BARRISTERS’ SICKNESS AND ACCIDENT FUND PTY. LIMITED
Selborne Chambers, 174 Phillip Street, Sydney 2000
DX 1204 Tel (02) 9232 4055 Fax (02) 9221 1149
ACN: 000 381 617 - ABN: 81 343 104 276
Premiums Example
For example: A barrister aged 36 choosing a weekly benefit of $2,500 would pay a 30% premium of $750, plus 10% GST, then Stamp Duty of 5% for a total of $866.25.
| EXAMPLE - CALCULATION TABLES | |||||
|
Benefit |
Premium |
GST |
Stamp Duty |
Total Payable |
|
|
|
|
|
|
AGE |
500.00 |
$115.00 |
$11.50 |
$6.33 |
$132.83 |
up to 29 |
1,500.00 |
$345.00 |
$34.50 |
$18.98 |
$398.48 |
RATE: 23 % |
2,500.00 |
$575.00 |
$57.50 |
$31.63 |
$664.13 |
3,500.00 |
$805.00 |
$80.50 |
$44.28 |
$929.78 |
|
|
4,500.00 |
$1,035.00 |
$103.50 |
$56.93 |
$1,195.43 |
|
5,500.00 |
$1,265.00 |
$126.50 |
$69.58 |
$1,461.08 |
|
6,500.00 |
$1,495.00 |
$149.50 |
$82.23 |
$1,726.73 |
|
7,500.00 |
$1,725.00 |
$172.50 |
$94.88 |
$1,992.38 |
|
|
|
|
|
|
AGE |
500.00 |
$130.00 |
$13.00 |
$7.15 |
$150.15 |
30 - 34 |
1,500.00 |
$390.00 |
$39.00 |
$21.45 |
$450.45 |
RATE: 26 % |
2,500.00 |
$650.00 |
$65.00 |
$35.75 |
$750.75 |
3,500.00 |
$910.00 |
$91.00 |
$50.05 |
$1,051.05 |
|
|
4,500.00 |
$1,170.00 |
$117.00 |
$64.35 |
$1,351.35 |
|
5,500.00 |
$1,430.00 |
$143.00 |
$78.65 |
$1,651.65 |
|
6,500.00 |
$1,690.00 |
$169.00 |
$92.95 |
$1,951.95 |
|
7,500.00 |
$1,950.00 |
$195.00 |
$107.25 |
$2,252.25 |
|
|
|
|
|
|
AGE |
500.00 |
$150.00 |
$15.00 |
$8.25 |
$173.25 |
35 - 39 |
1,500.00 |
$450.00 |
$45.00 |
$24.75 |
$519.75 |
RATE: 30 % |
2,500.00 |
$750.00 |
$75.00 |
$41.25 |
$866.25 |
3,500.00 |
$1,050.00 |
$105.00 |
$57.75 |
$1,212.75 |
|
|
4,500.00 |
$1,350.00 |
$135.00 |
$74.25 |
$1,559.25 |
|
5,500.00 |
$1,650.00 |
$165.00 |
$90.75 |
$1,905.75 |
|
6,500.00 |
$1,950.00 |
$195.00 |
$107.25 |
$2,252.25 |
|
7,500.00 |
$2,250.00 |
$225.00 |
$123.75 |
$2,598.75 |
|
|
|
|
|
|
AGE |
500.00 |
$180.00 |
$18.00 |
$9.90 |
$207.90 |
40 - 44 |
1,500.00 |
$540.00 |
$54.00 |
$29.70 |
$623.70 |
RATE: 36 % |
2,500.00 |
$900.00 |
$90.00 |
$49.50 |
$1,039.50 |
3,500.00 |
$1,260.00 |
$126.00 |
$69.30 |
$1,455.30 |
|
|
4,500.00 |
$1,620.00 |
$162.00 |
$89.10 |
$1,871.10 |
|
5,500.00 |
$1,980.00 |
$198.00 |
$108.90 |
$2,286.90 |
|
6,500.00 |
$2,340.00 |
$234.00 |
$128.70 |
$2,702.70 |
|
7,500.00 |
$2,700.00 |
$270.00 |
$148.50 |
$3,118.50 |
|
|
||||
AGE |
500.00 |
$225.00 |
$22.50 |
$12.38 |
$259.88 |
45 -49 |
1,500.00 |
$675.00 |
$67.50 |
$37.13 |
$779.63 |
RATE: 45 % |
2,500.00 |
$1,125.00 |
$112.50 |
$61.88 |
$1,299.38 |
3,500.00 |
$1,575.00 |
$157.50 |
$86.63 |
$1,819.13 |
|
|
4,500.00 |
$2,025.00 |
$202.50 |
$111.38 |
$2,338.88 |
|
5,500.00 |
$2,475.00 |
$247.50 |
$136.13 |
$2,858.63 |
|
6,500.00 |
$2,925.00 |
$292.50 |
$160.88 |
$3,378.38 |
|
7,500.00 |
$3,375.00 |
$337.50 |
$185.63 |
$3,898.13 |
|
|
|
|
|
|
AGE |
500.00 |
$280.00 |
$28.00 |
$15.40 |
$323.40 |
50 - 54 |
1,500.00 |
$840.00 |
$84.00 |
$46.20 |
$970.20 |
RATE: 56 % |
2,500.00 |
$1,400.00 |
$140.00 |
$77.00 |
$1,617.00 |
3,500.00 |
$1,960.00 |
$196.00 |
$107.80 |
$2,263.80 |
|
|
4,500.00 |
$2,520.00 |
$252.00 |
$138.60 |
$2,910.60 |
|
5,500.00 |
$3,080.00 |
$308.00 |
$169.40 |
$3,557.40 |
|
6,500.00 |
$3,640.00 |
$364.00 |
$200.20 |
$4,204.20 |
|
7,500.00 |
$4,200.00 |
$420.00 |
$231.00 |
$4,851.00 |
|
|
|
|
|
|
AGE |
500.00 |
$350.00 |
$35.00 |
$19.25 |
$404.25 |
55-59 |
1,500.00 |
$1,050.00 |
$105.00 |
$57.75 |
$1,212.75 |
RATE: 70 % |
2,500.00 |
$1,750.00 |
$175.00 |
$96.25 |
$2,021.25 |
3,500.00 |
$2,450.00 |
$245.00 |
$134.75 |
$2,829.75 |
|
|
4,500.00 |
$3,150.00 |
$315.00 |
$173.25 |
$3,638.25 |
|
5,500.00 |
$3,850.00 |
$385.00 |
$211.75 |
$4,446.75 |
|
6,500.00 |
$4,550.00 |
$455.00 |
$250.25 |
$5,255.25 |
|
7,500.00 |
$5,250.00 |
$525.00 |
$288.75 |
$6,063.75 |
|
|
|
|
|
|
AGE |
500.00 |
$465.00 |
$46.50 |
$25.58 |
$537.08 |
60 - 64 |
1,500.00 |
$1,395.00 |
$139.50 |
$76.73 |
$1,611.23 |
RATE: 93 % |
2,500.00 |
$2,325.00 |
$232.50 |
$127.88 |
$2,685.38 |
3,500.00 |
$3,255.00 |
$325.50 |
$179.03 |
$3,759.53 |
|
|
4,500.00 |
$4,185.00 |
$418.50 |
$230.18 |
$4,833.68 |
|
5,500.00 |
$5,115.00 |
$511.50 |
$281.33 |
$5,907.83 |
|
6,500.00 |
$6,045.00 |
$604.50 |
$332.48 |
$6,981.98 |
|
7,500.00 |
$6,975.00 |
$697.50 |
$383.63 |
$8,056.13 |
|
|
|
|
|
|
AGE |
500.00 |
$620.00 |
$62.00 |
$34.10 |
$716.10 |
65 - 69 |
1,500.00 |
$1,860.00 |
$186.00 |
$102.30 |
$2,148.30 |
RATE: 1.24 % |
2,500.00 |
$3,100.00 |
$310.00 |
$170.50 |
$3,580.50 |
3,500.00 |
$4,340.00 |
$434.00 |
$238.70 |
$5,012.70 |
|
|
4,500.00 |
$5,580.00 |
$558.00 |
$306.90 |
$6,444.90 |
|
5,500.00 |
$6,820.00 |
$682.00 |
$375.10 |
$7,877.10 |
|
6,500.00 |
$8,060.00 |
$806.00 |
$443.30 |
$9,309.30 |
|
7,500.00 |
$9,300.00 |
$930.00 |
$511.50 |
$10,741.50 |
DISCLAIMER
The Barristers Sickness and Accident Fund is a separate entity to the New South Wales Bar Association.
The Fund is managed by the Trustee Company, the Barristers Sickness and Accident Fund Pty Ltd.
The New South Wales Bar Association takes no responsibility for the accuracy contained in the above
material and does not accept any liability whatsoever from any reliance on the information. Specific
enquiries about the fund should be directed to The Secretary