If you received payments during the year and your employer deducted tax, you should receive a PAYG payment summary (formerly known as group certificate) from them at the end of the year. This includes salary, wages, commissions and bonus payments.…
The valuation of defined benefit interest in family law is a difficult and complicated feature of the Family law (Superannuation) Regulations 2001.
The family law valuation of almost all common defined benefit interests is based on the general principle of:
Fund multiple x Number of Years x Current Salary x Present value Discount
This can, for example been in the formula for the valuation of lump sum defined benefit interest in the growth phase:
ABM x Salary x Fy+m
ABM: is accrued benefit multiple (fund multiple x years service)
Salary: being salary for superannuation purposes at date of valuation
Fy+m: being the present value discount based on the number of years to retirement.
The family law value of a defined benefit interest will increase over time because of the effect of the three factors: