Adding or updating a lifetime income stream 108-05060030

Policy

Social Security Guide 1.1.I.70 Income stream

Social Security Guide 4.9.2 Asset-Test Exempt (ATE) Income Streams

Social Security Guide 4.9.2.17 Retention of asset test exemption for ATE income streams purchased from 20/09/2004, or from 20/09/2007

Social Security Guide 4.9.2.40 Commuting an asset-test exempt income stream

Social Security Guide 4.9.2.50 Joint income streams

Social Security Guide 4.9.3 Asset-tested income streams

Social Security Guide 4.9.4 Self Managed Superannuation Funds (SMSFs) & Small APRA Funds (SAFs)

Social Security Guide 4.9.5 Life expectancy, pension valuation factor & payment factor tables

Social Security Guide 4.9.5.48 Table of life expectancy - payments commenced on or after 01/01/2015 to 31/12/2019

Social Security Guide 4.9.5.49 Table of life expectancy - payments commenced on or after 01/01/2020 to 31/12/2024

Social Security Guide 4.9.6 Assessment of divorce property settlements

Social Security Guide 4.9.7 Social Security Treatment of Structured Settlements

Social Security Guide 4.9.8 Specific provisions & historical information for income streams

Social Security Guide 6.7.3.20 Waiver of debt

Social Security (Asset-test Exempt Income Stream Guidelines) Determination 2025 - Federal Register of Legislation

Eligibility criteria and conditions for waiver of debts raised for non-allowable commutations

Social Security (Waiver of Debts – Legacy Product Conversions) Specification 2025 - Federal Register of Legislation

Legislation

Links to the Federal Register of Legislation site go to an 'All versions' page. Select the 'Latest' version.

Social Security Act 1991

• section 9, Financial assets and income streams definitions
• section 9A, Meaning of asset-test exempt income stream - lifetime income streams
• section 1098, Income from asset-test exempt income stream
• section 1099B, Income from asset-tested income stream (long term)
• section 1119, Value of asset-tested income streams that are not defined benefit income streams
• section 1120B, Value of partially asset-test exempt income streams