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Us retirees think it'sReasonable Benefits Limit
Tax Office definitionsReasonable benefit limits (RBL)RBL is the maximum amount of retirement and termination of employment benefits that a person can receive over their lifetime at concessional (reduced) tax rates.Due to a number of legislative changes in relation to RBL, there are different types of RBLs that may apply including:Flat dollar RBLTransitional RBLHAS based RBL15 Feb 90 balance RBL15 Aug 1989 RBLRefer to each particular RBL definition for more information.For each type of RBL there is a Lump Sum limit and a Pension limit and these limits are indexed annually (with the exception of 15 February 1990 and 15 August 1989 RBLs).Refer to the definition 'Excessive RBL determination notice' for details about the taxation of benefits that exceed the taxpayer's RBL.
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