Date posted:
The Commonwealth Preservation Age (CPA) is used to determine the amount of taxation members will pay on their lump sum superannuation benefits only if they elect to receive these benefits in cash, and where they are under their CPA at that time.
Superannuation benefits taken as a defined benefit income stream are not affected by CPA taxation rates and rules.
Date of birth |
Commonwealth Preservation Age |
Before 1 July 1960 |
55 |
1 July 1960 to 30 June 1961 |
56 |
1 July 1961 to 30 June 1962 |
57 |
1 July 1962 to 30 June 1963 |
58 |
1 July 1963 to 30 June 1964 |
59 |
After 30 June 1964 |
60 |