The Centrelink Relevant Numbers listed below are applicable for pension income streams that started or remain in place during the 2017/18 financial year.
However, it should be noted that a the Relevant Number (RN) will not apply to account based pension and allocated pension income streams that began after 1 January 2015 for Age Pension, DVA Pension and aged care means tested fee assessment.
From 1 January 2015, allocated pensions and account based pensions will be deemed to earn an income under the Centrelink Deeming Provisions.This table should not be used in calculating the deductible amount for income streams commenced prior to 1 January 2015. Please use this relevant number table for income streams commenced between 1/1/2010 and 31/12/2014.
The life expectancy table below is the most recent table of life expectancy as of today and should be used for calculating the relevant number and deductible amount of lifetime annuity income streams for payments that commenced on or after 1 January 2015.
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The factors are based on the life tables published by the Australian Government Actuary (AGA).