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Retirement income stream tax calculator

Calculate the tax-free amount and tax offset applicable to your TelstraSuper RetireAccess income stream. Please note, if you are aged 60 or over for the entire year, income payments from your TelstraSuper RetireAccess account will be tax free.

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Superannuation income payments from a taxed source are tax free to those aged 60 or over for the entire tax year.
If you are under age 57 you are not entitled to a tax offset unless you have an approved Total and Permanent Disability (TPD) claim.
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To find out your tax-free component, download a Super Summary in SuperOnline or call 1300 033 166
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Tax-free amount of your TelstraSuper RetireAccess income

Your age next 1st July
Your annual income
Your account balance
Potential tax-free percentage
Potential tax-free amount of your annual TelstraSuper RetireAccess income payment

Tax offset applicable to your TelstraSuper RetireAccess income

Your TelstraSuper RetireAccess assessable income is
Your potential TelstraSuper RetireAccess tax offset is

Superannuation income payments from a taxed source are tax free to those aged 60 or over for the entire tax year.

If you have not yet reached preservation age, you are not entitled to a tax offset unless you have an approved Total and Permanent Disability (TPD) claim.


Marginal Tax Rates

This table shows the income tax (PAYG) rates applicable to your assessable income for the current financial year.

Your Assessable Income Marginal Tax Rate %
$0 - $18,200 0%
$18,201 - $37,000 19%
$37,001 - $87,000 32.5%
$87,001 - $180,000 37%
$180,001 + 45%

Where to from here?

If you have any questions about your TelstraSuper RetireAccess account or if you are interested in starting a TelstraSuper RetireAccess retirement income stream, call us on 1300 033 166 or fill in our online contact form.

Terms of use

The assumptions and information provided in this calculator are given in good faith and have been derived from sources, believed to be correct and reliable as at 1 July 2016. However, as the assumptions and information may change, Telstra Super Pty Ltd gives no warranty or guarantee as to the accuracy or the reliability of the information in or provided by, this calculator. The validity of the estimates depends on the appropriateness of the assumptions and the accuracy of the data entered by you. To the extent permitted by law, Telstra Super Pty Ltd is in no way liable for any loss or damage caused by your reliance on information obtained by using this calculator. This calculator provides estimates only and should not be relied on for the purposes of making any decisions in relation to your super. We recommend you seek financial advice from Telstra Super Financial Planning Pty Ltd prior to making any decisions.