ETP cap amount for 2013/14
Editor: The ATO has recently provided updated rates and thresholds for the 2013/14 income year for superannuation and related payments.
For life benefit and death benefit termination payments, the amount up to the ETP cap amount (which will be $180,000 in 2013/14, up from $175,000 in 2012/13) is generally taxed at a concessional rate. The amount in excess of the ETP cap amount is taxed at the top marginal rate.
Editor: Incidentally, the superannuation 'low rate cap' will also be $180,000 in 2013/14.