
9.99
8.24
10.28
9.24
11.27
 9.48 11.35
79
7.42
9.41
7.76
9.67
8.73
10.61
 8.92 10.67
80
7.00
8.85
7.30
9.09
8.24
9.98
 8.38 10.01
81
6.60
8.31
6.87
8.53
7.77
9.38
 7.86 9.37
82
6.23
7.80
6.46
8.00
7.32
8.81
 7.36 8.75
83
5.87
7.31
6.08
7.46
6.89
8.27
 6.89 8.17
84
5.54
6.84
5.73
7.00
6.48
7.76
 6.45 7.61
85
5.23
6.40
5.40
6.53
6.11
7.28
 6.03 7.08
86
4.93
5.99
5.10
6.10
5.77
6.83
 5.64 6.58
87
4.66
5.60
4.82
5.69
5.47
6.41
 5.27 6.11
88
4.40
5.24
4.57
5.32
5.20
6.02
 4.94 5.68
89
4.15
4.90
4.35
4.98
4.95
5.66
 4.63 5.28
90
3.93
4.59
4.16
4.67
4.74
5.33
 4.36 4.91
91
3.72
4.30
3.99
4.39
4.54
5.03
 4.11 4.57
92
3.52
4.04
3.86
4.15
4.36
4.75
 3.89 4.27
93
3.34
3.81
3.73
3.93
4.19
4.50
 3.69 3.99
94
3.19
3.60
3.62
3.72
4.03
4.28
 3.51 3.75
95
3.05
3.41
3.50
3.54
3.87
4.07
 3.36 3.53
96
2.93
3.24
3.39
3.37
3.73
3.88
 3.22 3.33
97
2.84
3.09
3.28
3.21
3.60
3.71
 3.10 3.16
98
2.76
2.94
3.18
3.07
3.47
3.55
 2.99 3.00
99
2.70
2.82
3.07
2.93
3.35
3.40
 2.90 2.86
100
2.64
2.69
2.98
2.81
3.24
3.26
 2.81 2.74
101
2.59
2.58
2.88
2.70
3.14
3.13
 2.73 2.63
102
2.55
2.47
2.79
2.59
3.04
3.01
 2.66 2.54
103
2.51
2.36
2.71
2.50
2.94
2.90
 2.60 2.46
104
2.47
2.26
2.64
2.41
2.85
2.79
 2.54 2.38
105
2.44
2.16
2.57
2.32
2.77
2.69
 2.49 2.32
106
2.40
2.07
2.51
2.24
2.69
2.80
 2.44 2.26
107
2.37
1.98
2.45
2.17
2.61
2.52
 2.40 2.20
108
2.34
1.89
2.40
2.10
2.54
2.43
 2.35 2.15
109
2.31
1.81
2.36
2.03
2.47
2.35
 2.30 2.09

* For pensions commencing from 20/9/2004 to 31/12/2004, either of these tables could be used.

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