1.5 Superannuation Account Extract
The relevant PLIDA tables used for calculating estimates is the madip-anu-fv-maasmats table.
The data items used in calculating current and annual superannuation pensions and annuities income are presented in the table below.
| Data item | Data item description | Data item purpose |
|---|---|---|
| SF_MBRSHP_ACNT_BAL_AMT | Superannuation balance | Determines income received |
| ACNT_PHS_CD | Account phase code | Establishes income amounts |
| SMSF_IND | SMSF identifier | Establishes income amounts |
Superannuation Account Extract data is used to model a ‘lower-bound’ estimate of current and annual superannuation income (SAE_SUP_CUR and SAE_SUP_ANN) by applying the minimum drawdown requirement (dependent on the person’s age) to the balance of superannuation account/s obtained from the superannuation data. This approach will only partially estimate superannuation incomes, as people may draw down more than the minimum drawdown requirement.
Only accounts in the retirement phase are used in this calculation. For non-SMSF accounts, this is indicated by a particular value of the account phase code. Where more than one account produces an income, these are added together to provide a total income amount. For SMSF records, retirement phase is inferred based on the person's age and earned income. That is, the persons age must be over the preservation age, and admin data shows that no employee or own unincorporated business incomes are received by the person.