Australian Government: Attorney-General's Department
Australian Government: Attorney-General's DepartmentAchieving a Just and Secure Society

Superannuation splitting - valuation examples

We have done some worked valuation examples using the valuation methods and factors set out in the FL Super Regulations.

The following scenarios are covered by the examples:

  • lump sum defined benefit interest in the growth phase held by a current employee of the sponsor of a fund (Part 2 of Schedule 2 of the FL Super Regulations)
  • pension defined benefit interest in the growth phase held by a current employee of the sponsor of a fund  (Part 3 of Schedule 2 of the FL Super Regulations)
  • defined benefit interest in the growth phase held by a current employee of the sponsor of a fund which is payable as either a pension or lump sum, with no restriction on the combination (Clause 28 of Part 4 of Schedule 2 of the FL Super Regulations)
  • defined benefit interest in the growth phase held by a current employee of the sponsor of a fund which is payable as a pension with the option to commute up to 30% of the pension to a lump sum (Clause 29 of Part 4 of Schedule 2 of the FL Super Regulations)
  • lump sum defined benefit interest in the growth phase held by a former employee of the sponsor of a fund (Part 5 of Schedule 2 of the FL Super Regulations)
  • lump sum defined benefit interest in the growth phase held by a former employee of the sponsor of a fund (Part 6 of Schedule 2 of the FL Super Regulations)
  • defined benefit interest in the growth phase held by a former employee of the sponsor of a fund which is payable as a lump sum  with the option to commute up to 30% of the pension to a lump sum (Clause 39 of Part 7 of the FL Super Regulations)
  • pension defined benefit interest in the growth phase - accrued benefit multiple not defined (Part 3 of Schedule 2 of the FL Super Regulations)
  • pension defined benefit interest in the payment phase (Schedule 4 of the FL Super Regulations)
  • fixed term pension in the payment phase (Schedule 5 of the FL Super Regulations)
  • fixed term pension plus future lump sum in the payment phase (Schedule 6 of the FL Super Regulations)
  • partially vested accumulation interest (Schedule 3 of the FL Super Regulations)
  • Superannuation Valuation Examples [DOC 194 KB]
  • Superannuation Valuation Examples [PDF 164KB]

Remember that for some superannuation interests it will be necessary to value them according to approved scheme specific methods or factors.  When you apply for information about the superannuation interest the trustee will tell you whether any scheme specific methods or factors have been approved that will apply to the superannuation interest that you want to value.