Valuation Report 30 June 2015 Baseline Valuation

Department of Social Services

Final Report 2016

Executive Summary

Department of Social Services | i

Part I: Executive summary

Executive Summary

1. Introduction

Context of this report

The Department of Social Services (the Department) has set up an Investment Approach Taskforce to implement the Australian Priority Investment Approach to social welfare with the aim of reducing welfare dependence, and improving the lifetime wellbeing of people and families in Australia.

PricewaterhouseCoopers (PwC), in conjunction with Data Analysis Australia (DAA) has been engaged to undertake the actuarial analysis supporting the Australian Priority Investment Approach. This will involve four annual actuarial valuations of the Commonwealth’s social security and income support system, the first of which is known as the ‘baseline valuation’, and estimates the total lifetime costs for the Australian population as at 30 June 2015. This report documents the baseline valuation.

PwC’s engagement commenced on 14 September 2015, and a draft report outlining the valuation method was prepared in October, discussed with the Department during November and revised in late November to incorporate feedback. The project is being overseen by the Investment Approach Inter-Departmental Committee (IDC), and the members of this Committee along with members of the Department’s own Internal Reference Group came together with PwC at a design session on 23 November to discuss the actuarial model that will support the Australian Priority Investment Approach, how it will work and what is important to stakeholders.

A draft baseline valuation report was then prepared and delivered in mid-December, which built on the draft method report and on the discussion at the design session. Its purpose was to start documenting the assumptions being developed, to explore early insights coming out of the analysis, and to bring to life the format for communicating results and outputs from the model. The draft baseline valuation report documented results from the foundation model which applied assumptions by age, gender and class. The next phase of the project involved refining the model to incorporate risk factors, and this final baseline report documents the final baseline model incorporating these risk factors, and takes into account feedback on the format, structure, content and terminology contained in the draft report.

Purpose of valuation and report

The purpose of the actuarial valuation is to underpin the Australian Priority Investment Approach, by informing decisions on the management of the welfare system that are effective in increasing the capacity of individuals to live independently of welfare; in addressing the risk of intergenerational welfare dependence; and in decreasing Commonwealth long term social security costs. At the macro level the actuarial valuation can be used as a governance tool – to measure and monitor long term costs of the system and evaluate the effectiveness of new policies in improving financial and social outcomes. At the micro level it can provide information on the past experience and expected future cost of specific groups, to help inform targeted policy for people in these groups.

The intention of the Australian Priority Investment Approach is to ensure funding is directed towards evidence based policy interventions which increase the chances of sustained employment and self-reliance. Over time, this may include ceasing policy settings or interventions that are shown not to reduce the lifetime costs of welfare for particular groups; introducing policy settings or interventions that encourage self-reliance for particular groups; or investing in more tailored and effective policy settings or interventions for individuals and families who are identified as being most at risk of long-term welfare dependency. A key output of the valuation is therefore to quantify lifetime costs for groups with similar characteristics, to inform evidence-based decisions regarding policy settings and potential interventions for these groups.

The following framework for considering these groups and developing interventions has been adapted from the workers’ compensation field, which shares the overarching objective of assisting people with capacity to work, to do so.

Executive Summary

This report is intended to describe the assumptions and results of the valuation in relatively simple language, highlighting key features of the model and its outputs, providing early insights and discussing some groups of interest for potential policy priority through the lens of the investment approach. Note that separate to this report, we are developing technical documentation that will cover matters such as more detailed aspects of the model structure, statistical fitting techniques, and so on.

Scope of work

We have valued the payments for which the Department has policy responsibility as at 30 June 2015, and have developed the valuation on the basis that the currently legislated policy continues indefinitely. For example, future changes to increase the qualifying age for the age pension have been allowed for (as these were already reflected in legislation at 30 June 2015), while changes to the Family Tax Benefit that were proposed in the 2015 Budget are not allowed for (as these were not reflected in legislation at 30 June 2015). The valuation covers all future welfare payments to a closed population for the rest of their natural lives (which is currently capped at 110 years in the model). The population used in the valuation model includes all current Australian residents and any current welfare recipients residing overseas. The demographic profile of this population and their welfare class at the valuation date is shown below.

Executive Summary

This population pyramid illustrates a number of broad features of the welfare payment system, such as the way in which males and females access different supports at different stages of life, and the large proportion of the population at older ages who access the age pension.

Evolution of the actuarial valuation model

The actuarial valuation model has been designed to provide the Department with a comprehensive and flexible platform that can be further developed over time.

This platform includes the ability to generate results for the whole population, for sub-groups, for different scenarios and for different sets of assumptions. It provides the Department with the option of extending the model by including more data or refining it through the inclusion of more sophisticated assumptions as time progresses.

The foundation version of the actuarial model, by class, age and gender, was documented in the December 2015 draft report, and still forms an important role in the final baseline valuation. Building on the foundation model, considerable work has been undertaken to incorporate more detailed assumptions into the model – such as life circumstances and risk characteristics – with the aim of further differentiating the experience and costs by class, age, and gender groups for the final baseline valuation. However, as discussed in the report, in preparing the final baseline model it has been necessary to balance the time and complex analysis required to introduce each risk characteristic, with the need for robust, timely results. As agreed with the Department, during this phase of work we have applied the principle of optimising the utility of the model without compromising its quality or the timeliness of its delivery.

The resulting final baseline model uses more sophisticated assumptions in many areas – for example, whether someone is partnered or not, how many children they have and at what ages, their highest attained level of education, duration in class, and other important factors affecting their payment eligibility and risk profile. We have tested the prediction success of the final baseline model compared to the foundation version, and confirmed that this has improved materially. However, we have continued to adopt foundation assumptions in a number of areas where we felt more detailed risk modelling would be of limited value, and these areas are discussed throughout the report.

The model will continue to be further developed in conjunction with the Department over the remaining years of PwC’s contract, refining the analysis and exploring the use of more data. The priorities for model improvement ahead of the next (30 June 2016) valuation will be discussed and agreed with the Department and IDC. As the model evolves to include more detailed risk factors the total lifetime cost would be expected to remain similar, however it will differentiate more between groups of people and achieve greater accuracy in the average lifetime cost information for increasingly refined groups.

Executive Summary

For this baseline valuation we agreed with the Department that the valuation of the age pension component of the lifetime costs would be indicative and that further refinement of this component of the valuation would be undertaken for the 30 June 2016 valuation. These costs are influenced by factors such as levels of superannuation savings and investment values and we have not yet had the opportunity to fully research and analyse the expected longer term trends in these cost drivers.

2. Results

Total lifetime cost

The key result of the actuarial valuation is the total lifetime cost, which is defined at the valuation date as the net present value of future in-scope payments made to all people in the model population over the remainder of their natural lifetimes (capped at 110 years of age).

The total lifetime cost can be assessed for any group of people within the model population. In the discussion on the results we examine the total lifetime cost for the whole model population and for four groups of people in the starting population:

Future migrants and unborn children are not included in the estimate of total lifetime cost, but will appear in future valuations once they migrate or are born, and at that time will contribute to an increase in the total lifetime cost.

Average lifetime cost

Note that while the model does simulate the lifetime trajectory of each individual, it is only intended that results ever be considered for a similar group of individuals – either in total or on average for that group.

Lifetime cost results by class

Executive Summary

Current welfare recipients

- Studying payment recipients

392,000

24

97

8,500

157

90

247

29

- Working age payment recipients

1,302,000

39

410

10,900

174

141

315

29

- Parenting payment recipients

432,000

33

191

29,100

324

118

441

15

- Carer payment recipients

265,000

51

109

25,600

244

168

411

16

- Disability support pensioners

813,000

50

338

21,300

258

157

416

20

- Age pensioners

2,495,000

76

507

16,600

1

202

203

12

- Family non IS clients

1,547,000

40

342

5,500

103

118

221

40

- Carer non IS clients

199,000

51

42

6,800

99

114

213

31

- Other non IS clients

561,000

54

87

2,500

72

84

155

62

20

Previous welfare recipients

- Exited 1-3 years

1,351,000

39

270

n/a

84

115

200

n/a

- Exited 4+ years

2,560,000

46

410

n/a

47

113

160

n/a

n/a

n/a

Rest of Australian resident population

- Rest of Australian resident population

11,949,000

28

1,961

n/a

77

88

164

n/a

Notes:

The valuation model considers people’s basic age pension, energy supplement and pension supplements and models each of these elements separately. The information shown above for the age pension part of the average lifetime cost reflects all the payments made to people whilst in receipt of the age pension.

The average payment in 2014/15 is understated owing to the data maturity issues with FTB and family payment data. This has a particular impact on the average payments for people in the family non IS and other non IS classes; we would expect these amount to ultimately be larger than the figures shown.

1 http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/5204.02014-15?OpenDocument

Executive Summary

separated it out in the table. This is shown more clearly in the graph below, which further splits the lifetime costs by class shown in the above table, into the 17 payment categories that we have included in the model.

Note: Class 12, the rest of the Australian population, is much larger than other classes and has not been shown in full in the chart. The total lifetime cost for this class is $1,961 billion and (owing to the truncation of the chart) includes a broader range of payment categories than have been shown.

The age pension component of the lifetime cost is generally lower for younger people, as their retirement is further into the future and the projected payments are discounted more. It is also lower for groups which are expected to include a lower proportion of future age pensioners.

Given the dominance of age pension payments, we have also shown the chart excluding payments received whilst individuals are in the pension age class.

Note: Class 12, the rest of the Australian population, is much larger than other classes and has not been shown in full in the chart. The total lifetime cost (excluding age pension costs) for this class is $915 billion.

Executive Summary

For the pre-retirement part of the total lifetime cost, we can see that:

Development of group results

While the total lifetime cost results for current welfare recipients are interesting and provide a useful framework for measuring the impact of future changes, they are generally quantifying fairly broad and well-known features of the system rather than introducing new insights. The more interesting question is: what are the factors that will influence one group of people to leave the system quickly and another to remain on benefits for a long time? By way of example, if you look at the ‘studying’ class in the Figure 2 above, you can see that the lifetime cost of $97 billion actually comprises a relatively small component of income support for people while they are actually studying (the blue portion of the bar). The majority of the cost relates to future welfare payments for people who transition from studying into working age, parenting or other income supports, then costs of FTB and family payments, and eventually the age pension cost. Drilling further into this example, below is a projection of the expected future trajectory for the 392,000 people currently in the ‘studying’ class.

Explanation of chart:

This trajectory chart starts with all the people in the studying class at June 2015 and shows the proportions of them who are expected to be in each of the 12 classes at each subsequent year end:

Executive Summary

This shows that while about 85% of people are expected to exit this class over the next 5 years, only about half of the people in the starting population will leave the system completely over this timeframe – with the remainder moving into other classes. Between 20 and 30% of the starting population are expected to be on some form of income support for the next 40-50 years and at retirement a number of those who exited will re-enter and receive the age pension. Note that the chart is simplified to show proportions rather than actual people, so there will be some people who (for example) move from studying to working age payments then back to studying, or into and out of the system, however our analysis does show a core of actual people who will start on studying payment and never leave the system.

To sum up, while the average lifetime cost of people in the ‘studying’ class at the time of the valuation is $247,000, the variability of actual lifetime costs around this average will be considerable – some people will exit promptly with an individual lifetime cost of less than $20,000, while some remain on some form of income support for life, with an individual cost approaching $1 million. This variability is illustrated in the graph below, which shows the average lifetime cost and distribution around this for a female aged 20-24 currently in the ‘studying’ class.

Note: the grey bars in this chart represent the upper and lower quartiles and median points of the cost distribution

In respect of this example, the aim of the risk modelling phase of the baseline valuation was to determine whether statistical analysis of the data could predict which groups of people are more likely to transition from studying to other forms of welfare support over their lifetime (with high lifetime cost), rather than exiting the studying class and remaining out of the system for the remainder of their lifetime (with low lifetime cost).

This highlighted that some factors that predicted higher lifetime costs within the studying class were: parents - who are more likely to stay within the system and potentially move to the parenting or family non IS classes; both the very youngest and oldest people in the class – who are predicted to be more likely to stay within the system; and people receiving a number of other supplements – which may be a proxy for having particular circumstances that increase the chance of transitioning to a different form of income support.

Our intention is to continue to evolve the model over subsequent valuations, in line with the Department’s priorities. In this example, the model may be improved by incorporating more detailed Education data, or other risk characteristics, to better predict the composition of the group of people who are likely to transition from studying into other classes.

Section 9 of this report examines each class in more detail, with reference to the relevant charts. Note that our model outputs include a range of charts that are available by age, gender and other characteristics, using drop-down boxes. This report includes some of these to illustrate how to interpret the charts and highlight interesting points, however the real value of the outputs will be to facilitate discussion amongst experts about long term dynamics of the system, discuss groups and develop ideas for potential policy changes or interventions.

Executive Summary

3. Assumptions and sensitivity

Many of the assumptions underlying the actuarial valuation are developed by considering patterns of past use of the welfare system. In some cases the past experience has been volatile and in others the experience has trended from year to year, most likely as a result of policy changes. Some policy changes are recent and not fully reflected in the observed experience; people may also behave differently in the future than they have in the past. These considerations mean that the assumptions are inherently uncertain, and the actual future experience may differ from that modelled.

This is particularly so when considering assumptions relating to experience far into the future. One example is the future trends in age pension entry and payment, and setting the probability that someone who either is or is not in the system now at age 25, will eventually go on to age pension in 40+ years’ time. Research suggests that the proportion of part pensioners is expected to increase as younger generations will have a greater opportunity to build superannuation savings. We have allowed for this trend by assuming an increasing trend in the proportions of part pensioners at retirement and this reduces the lifetime cost by 1% compared to the scenario where no adjustment is made. Whilst the direction of this trend is well evidenced, the quantum of the shift is relatively uncertain and a range of scenarios could be considered to be reasonable.

The long term nature of the lifetime cost results means they are highly sensitive to some of the assumptions, as quantified in section 8. For example, a reduction in the assumed discount rate from 6% (which has been adopted for the baseline valuation) to 5%, would add around $1,600 billion to the total lifetime cost. The results are also quite sensitive to indexation assumptions and to the mortality rates selected. For instance, we have assumed mortality improvements in line with long term forecasts for the population. These have the effect of increasing the assessed lifetime costs by around $600 billion compared to a scenario where no improvement is adopted.

4. Dynamics of the system

Our understanding is that to date, analysis of the welfare system has tended to focus on a series of “snapshot” views of the active population at different times, and on immediate or short term impacts on this active population. Where longitudinal analysis (i.e. tracking the same people over time) has been conducted, this has usually been done on sample data, not for the whole welfare recipient population.

The longitudinal data suite that has been developed by the Department provides the facility to conduct more comprehensive longitudinal analysis on the whole welfare recipient population. When combined with the broader census data, further insights can be gleaned about movements into and out of the system. As a prelude to identifying and understanding “groups of interest”, it is informative to examine the dynamics of how people move into, through and out of the system.

Executive Summary

Entry to the system

The graph below illustrates the key points of entry into the welfare system – by age and gender, and which class they first enter into.

Notes:

These charts show the “spikes” in entry at particular ages, based on the payment eligibility rules, and show the noticeable effect of family tax benefit receipt, especially for females (noting these people first come into ‘Non-IS Other’ in the year they first receive FTB, family or parental payments then are reallocated to ‘Non-IS Family’ in the following year). People only enter the system in their own right once they reach their teenage years, though some of these people would come from families who have received income support throughout the teenager’s childhood. One of the benefits of considering the whole population in the model, not just current welfare recipients, is the ability to quantify the future lifetime cost of today’s children as they grow older, and to identify groups at risk of long-term welfare dependency well before they reach adulthood. Our analysis shows that people entering the system at very young ages on average have a lower probability of eventually becoming self-reliant than those entering at slightly older ages, regardless of which class they first enter.

The graphs also show a gradual drift up in entry rates to the income support classes after age 55, up until retirement age when another large spike of entrants occurs as people qualify for the age pension.

The chart below illustrates the expected pattern of movements into the system for the 15.9 million people who did not receive any payment in the 2014/15 year.

Executive Summary

We can see that around 10% of this group would be expected to start receiving payments over the next 5 years, with working age payments, FTB and the age pension being the most common main payment types they will receive.

Looking further into the future, around 30% of this group, or more than 5 million people, are expected to be receiving some type of payments for most of the next 50 years.

Movements through the system

As part of our exploratory analysis, we prepared a set of charts which started with the people who received a payment in 2010/11, and tracked their subsequent movement between classes or out of the system. We also looked backwards at people who received a payment in 2014/15, to see where they had come from.

These charts have been shared with the Department and are discussed later in this report. Overall, they show that the studying, working age and parenting income support classes, plus the non-income support classes, are more “mobile” than age pension, disability support pension and carers payment classes.

The past patterns of movement through classes have been used to inform assumptions about future movements, and for people who are in the system at the valuation date, the following chart shows their projected “movement” through the system in total, including exits via death.

The persistency of the current welfare recipient population is noticeable with over 50% of current welfare recipients projected to be receiving some form of payment at any point over the next 15 years. The dominance of the age pension is also very apparent – as current age pensioners die, more transition in from other classes until towards the end of the graph, anyone who remains on benefit is generally receiving age pension.

Executive Summary

Exits from the system

Finally, we examine the exits from the system (other than death).

We can see that the main classes from which people exit the system (other than death) are studying, working age and Non-IS Family (noting that most people who are on parenting payment will transition to family tax benefit only as their children get older, before exiting the system).

These two graphs further illustrate the earlier points that few people exit disability support pension, age pension or carer categories directly, other than by death.

5. Model use and limitations

Executive Summary

Particularly for the baseline, it will be important that the actuarial valuation model is used to identify policy priorities in a systematic way, in conjunction with appropriate expertise and dovetailing with existing policy and investment frameworks. The actuarial valuation model results should be validated in the context of broader qualitative evidence, wellbeing measures, existing policy evaluation frameworks and expertise.

6. Other insights

In addition to the results shown above, helpful information and insights can be gleaned from the statistical analysis underlying the model, the model outputs themselves and from exploration of the historical data. These include:

The report highlights some of these insights by way of example in explaining the results, and further insights will be gained as the model outputs are further explored with the Department.

Forecasts

The chart below shows the expected numbers of people in each active welfare class in each of the next 5 years.

0500,0001,000,0001,500,0002,000,0002,500,0003,000,0001 Studying2 WorkingAge3 Parents4 Carers5 DisabilitySupport6 PensionAge7 Non ISFamily8 Non ISCarer9 Non ISOtherNo. of Individuals30-Jun-1530-Jun-1630-Jun-1730-Jun-1830-Jun-1930-Jun-20

Notes:

The most notable feature of this forecast is the expected growth in numbers of age pensioners and working age payment recipients. The changing age profile of the population is a big driver of these forecasts. However, future increases in pension age together with the tightening eligibility for disability support pension are expected to drive an increase in the numbers of people staying in the Working Age class.

Executive Summary

Groups of Interest

An important purpose of the actuarial valuation is to identify “groups of interest”, who have relatively high lifetime costs, but where, with more effective policy settings or effective intervention (particularly at welfare entry and transition points), those costs could be reduced and the lifetime wellbeing of the people in the group improved. These groups will effectively be candidates for the application of the investment approach, and the report identifies some groups worthy of more detailed exploration, based on these criteria. Note that the way in which these groups are identified and described in this report (for example, their age bracket, gender, class, life circumstances or characteristics) is informed by the model structure and data. Further groups are likely to be identified or existing groups modified or narrowed as the model results are explored more fully in conjunction with the Department’s social policy experts and external stakeholders.

We expect that more detailed exploration of these groups will assist in better understanding the factors affecting their life chances and choices, to inform potential interventions or policy adjustments. In this regard, the model can be combined with targeted analysis of the past experience of groups of interest.

In identifying groups of interest, we have put forward an intervention framework (shown above at page iii) that considers groups currently outside the system, who could be prevented from entering; as well as early intervention for people when they first enter; intervention at critical stages; and support for long term welfare recipients who have capacity to reduce their dependence on welfare.

Some candidate groups for further exploration and consideration using this framework, and based on the actuarial analysis, are:

We highlight that the groups of interest identified and discussed in the report are not exhaustive, and that further groups are likely to be identified or existing groups modified or narrowed as the model results are explored more fully in conjunction with the Department’s social policy experts and external stakeholders.

Contents

1.1 Background 2

1.2 Purpose of the valuation 2

1.3 Reliances 3

1.4 Professional standards 3

2 Method 4

2.1 Overview of valuation method 4

2.2 Development of the baseline valuation results 5

3 Data 7

3.1 Data provided by the Department 7

3.2 Other data sources 9

3.3 Data limitations 10

3.4 Summary of the data used for assumption development 11

4 Model population 12

4.1 Scope of population 12

4.2 Summary of current population 12

4.3 Development of model population dataset 13

4.4 Model segmentation 14

4.5 Approved care organisations 18

5 Scope and categorisation of payments 19

5.1 Scope of payments 19

5.2 Payment type categorisation 19

6 Assumptions 24

6.1 Overview of assumptions 24

6.2 Policy basis 24

6.3 Flow assumptions 25

6.4 Welfare class movement assumptions 28

6.5 Payment category utilisation assumptions 30

6.6 Payment assumptions 32

6.7 Economic and other adjustments 36

6.8 Economic assumptions 38

7 Model outputs, validation and limitations 40

7.1 Outputs and model use 40

7.2 Limitations of the actuarial model 40

7.3 Model validation and risk mitigation 41

8 Overall results 43

8.1 Scope of valuation 43

8.2 Terminology 43

8.3 Total lifetime cost 44

8.4 Areas of sensitivity and uncertainty 48

9 Results for current welfare recipient classes 51

9.1 Studying Payment recipients 53

9.2 Working Age Payment recipients 57

9.3 Parenting Payment recipients 61

9.4 Carers (Income Support) 66

9.5 Disability Support Pensioners 70

9.6 Age Pensioners 74

9.7 Non income support – Family 78

9.8 Non income support – Carers 82

9.9 Non income support - Other 86

10 Analysis of exits and entrants 91

10.1 Exits from the system 91

10.2 Past new entrant experience 92

10.3 Expected new entrants 95

11 Results for non-welfare recipient classes 97

11.1 Previous welfare recipients 97

11.2 Rest of the Australian population 101

12 Forecasts 105

12.1 Background 105

12.2 Lifetime cost forecasts 106

12.3 Forecasts of other information 107

13 Dynamics of the system 108

13.1 Introduction 108

13.2 Trajectories through the system 108

14.1 Introduction 111

14.2 Application to classes 112

14.3 A framework for further analysis 116

Appendix A Policy changes 118

Appendix B Exploratory analysis 121

Appendix C Model factors 122

Appendix D Glossary 130

Introduction

Part II: Valuation results

Introduction

1 Introduction

1.1 Background

In its May 2015 Budget, the Commonwealth Government announced an intention to implement the Australian Priority Investment Approach to welfare in Australia.

The Department of Social Services (the Department) has set up an Investment Approach Taskforce to implement the Australian Priority Investment Approach to social welfare with the aim of reducing welfare dependence, and improving the lifetime wellbeing of people and families in Australia.

PricewaterhouseCoopers (PwC), in conjunction with Data Analysis Australia (DAA) has been engaged by the Department to undertake the actuarial analysis supporting the Australian Priority Investment Approach. PwC will undertake four annual actuarial valuations of the Commonwealth’s social security and income support system, the first of which is known as the ‘baseline valuation’, and estimates the total lifetime costs for the Australian population as at 30 June 2015. This report documents the baseline valuation.

1.2 Purpose of the valuation

Introduction

1.3 Reliances

This report has been prepared at the request of the Department to document the Actuarial Valuation of Australia’s social security and income support system as at 30 June 2015. It is not intended, or necessarily suitable, for any other purpose. The report relies on the completeness and accuracy of information compiled and provided by the Department. We have not verified that data is accurate or complete, but we have checked it for internal consistency and for consistency with other information summaries produced by the Department. We note that the Department also does not give any warranty as to the reliability or accuracy of the data provided to PwC for the valuation. There is a limitation to the accuracy of the results contained in this report because of the inherent uncertainty of any estimation of such long term costs. The issue of uncertainty is expanded upon in Section 8.4 of this report. We accept no liability for loss or damage howsoever arising in the use of this report by the Department for other than the purpose stated above, nor for any use of this report, without full understanding of the reliances and limitations noted above, or for errors or omissions arising from the provision of inaccurate or incomplete information to us. We accept no liability for loss or damages howsoever arising in the use of this report by third parties. The report has been prepared by the PwC Actuarial team led by Christa Marjoribanks and Rosi Winn. The PwC team has been provided with statistical modelling assistance by a team of statisticians from Data Analysis Australia, led by Dr John Henstridge.

1.4 Professional standards

The advice in this report is Prescribed Actuarial Advice as defined in the Code of Professional Conduct issued by the Actuaries Institute. The advice is intended to satisfy that Code.

The International Actuarial Association has published an International Standard of Actuarial Practice 2 (ISAP 2) “Financial Analysis of Social Security Programs”. It is our view that the standard is not intended to cover the type of social benefit system in Australia; it focuses on schemes with narrower scopes and elements of funding. As such, we do not consider it relevant to this valuation.

Method

2 Method

2.1 Overview of valuation method

Method

A description of each of the modules follows.

Projection module

The projection module is at the heart of the modelling and is used to project the path of each individual through their lifetime. The projections include individual characteristics such as basic demographics, partnering and children and the person’s interaction with the welfare system and the payments received. The module operates by applying assumptions to simulate the future trajectory of each person in the population, their welfare utilisation and payments in each future year. It operates iteratively with the experience in one year providing the starting point for the next year’s iteration. The model population and all of the model assumptions feed into this central module.

Population module

The population module is used to generate an individual welfare recipient dataset for use in the simulation model. It represents the population at the valuation date and contains person records for all current and previous welfare recipients as well as all potential future welfare recipients i.e. representative of the full resident population of Australia. It includes actual and imputed data for current and recent welfare recipients and representative data for the rest of the population. For the baseline model we included people solely as individuals: we identified existing partners and children and modelled these going forward to allow us to examine how changes in these may influence people’s interactions with the welfare system. However we have not modelled people in households, nor have we taken into account specific information on the use of welfare by related people whether partners, parents or children.

Assumptions modules

ls’

Results module

The projection module produces detailed outputs which include information on each person’s welfare utilisation for each future year.

The results module is the tool used to summarise these detailed outputs and develop information for use by the Department, and produce the total lifetime costs and class level results presented in this report.

Further information on the valuation method is provided in our report “Method Report 30 June 2015 Baseline Valuation”, dated January 2016.

2.2 Development of the baseline valuation results

Evolution of the baseline valuation

This baseline valuation has been undertaken over the period from the middle of September 2015 to the end of January 2016. The valuation was developed and implemented with oversight from the Department and the Investment Approach Inter-Departmental Committee (IDC). Input was sought from the Department and IDC on the method and regular conversations were held throughout the development period to consider the information emerging from the analysis and provide expert views on features of the experience.

Method

Staged development of model

Data

3 Data

3.1 Data provided by the Department

The data was extracted with an ‘as at’ date (the date at which data is cut-off) of 30 June 2015 (aligning to the valuation date) and an ‘as known as’ date (the date to which information known is recorded) of 30 June 2015.

The selection of 30 June 2015 as the ‘as known as’ date gives rise to the possibility of new information being received after this point in time which changes the data and in particular that for the most recent financial year. We reviewed the historic data to examine the magnitude of this and also considered previous studies on data maturity undertaken by the Department.

These investigations indicated that there are very significant maturity issues for Family Tax benefits, child care benefit and child care rebate as people’s entitlements for all these payment types are updated as new claims are made and information for existing claimants updated as people submit their tax returns. It would be necessary to wait until the end of September or later to obtain materially more complete data for these payment categories.

There is also the potential for more minor immaturity issues in other payment types as a result of a number of factors, including: people making applications for payments which then take time to be approved and the payments subsequently being backdated; time taken to adjust partial payments as people provide information

Data

on their income; changes as people have payments suspended or reinstated; and late reporting of deaths. The analyses suggest factors result in the numbers of people receiving each income support payment to vary by 1-2% between those immediately being observed as receiving payments for any fortnight and a retrospective view of this. A significant part of the change relates to people moving between payment types rather than on and off benefit. These data changes occur gradually over a number of months. We also note that the change in the numbers of people receiving these income support payment types would be somewhat less when considered over a full financial year rather than for a single fortnightly payment period.

The ‘as known as’ date of 30 June was selected after consideration of the Department’s requirements for timely results and consideration of the patterns of future changes to the data beyond the date chosen which indicate that a three month lag would be needed to resolve the most major impacts.

The maturity issues have instead been managed through development of modelling classes which recognise the delay in receipt of information for Family Tax benefits and child care benefits (see section 4.4); through the careful selection of the time periods over which the experience has been analysed in developing assumptions; and through making some adjustments to the population data reflect the undercount of FTB and child care in the 2014/15 records.

We note that this type of data maturity issue is quite common in actuarial work. Analysis to date has highlighted areas where the data maturity should be considered further for future valuations. PwC are working with the Department in order to improve on the process and consider any further adjustments which could be made to allow for the maturity issue.

A number of the tables from the longitudinal administrative data have been used to construct a consolidated longitudinal modelling data set to support the actuarial analysis. This consists of one record for each person for each financial year during which they are in the payment system, and each financial year subsequent to their death or exit from the system. The records reflect the information for a financial year and contain:

This is the primary data source used to develop information for current people in receipt of Commonwealth welfare payments and for people who have recently exited the system.

All personal data used here was de-identified prior to its use in this project, in order to help maintain the confidentiality of personal data. The de-identification of this data involved the Department scrambling the person-identifier attached to each record as well as excluding sensitive information such as names, detailed address information, and Australian Business Numbers.

The payment data provided by the Department includes information whose purpose is explained through a combination of 3 codes of which there are circa. 1900 combinations.

PwC have worked together with the Department’s staff to map these codes into a number of payment types for consideration for modelling. There are around 100 payment types that were considered in this process.

The construction of this longitudinal modelling dataset was a very substantial task in itself. The format of the source data was such that each variable included needed to be developed on a stand alone basis before being compiled into the main dataset. Variables also needed to be assessed for completeness and grouped into sensible levels for modelling.

For the baseline valuation we have focussed the data development on developing the entitlement data and a limited number of key characteristic variables which were identified as important for modelling purposes.

Data

Reconciliation and validation of data

The information extracted from the administrative data suite has not been audited by PwC.

We have however undertaken a high level reconciliation of the payments and examined the information for internal consistency prior to its use. The reconciliation covered the last four years of payments and checked the payment information extracted against the Department’s financial reporting information. At an overall level the data reconciled within 1% for all years except 2014/15. For 2014/15 the majority of the difference is explained by timing differences related to the Family Tax Benefit.

We have also worked with staff from the Department to perform quality assurance checks on the process of extracting and manipulating the data. Any issues identified through this process have been resolved prior to the data being used for developing the valuation results.

The department has indicated that it will undertake further validation and assurance work in relation to the ongoing validation of data.

3.2 Other data sources

ABS Data

2

HILDA Survey Data

The Household, Income and Labour Dynamics in Australia (HILDA) Survey is a household-based panel study which began in 2001 and is managed by the University of Melbourne. It collects information about economic and subjective well-being, labour market dynamics and family dynamics. Information is collected annually through interviews with all adult members of each household. The survey covered around 7,500 households and 14,000 individuals in wave 1 with around 5,000 additional people being included in wave 11.

We have used the HILDA survey in developing the demographic assumptions described later in the report.

Life tables

Other information sources

We have also used a number of other sources of information in developing our model and the assumptions. These are discussed in the relevant sections of this report and include economic data and forecasts, population projections and details of the welfare system and payment design, the eligibility criteria and indexation rates applying.

2 ABS 2011 Census of Population and Housing, undertaken 9 August 2011.

3 http://www.abs.gov.au/websitedbs/censushome.nsf/home/tablebuilder?opendocument&navpos=240

4 http://www.aga.gov.au/publications/life_table_2010-12/

Data

3.3 Data limitations

Data

3.4 Summary of the data used for assumption development

The main data sources used to develop the model assumptions are shown in Table 2 below.

Eligibility criteria for each payment type

Payment structures for each payment type

Policy change impacts

DSS summary information

Centrelink payment guides

Legislation

Mortality

Partner status

Having children (fertility, taking on care of children)

Education status

DSS data

Population statistics

Life tables

Research on population experience

HILDA Survey

New entrants to the payment system

Movements between welfare classes

Exits from the payment system

DSS data

Supplemented by information on benefit design

Modelled mortality

For each payment category and people in each class

DSS data

Supplemented by information on benefit design

For people receiving payments in each payment category

DSS data

Supplemented by information on benefit design

Assumptions are planned to be used to adjust the underlying assumptions (items 1-4 above) to reflect current and expected future economic conditions

Economic forecasts

Past economic data and DSS data

Research on past experience and any other relevant experience

Indexation

Discounting

External economic data

Referencing information on benefit design

Model population

4 Model population

4.1 Scope of population

The scope of the population for the baseline valuation includes all Australian residents at 30 June 2015 and overseas welfare recipients who received a payment in the 2014/15 year. Future migrants and unborn children are not included in the model, but will appear in future valuations once they migrate or are born, and at that time will contribute to an increase in the total lifetime cost. The valuation model allows for the impact of future children on the likelihood and size of welfare payments for members of the model population, but does not estimate the future liabilities for the unborn children once they are eligible to receive welfare payments in their own right. The valuation model allows for new entrants to the welfare payment system in each future year to be drawn from the model population, including existing children. The reporting of the costs for these future new entrants is discussed in Section 8.1.

4.2 Summary of current population

The Australian estimated resident population at 30 June 2015 is 23.8 million people. The model population is 23.9 million people; this is slightly larger than the resident population owing to the inclusion of overseas residents who currently receive welfare payments as represented below.

5

5 Source: ABS – 2014 estimated resident population projected to 2015 by PwC

Model population

4.3 Development of model population dataset

Australian resident population

A full synthetic dataset was developed to represent the 2015 Australian resident population. This was done by: 1 Expanding the 2011 Census sample population from 1% to 100%. 2 Adjusting the population from the enumerated population (those covered by the 2011 census) to the 2011 estimated resident population. This adjustment allows for people overseas on census night and for the net undercount in the census. 3 Adjusting the population further to represent the 2015 estimated resident population. This step included adjustments for ageing the population and for changes arising from migration. 4 Enhancing the population using statistical imputation referencing external data to produce a synthetic dataset which is representative of the population. This step was required as some important characteristics were either not available or have limited detail in the original data. Specifically, indigenous status was not available on the original data and so was imputed; age was expanded from 5 year age bands to individual ages and a more detailed location was also imputed. Imputation was also used to establish variable information for individuals for whom the census response was ‘not stated’. The populations generated through the first three steps of this process are illustrated below.

2011 census (light colours) => 2011 ERP (mid colours) => 2015 ERP (dark colours)

Model population

The model population data has been developed from the dataset with synthetic records for the 2015 estimated resident population and the latest data for people in receipt of Commonwealth welfare payments.

The development process was performed using an algorithm which replaced records for synthetic people in the population data with records for actual people in receipt of Commonwealth welfare payments. In deploying this algorithm a range of characteristics were considered in order to identify the best available records for replacement.

The figure below illustrates the extent to which records with common characteristics were identified for replacement.

Model population

Owing to the synthetic nature of the population data and the likelihood of missing or inconsistent information in the data for people in receipt of Commonwealth welfare payments, we did not expect to achieve common values across all variables.

The objective of this replacement process was to ensure that both the component for people in receipt of Commonwealth welfare payments and the residual non welfare recipient component of the final population retained a realistic profile in terms of the important demographic characteristics.

As part of this stage of work we imputed a number of variables within the DSS records where the welfare recipient data had missing values by reference to the synthetic population data. The variable for which this step had the biggest number of imputed values was the level of educational attainment. This variable was complete for the majority of younger people in the DSS data but was missing for many older people.

Recent exits

Given the importance of previous welfare utilisation as an indicator of likely future welfare utilisation it is important to ensure the model population dataset identifies people who have recently exited the payment system.

In developing the population data records for this group there is a trade-off between retaining actual DSS records which have the advantage of being longitudinal but may now be out of date, and using synthetic population records which reflect the current population profile but lose the longitudinal information for the person who has exited.

We have balanced these considerations and used the following approach to develop population records for this group:

4.4 Model segmentation

From our previous experience and research we know that past and current receipt of welfare is a very strong predictor of future receipt of welfare. For example, some groups of payment recipients have few exits and it is highly likely a current payment recipient would also receive the payment next year.

Model population

1 Studying

7 Non IS Family

10 Previous welfare recipient

2 Working Age

8 Non IS Carer

11 Dead

3 Parenting

9 Non IS Other

12 Rest of Aust. population

4 Carers

5 Disability support

6 Pension Age

These classes have been defined by reference to the welfare types currently being received; however the types have been grouped so that the classes are more a reflection of an individual’s life situation than that of the detailed payment type structure per se. Most of the welfare classes contain people who receive one or more of a number of payment types. For example the Studying class contains people who received either Austudy, Abstudy or Youth allowance (students). Further details on how the class variable is set for people receiving different payment types are provided in the table below:

People receiving:

People receiving one or more of the following in the previous year but not currently receiving a carer payment:

People who were previously in one of classes 1 to 9 but are not for the latest year.

People receiving:

People receiving any other carers payment, specifically

People who have died during the previous year or in prior years.

People receiving:

People receiving payments but not in any other class.

Rest of modelled population.

People receiving:

People receiving:

People receiving:

Model population

The classes are defined in a hierarchical way so that any person in receipt of any income support payment during the financial year will be assigned to one of the active income support classes. People receiving more than one type of income support payment during a year will be assigned to the most recent and relevant class. For example, a 65 year old person who received the Disability Support Pension for the first 7 months of the year and the Age Pension for the last 5 months will be assigned to class ‘6 Pension Age’. Alternative assignations are possible, for example based on most days in class or on an agreed prioritisation. The payment data was reviewed and it was noted that studying, working age and parenting payments had the greatest overlaps and in practice these payments could be received in any order. This review of the data, together with consideration of the planned model design, suggested that using the latest payment was the most appropriate approach. Note that individuals are assigned to a single class as discussed above, however the model can allow for individuals to utilise multiple payment types over a year, as appropriate. People not receiving income support payments will be assigned to non-income support classes ‘7 Non IS Family’, ‘8 Non IS Carer’ and ‘9 Non IS Other’. These are also defined hierarchically in the following order of precedence: carer, family, other. The remainder of the population will be assigned to one of the inactive classes. This hierarchy will ensure that each person is assigned to a unique class for each year. For FTB and family payments, because payments can be received as part of an income tax assessment post 30 June relating to a previous year, some people who are eligible for 2014-15 payments would not yet have relevant data recorded as at 30 June 2015. For modelling purposes, it is important that classes for a given year are not expected to change significantly as future data becomes available. In order to provide this stability, people are assigned to class ‘7 Non IS Family’ based on whether they are eligible for family payments in the previous year instead of the current year. Consequently, new welfare entrants eligible for family payments for the first year will be assigned to class ‘9 Non IS Other’, moving to class ‘7 Non IS Family’ in the second year. People who are no longer eligible for family payments will remain in class ‘7 Non IS Family’ for a year before they move to class ‘10 Previous Welfare Recipient’.

Welfare class examples and considerations

e previous* year; if nen their class is eith

Model population

Summary of model population by class

The model population split by class is as follows.

01,000,0002,000,0003,000,0004,000,0005,000,000All in classexited >10 yearsexited 4-10 yearsexited 1-3 years

Note: Class 12, the rest of the Australian population is much larger than other classes and has not been shown in full in the chart. It contains 11.95 million people

It is interesting to consider how the current welfare recipients relate to the whole population i.e. which groups of the population are people in receipt of Commonwealth welfare payments. We have used a population pyramid which shows the composition of the population by age and gender to illustrate which people fall into each class and to show the proportion of each group who are current welfare recipients.

Model population

4.5 Approved care organisations

Scope and categorisation of payments

5 Scope and categorisation of payments

5.1 Scope of payments

-20bn40bn60bn80bn100bn120bn2010/112011/122012/132013/142014/15

Note: the payments are slightly understated for the most recent year as some of the family tax benefit payments and much of the child care benefit payments are made after the end of the financial year.

5.2 Payment type categorisation

The payment types have been grouped into 17 broader payment categories for modelling in the valuation. The amounts of payments received by each person within each category are considered in building the valuation models and setting the assumptions. This categorisation is intended to achieve a balance between the benefit of the valuation model capturing the different features of each payment and the costs of having the additional

6 Only available for children born or placed for adoption before 1 March 2014

7 Ceased 20 September 2014

Scope and categorisation of payments

A - IS Studying

B - IS Working Age

C - IS Parents

D - IS Carer

E - IS Disability

F - IS Age

G - IS Dependent

H - Other FTB

I - Other Family

J - Other New Parent

K - Other Living (for specific supplements such as Energy Supplement and Rent Assistance)

L - Other Health & Disability

M - Other Carer

N - Other Study & Skills

O - Other Remote & Regional

P - Other General Allowances (for general pension supplements)

Q - All Other

Note that whilst people are in a single class for each year they may receive payments from a number of different payment categories during that year.

The details of how the individual payment types have been grouped into each payment category are shown in Table 6 and Table 7 overleaf:

Scope and categorisation of payments

There are seven income support payment categories which capture the main financial supports provided when people are of pension age or of working age and either not able to work or not able to find work. People can only access one of these payment types during each fortnightly assessment period.

Abstudy - studying

Austudy

YA (Student)

Abstudy - working

Austudy - working

Newstart

Sickness Allowance

Special Benefit

YA (other)

Parenting Payment - Partnered

Parenting Payment - Single

Carer Payment

Disability Support Pension

Age Pension

Widow B Pension

Wife Pension

Partner Allowance

Widow Allowance

Scope and categorisation of payments

There are ten non income support payment categories which capture the other supplements, allowances and payments provided. These include pension supplements, major payments such as Energy Supplement, Family Tax Benefit, child care payments and a large number of smaller payments.

Some of these payments are paid regularly throughout the year and may be received alongside an income support payment; others are one off payments or link to the tax system.

People can access many of these payment types (and hence categories) during a year and some payments categories such as K – other living and P – other general allowances are utilised by a high proportion of the people in receipt of Commonwealth welfare payments.

Family Tax Benefit A

Family Tax Benefit A Supplement

Family Tax Benefit B

Family Tax Benefit B Supplement

Large Family Supplement

Family Tax Benefit - old

Child Care Payments

Double Orphan Pension

Schoolkids Bonus

Single Income Family Supplement

Child Care Benefit and Child Care Rebate

Multiple Birth Allowance

Dad and Partner Pay

Maternity Payments

Newborn Payment

Parental Leave Pay

Stillborn Baby Payment

Energy Supplement

Living Allowances

Pharmaceutical Allowance

Rent Assistance

Residential Costs

Telephone Allowance

Utilities Allowance

Incidentals Allowances

Mobility Allowance

Essential Medical Equipment Payment

Incentive Allowance

Youth Disability Supplement

Carer Allowance

Carer Supplement

Child Disability Assistance Payment

Carer Supplement - old

Scope and categorisation of payments

CDEP Supplement

Education Supplements

Fares Allowance

Relocation Allowances

Training supplements

Education Entry Payment

Language Literacy & Numeracy Supplement

Pensioner Education Supplement

Relocation Scholarship

School Fees Allowance

School Term Allowance

Student Start-up Scholarship

Work for the dole

Work Program Supplement

Assistance for Isolated Children

Remote Area Allowance

General Supplement

Income Support Bonus

Low Income Supplement

Income Management

Pension Supplement

Pension Bonus Scheme Payment

Pension Bonus Top-Up Payment

Pensioner Loan

Bereavement Allowance

Bereavement Lump Sum

Crisis Payment

Assumptions

6 Assumptions

6.1 Overview of assumptions

6.2 Policy basis

Assumptions

pension entry rates applying after the change; and through adjustments to the average size of payments to pensioners remaining after the change.

Where changes have been made to other areas of Government policy which may ultimately have an impact on welfare utilisation we have not made any allowance for the impact at this stage. An example of this would be the introduction of the National Disability Insurance Scheme (NDIS) which provides assistance to people with disabilities and their carers. Over time this may reduce the extent to which these groups of people draw on supports from the social security system. These types of policy impacts are challenging to quantify reliably and the timing of the emergence of the impacts is uncertain. Hence for these types of changes our approach will be to reflect the policy impacts as they emerge in and are evidenced by the experience.

6.3 Flow assumptions

Overview of demographic flow assumptions

Demographic models often focus on age and gender, with the driving events of births and deaths. While this model needed to consider these, it needed to do much more.

Welfare entitlements are strongly related to household structures and hence it was critical that the model properly emulate how such structures can change over time. Since the model simulates individuals rather than households, this means that the model had to consider the key household circumstances of each individual.

At this stage in the model evolution, the household structure is defined by the partnership status of the individual and the number and ages of children in their care, as well as the frequently different roles undertaken by males and females. The number of possible structures is substantial and hence the number of possible transitions is enormous. To make this manageable the model used a structural approach by considering:

– The possible reduction in the number of children in the care of an individual, such as through children becoming independent.

– The possible increase in the number of children in the care of an individual. Where more than one child is gained, a distribution of ages is simulated. This process can model blended families as well as dependent children returning to the home. The specific case of gaining at least one child of age zero (a new birth) is considered separately to that of gaining children of other ages.

The simulation models the transitions in these characteristics for each individual in each future year, and uses the new household circumstances of the individual to influence future transitions. Note that the nature of the model means that one child may be recorded as being in the care of more than one individual, reflecting joint care.

A key contributor to these demographic flow models was the HILDA (Household Income and Labour Dynamics Australia) data that has tracked over 20,000 Australians over fifteen years, providing unique quantification of the changes that occur in people's lives. Departmental administrative data was used where possible to better characterise individuals receiving payments, where the HILDA data was insufficient and as a constant cross-check for the HILDA data.

Assumptions

We have also modelled mortality and while it is not strictly a demographic property, it was appropriate to consider educational status in this part of the model. The approach for developing each of these characteristics is discussed in turn below.

Further, there are some characteristics which do not change over time (such as a person’s country of birth) or change in a predictable way (such as a person’s age) and these have also been considered in the simulation model as their effects can be modelled without requiring additional assumptions.

Partnering

A person’s partner status is important in determining both their likelihood of accessing payments and the rate of payment applying. For example, the single person Age Pension is more than the partnered Age Pension. As we know each person’s current partner status (partnered or not) we have developed models for the probability of a change in status in the next year. The models reflect the person’s characteristics, including age, current partner status, indigenous status and whether they have children. A critical component of this analysis (and the other demographic sub-models) was the recognition that the probabilities of changes in partnership status differ by the welfare class of the individual. Given the reasons for these differences are complex to understand and model, separate models were effectively created for each welfare class. We have drawn on both the Department’s administrative data and the HILDA survey data in developing these assumptions.

Children

Educational attainment

Whilst there are no direct links to the payment system eligibility, it is hypothesised that a person’s level of education is a predictor of their likelihood of drawing on the welfare system. Conversely receiving payments while studying is likely to result in an increased educational level. Hence we have identified this as an important characteristic to include in the valuation model and have captured this through modelling each person’s highest level of educational attainment.

Assumptions

This is a dynamic variable changing rapidly as people progress through their school years and potentially continuing to change, albeit at a slower rate, throughout their lifetime. As noted earlier this information has been collected for the majority of younger people in receipt of Commonwealth welfare payments but is missing for many older ones. We have imputed the values for those individuals with missing data. We have developed assumptions for how each person’s level of education may change each year, reflecting their characteristics, including current education status, age and gender. Transitions in ‘highest level of education’ can only be upwards so special care was needed to ensure that the model was realistic with most individuals plateauing at a reasonable level of education, while at the same time reflecting the long term trend of increasing educational attainment in Australia. The statistical models have been developed by reference to the HILDA survey data and validated and refined using the Department’s administrative data for the classes where such data was sufficiently complete, such as for those receiving studying payments.

Mortality

Assumptions

Validation of demographic assumptions

The Department and IDC have emphasised the importance of the principle of consistency between population projections underpinning the actuarial valuation and government population projections developed for other purposes. Whilst this remains a model objective we have not received any details of population projections used for other government models, other than those publically available from the ABS. Hence this has been the main source of demographic information used. The model population is a closed one (i.e. one with no people joining it) for which we have developed specific mortality assumptions for different population subgroups. This means that exact alignment with any population projections is not possible, however we have sought general consistency between the mortality and fertility assumptions used in the ABS population projections with the mortality and child birth assumptions used within the actuarial valuation model. Specifically we considered different life tables when selecting the mortality assumptions and assessed the cost impact of adopting alternative sets of assumptions. The impact of using ABS tables rather than the selected assumptions is small, as shown in the sensitivity testing in section 8.4. The closed model population means that the main impact of fertility assumptions within the model is to determine if and when the existing people have new children and this may then impact their utilisation of the various types of family and parenting payments. As we are modelling ‘children in people’s care as recorded in the Department’s administrative data’ the relationship to actual child numbers recorded in population data will be indirect. Notwithstanding this, in validating the model we have considered general trends in numbers of births and total children together with examining the proportions of the population with and without children over time and the differences in this for different groups of people, such as by class and age.

The demographic models for partnering, children and educational attainment were initially developed as independent modules and then brought into the full model structure where they are used in combination with other model components, including the class movement assumptions and the population module.

One would expect that there would be relative stability or gradual trends in the mix of demographic characteristics observed for groups of people of similar ages and genders in each class. Trends in profiles may occur, for example, as a result of more people finishing school and progressing into further education for younger generations than their predecessors or as a result of demographic trends in average family sizes and the age at which people have children. Other factors, such as the proportion of 40 year olds who are partnered, may be more stable over time.

As part of the overall development of the valuation model a number of small calibration adjustments were made to the statistically fitted assumptions to align the overall model. These were developed in an iterative way by reviewing the proportions of people in different classes and age bands exhibiting different characteristics simulated in future years (a cross sectional analysis) and by reviewing how the experience at different ages compares for successive cohorts of people over time (a longitudinal analysis). Census data was considered in checking the reasonableness of the adjustments made.

6.4 Welfare class movement assumptions

These assumptions are used to determine the likelihoods of individuals moving in and out of each welfare class. They are a key assumption in the model as they are used to determine each person’s future trajectory and this reflects their expected interactions with the payment system.

Approach

The movement to class 11 (dead) was modelled by simulating whether a person died using mortality rates and then referencing this event. As people would generally receive some payment in the year of death the class definitions mean that people would move to class 11 in the financial year following that of their death.

The movements to other classes were modelled for those people not moving to class 11 through developing assumptions as to their likely destination classes given the person’s current characteristics.

Assumptions

Example

The Parenting class provides a useful example to illustrate the approach. The chart below shows the single year movements for females in this class by age. This is the experience referenced in setting the foundation assumption.

Assumptions

6.5 Payment category utilisation assumptions

We modelled the payments to each person by considering which of the 17 payment categories they receive any payment entitlements for (the payment utilisation assumptions) and then the amount received in that category (the payment assumptions).

Approach

Assumptions

•

Example

We continue with our example of the Parenting class. The charts below show the foundation payment utilisation assumptions for selected payment categories for females in this class by age.

Working age (

if stayed in Parents class)B - Working age (if moved from Working Age class)C - ParentsH - FTBI - Other FamilyJ - New Parents

Assumptions

Foundation models have been used for the other non-income support payment types. For some of these such as payment category K (which includes energy supplement) over 99% of people utilise the payment category and hence the additional gain from a risk based model is minimal. For others, especially payment categories I and J, there is some variation in utilisation between people with different characteristics and the development of risk models to replace the foundation ones is one way in which the model could be refined in future model evolutions. This would mean the assumed utilisation more accurately reflects each person’s individual situation rather than being an average for someone of their age and gender within the class.

6.6 Payment assumptions

These form the second set of assumptions needed to determine the payments made to each person in each future year. They capture the amount of payments received given that the person has an entitlement. The assumptions are set to reflect 2014/15 payment levels; they are applied in combination with the assumptions for the changes to the level of payments expected in future years which are discussed in section 6.8.

General approach

Assumptions

Examples

The charts below show the foundation payment amount assumptions for selected payment categories for females in the Parenting class by age. These amounts are conditional on a payment utilisation.

C - ParentsH - FTBK - Other LivingP - Other general allowances

Assumptions

The charts below show the distribution of actual levels of annual payments seen for people in the IS Working Age class and IS Disability classes. The charts only include working age payments and DSP payments respectively, and exclude other supplementary payments.

Age pension approach

The age pension payments represent a large part of the overall annual expenditure and form a significant part of everyone’s lifetime cost, both for those currently in class 6 and everyone else who has some chance of entering class 6 in future.

As part of our discussions with the Department in relation to the required scope of work we identified the financial importance of this payment type, both because the future cost of age pension for current welfare recipients at younger ages is a material consideration in applying the investment approach, and because the lifetime cost for age pension payments to people who have already reached retirement age, is substantial. However, we understand that the first round of interventions will consider younger groups and other interventions may be looked at for older Australians in the future.

8 This figure is somewhat less than the reported figure of approximately 80% of DSP recipients who receive full rate for any fortnightly payment period because people may not receive payments for all fortnights in a year.

Assumptions

We agreed that the scope of work for the baseline valuation was to include an indicative cost for this payment type and that this would be refined for the 2016 valuation. The age pension payment model was developed in reference to this scope. It has two sub models which consider people’s payment rates at the point of entry to age pension and then the rates in subsequent years. A range of factors are included in each model:

This model structure retains significant information about the actual payment rates applying to people currently in the class in developing the payment amount assumptions for future years. The age pension payment model includes two adjustments and these are discussed below.

Age pension adjustments

Assumptions

The combined effect of all of these considerations is challenging to model and subject to a material degree of uncertainty. As such we have developed a central scenario which we consider makes a reasonable allowance for this trend and have considered the extent to which this scenario impacts the overall cost as part of the sensitivity testing performed on the model. The central scenario allows for an 8% increase in the proportion of new pensioners who are part rather than full pensioners to occur gradually over the period from 2016 to 2030. This timeframe has been selected as, by 2030, most new retirees will have had an opportunity to build superannuation savings over their full working lifetimes. We consider that this will operate together with the increases in part pensioner numbers that have already been seen for recent retirees to deliver an overall shift in part pensioner proportions of a similar magnitude to that suggested after allowing for the impact of policy changes.

Age pension refinements

The refinements to the model will seek to explore and consider the impacts of a broader range of information, including more information on aggregate trends in asset accumulation and income for people over retirement age and through further discussions in relation to population trends with the Department and other stakeholders.

6.7 Economic and other adjustments

Economic adjustments

The number of welfare recipients will be linked to broader factors such as the macro-economic environment, employment opportunities in the welfare recipients’ region and the incentives implicit in the design of different benefits. All of these factors are dynamic and evolve over time.

The overall design of the valuation model includes development of an economic adjustments module. This will be used to understand the extent to which the macro-economic environment influences welfare utilisation and the extent to which the size and mix of current welfare recipients has been influenced by the economy.

The need for this is illustrated in the chart below which shows the relationship between the number of people in the working age payments class and the unemployment rate. The relationship between numbers of people in other classes and macro-economic factors is less apparent.

0.0m0.4m0.8m1.2m1.6m0.0%2.0%4.0%6.0%8.0%2001-022003-042005-062007-082009-102011-122013-14Unemployment rate (LHS)People in working age class (RHS)

Assumptions

At the time of preparing this baseline report we considered the macro-economic climate, as represented by the unemployment rate and non-accelerating inflation rate of unemployment (NAIRU), shown below.

Forward looking (policy) adjustments

Forward looking adjustments may be needed to ensure the model reflects the current policy settings (those legislated at the valuation date) rather than those reflected in the recent experience. For this reason changes may need to be made to the welfare class movement, payment utilisation and payment assumptions. Our approach for these adjustments was developed after consideration of the main recent and upcoming changes to the payment system (see Appendix A). It includes the elements described below. For policy changes which took effect prior to the valuation date: 1 Exclude any discontinued payment types which will not be available in 2015/16 or any subsequent years from the payment categories for which assumptions are fitted. 2 Where possible develop assumptions with reference to periods of past experience which exclude periods impacted by policy change. 3 Discuss and review the assumptions jointly with Department staff to ensure drivers of variations in experience are identified and adjusted for as far as is practical. 4 Where no appropriate reference period is available, adjust the analysis developed from the historical experience using expert judgement. For policy changes which will take effect after the valuation date: 5 Model retirement timing based on each individual’s actual pension age in order to allow for future changes to retirement age. 6 Make explicit adjustments for major policy changes which form part of current legislation but are not yet well reflected in the past experience.

Assumptions

7 For any future changes to each payment type (such as payments being discontinued or the rate of payment changing), develop an index which reflects the change and apply this in addition to the economic inflation. 8 Other changes to be considered on a case by case basis. At this 30 June 2015 valuation we have allowed for a number of past policy changes in selecting assumptions based on the analysis of past experience. Most notably we have observed changes in rates of movements into disability pension over recent years. We have also allowed for future policy changes including the change in retirement age from age 65 to age 67; the impacts of the changes legislated on 30 June 2015 to the pensions assets test and treatment of defined benefit superannuation; and for the discontinuation of Schoolkids Bonus and the Income Support Bonus (both have the last instalments payable in 2016). The specific adjustments required and the approach for each was discussed in section 6.2.

Other adjustments

Benchmarking and calibration adjustments may also need to be made to reconcile aggregate projections of population characteristics with external benchmark sources, such as reports released by Treasury and the ABS and to ensure the model does not drift out of alignment over the long projection timeframe.

They may also be used to adjust for other longer term trends that are not reflected sufficiently within the other assumptions.

For this baseline valuation we included the following adjustments:

6.8 Economic assumptions

The lifetime cost will be estimated as the net present value of projected payments. Payments are expected to increase in each future year and the indexed payments will then need to be discounted or deflated to allow for the time-value of money. The economic assumptions relate to both the rate of indexation of payments over time and the rate at which they are discounted to their present value.

Indexation assumptions

Indexation assumptions reflect how payments are expected to increase in each future year and are based on the relevant inflation index together with information on any planned changes to the payment structure or criteria. The assumptions will vary by payment category. Projected payments will be indexed within this module to allow for future increases in payment amounts; and discounted or deflated to allow for the time-value of money.

The relevant rate of inflation applied to the index is a function of the macroeconomic outlook. Accordingly, the assumptions are aligned with Treasury’s forecasts and medium- to long-term approach for projecting price indices, as outlined in the 2015-16 Budget and 2015 Intergenerational report. Under this framework, the indexation rates are largely determined by the economic cycle over the short to medium term, but are fixed over the long term in line with economic fundamentals.

The valuation assumes:

Assumptions

The key economic assumptions are shown below:

CPI and PBLCI

2.5%

2.5%

2.5%

2.5%

2.5%

MTAWE

2.5%

2.8%

2.8%

3.3%

4.0%

Discounting assumptions

Discounting is applied to future payments to calculate a net present value. This provides an important reference point, both at an overall and group level, for applying and understanding the results of the investment approach. Discounting takes into account the time value of money, ensures policy interventions can be identified and prioritised. It also allows discounted costs to be compared at different points in time to assess progress.

The overarching methodology, consistent with many other long-duration actuarial valuations in other Government contexts, is to ensure a long term stable gap between discount rates and inflation rates. Using a fixed long term gap minimises the chance of volatile changes in the valuation that are purely due to changing economic assumptions. Such movements would likely confound the purpose of the valuation and the communication of its headline results.

The valuation assumes a nominal discount rate of 6 per cent per annum, consistent with the rate used in valuing the Commonwealth’s defined benefit superannuation liabilities, and representing a longer term average of the 10 year government bond yield. This rate will be revisited as necessary going forward taking into account prospects for a continuation of the prevailing low interest environment.

These discounting assumptions have been discussed and agreed with the Department and IDC.

The table below shows the proposed long term indexation assumptions for each of the indexation regimes as well as the discounting gap with the assumed discount rate of 6 per cent.

CPI/MTAWE/PBLCI

51%

2.5/4 per cent

2/3.5 per cent

CPI

45%

2.5 per cent

3.5 per cent

National minimum wage

2%

To be determined

To be determined

No indexation

2%

0 per cent

6 per cent

Notes: Indexation assumptions for the PBLCI and national minimum wage will require Treasury input

Sources: 2015-16 Commonwealth Budget, Budget Paper 1, Budget Statement 1, 2015 Intergenerational Report and PwC analysis of Departmental data

Model outputs, use and limitations

7 Model outputs, validation and limitations

7.1 Outputs and model use

7.2 Limitations of the actuarial model

Model outputs, use and limitations

7.3 Model validation and risk mitigation

The valuation model has been newly developed for this baseline actuarial valuation and model validation is an essential part of this development process. Our approach to validating the model and mitigating the risks implicit in its development combines the use of an appropriate set of checks and the development by a team with the appropriate skills and experience. In developing the models we have mitigated the risks through first developing the methodology, then a simple version of the model with a simpler ‘foundation’ set of assumptions and finally the full risk based model. At each stage of work the analyses undertaken have been subject to PwC’s standard quality control processes which include review of all work products by a qualified actuary. All the elements of the method have also been discussed by the senior members of the project team and have been subject to review from PwC’s second partner and from senior members of staff from Data Analysis Australia. Throughout these stages we have discussed the emerging analyses and selected assumptions with the Department and where appropriate additional investigations have been undertaken by staff from either PwC or the Department to assist in understanding and interpreting the observed experience. The suite of computer programs used to implement all the statistical elements of the assumption development have been subject to technical review by both PwC staff and senior members of staff from Data Analysis Australia. A comprehensive set of checks has been used in developing the model assumptions and to validate the overall results. Firstly checks were used to validate each module and then to validate the overall model and results. Sensitivity checks have also been used in order to help understand and validate the model behaviour. A summary of the checks used is provided below.

Risk

Check on projected deaths vs. demographic projections

Y

Y

Check on projected partner status profile by age

N/A

Y

Check on projected education status profile by age

N/A

Y

Check on projected child numbers by parent

N/A

Y

Check on projected child numbers by age of child

N/A

Y

Check on projected profiles of numbers and proportions of by class and age

people

Y

Y

Comparison of quality of fit vs. foundation assumptions

N/A

Y

Checks on projected numbers of new entrants by class

Y

Y

Checks on projected numbers of exits by class

Y

Y

Checks on selected payment utilisation assumptions for each payment category vs. past experience

Y

Y

Checks on selected payment size assumptions for each payment category vs. past experience

Y

Y

Statistical goodness of fit tests

N/A

Y

Comparison of quality of fit vs. foundation assumptions

N/A

Y

Checks on combined effect of utilisation and size assumptions both vs. past experience and projected

Y

Y

Checks on application of indexation assumptions

Y

Y

Spot checks on projections for sample people

Y

N/A

Use of representative model points and spot checks to calculation of full current lifetime cost

validate

Y

N/A

Model outputs, use and limitations

Description

Foundation model

Risk based model

Comparison of results to aggregate projections for key individual payment types

Y

Y

Comparison between foundation and risk based models and examination of reasons for differences

N/A

Y

Back-testing: running the full model on population data for previous year ends and comparing the projected experience to that which actually emerged

Y

no (see note)

Sensitivity testing of key assumptions

Y

Y

Overall results

8 Overall results

8.1 Scope of valuation

The valuation includes all payments made to people in the in scope population for the period starting from the valuation date and for their remaining lifetimes. The payments have been assessed on an accruals basis, reflecting the timing of when each person’s payment entitlements accrue rather than when the payment is actually made.

8.2 Terminology

Total Lifetime Cost

Average Lifetime Cost

Overall results

8.3 Total lifetime cost

This is a substantial figure; by way of comparison the in scope payments made in the 2014/15 year totalled $108.8 billion. Hence the total lifetime cost is over 40 times the size of recent annual payments. Such a multiplier is perhaps not unreasonable given that we have included the age pension in the valuation, which a

Overall results

significant proportion of the model population are expected to receive in the future for many years post retirement.

Current welfare recipients

- Studying payment recipients

392,000

24

25%

97

8,500

157

90

247

29

- Working age payment recipients

1,302,000

39

35%

410

10,900

174

141

315

29

- Parenting payment recipients

432,000

33

49%

191

29,100

324

118

441

15

- Carer payment recipients

265,000

51

50%

109

25,600

244

168

411

16

- Disability support pensioners

813,000

50

79%

338

21,300

258

157

416

20

- Age pensioners

2,495,000

76

76%

507

16,600

1

202

203

12

- Family non IS clients

1,547,000

40

53%

342

5,500

103

118

221

40

- Carer non IS clients

199,000

51

53%

42

6,800

99

114

213

31

- Other non IS clients

561,000

54

3%

87

2,500

72

84

155

62

20

Previous welfare recipients

- Exited 1-3 years

1,351,000

39

n/a

270

n/a

84

115

200

n/a

- Exited 4+ years

2,560,000

46

n/a

410

n/a

47

113

160

n/a

n/a

n/a

Rest of Australian resident population

- Rest of Australian resident population

11,949,000

28

n/a

1,961

n/a

77

88

164

n/a

9 http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/5204.02014-15?OpenDocument

Overall results

pensioners, but as would be expected those who are studying are quite likely to move out of that class in a few years (and either out of the system or into another class);

Contribution of payment categories to total lifetime cost

The total lifetime cost is dominated by the age pension, as illustrated by the charts below which shows how each payment category contributes.

Overall results

Note: Class 12, the rest of the Australian population, is much larger than other classes and has not been shown in full in the chart. The total lifetime cost for this class is $1,961 billion.

Note: Class 12, the rest of the Australian population, is much larger than other classes and has not been shown in full in the chart. The total lifetime cost (excluding age pension costs) for this class is $915 billion.

Overall results

The relative contributions of each class are impacted by the numbers of people in each class as well as the average cost for each.

8.4 Areas of sensitivity and uncertainty

Limitations of the valuation

The valuation explores the cost of future welfare payments over the remaining natural lifetimes of the model population on the basis that the currently legislated policy persists over that timeframe. Whilst this exercise is intended to provide useful information it is important to understand its limitations.

The payment system changes frequently. Hence the scenario contemplated in the valuation of current policy continuing will be unlikely to eventuate in practice. As time progresses further into the future, the potential for different policies to be put in place is greater and so differences between actual and projected payments are likely to be larger.

The valuation explores the use of the welfare system allowing for expected demographic changes and considering the broader economic environment. Other external factors may influence the demands on the system. These factors extend as far as changing patterns of life and work; changes in the composition of households; changes in mix of industries and work opportunities; impacts of trends in population health and healthcare driving changes in demand for supports and behavioural changes from individuals and in terms of the informal supports provided between members of different generations. The extremely long term nature of the projected payments within the model means that all these factors and others that we have not yet

Overall results

contemplated are likely to influence the use of the welfare system in future years and hence impact the liabilities. We have not considered such trends explicitly.

Uncertainty

than for current and recent welfare recipients. The further out into the future the costs are projected, the more uncertain they become for the range of reasons discussed above. We have illustrated the sensitivity to these and other assumptions in the section below.

Overall results

Sensitivity

The lifetime cost results are sensitive to the underlying assumptions. To illustrate these sensitivities we have tested a range of alternate assumptions and the results are presented below.

Mortality

AGA tables with adjustments for age pensioners

-$71 bn

-1.5%

Mortality

ABS life table (in place of AGA life table)

-$16 bn

-0.3%

Mortality

No mortality improvements

-$612 bn

-12.8%

Mortality

Removal of mortality adjustments for specific population groups

$145 bn

3.1%

Economic

Discount rate increases 1% to +7%

-$1,057 bn

-22.2%

Economic

Discount rate reduces 1% to +5%

$1,608 bn

33.8%

Economic

Long term CPI assumption increases by 1% (from 2.5% to 3.5%)

$111 bn

2.3%

Economic

Long term CPI assumption reduces by 1% (from 2.5% to 1.5%)

-$87 bn

-1.8%

Economic

Long term MTAWE assumption increases by 1% (from 4% to 5%)

$796 bn

16.7%

Economic

Long term MTAWE assumption reduces by 1% (from 4% to 3%)

-$548 bn

-11.5%

Aged pension

Adjustment to reflect an expected increase in future numbers of part pensioners is removed

$49 bn

1.0%

Aged pension

Long term MTAWE assumption reduces by 0.5% for age pension only (from 4% to 3.5%)

-$202 bn

-4.2%

Payment

All working age income support payments increase by 10% (e.g. $52 per fortnight for single Newstart recipients with no children)

$34 bn

0.7%

Payment

Age pension payments increase by 10% ($78 per fortnight for singles and $59 for couples)

$245 bn

5.1%

Entry and exit rates

Rates of movement from the rest of the population to the active classes increase by 5% for ages up to retirement age

$230 bn

4.8%

Entry and exit rates

Rates of movement from the rest of the population to the active classes increase by 5% for retirement age and above

$30 bn

0.6%

Entry and exit rates

Rates of movement from the active classes to the rest of the population increase by 5%

-$244 bn

-5.1%

Age pension sensitivities

In section 6.7 we noted that the age pension costs may vary in future as a result of the expected future trend of an increased number of part pensioners over time as people reach retirement with more superannuation assets.

For our draft report we constructed an alternative scenario based on an assumption that the expected shift in average payment levels if the mix of full and part pensioners changes (from the current mix of 60% full pension / 40% part pension to 40% full pension / 60% part pension over the next 30 years) would be broadly equivalent to the annual increase in age pension being reduced by 0.5% per annum.

We have retained this as an alternative scenario and it results in a greater proportion of part pensioners than the main scenario which we have adopted, especially looking many years into the future. Under this scenario the lifetime cost would be 4.2% lower.

Results for current welfare recipient classes

9 Results for current welfare recipient classes

In this section, for each welfare class, we present information regarding the profile of the people in that class and a breakdown of payments received during 2014/15. We then discuss the setting of foundation assumptions and key considerations when introducing risk based assumptions in the final valuation model. We then present results based on the application of the assumptions underlying the final valuation model.

In setting foundation assumptions for class movements, we have followed a principle of following long-term trends in three-year average movements, unless policy changes or persistent behavioural changes have taken place. This principle applies to all classes of payments. The foundation assumptions for both payment utilisation and payment amounts have been set separately for each payment category for people in each class. The assumptions are set by age and gender. For the utilisation assumptions for the income support payment categories (A to G), the assumptions are also set by considering the person’s previous class (1 to 6 or non-income support). This approach is consistent across classes. Similar to the class movement assumptions, our payment assumptions have been largely based on the average of experience over the last 2 to 3 years, unless policy changes have taken place or persistent behavioural changes are observed. The main exceptions were the FTB and other Family payment categories. As discussed earlier in Section 4.4, the 2014/15 payments in these payment categories are not yet complete, and therefore have been excluded when setting utilisation and payment assumptions. In addition, for some of the smaller class/payment category combinations, assumptions were often set using a longer term average (typically 5 years). This general approach was applied for all classes and payment categories.

We refined many of the class movement and payment assumptions through consideration of the risk factors that influence the experience. The details of the assumption forms adopted and factors included in each have been shown in Appendix C. For the payment models we focussed on modelling the payment levels for the primary income support payment category. This reflects the family composition of individuals more directly than the foundation models. For people in all classes we also examined the risk factors that influence the payment utilisation and/or annual payment size for some of the largest non-income support payment categories for selected classes. We tested the prediction success of each component of the final baseline model compared to the foundation version, and confirmed that this has improved materially overall as well as for each component. In many cases this improvement related to more accurately reflecting eligibility criteria, whereas in other cases it introduced

differentiation based on other factors.

An example is shown below for educational attainment as a predictor of exiting the system from the Working Age class. The graph on the left shows that the risk based model improves the extent to which individual people in the working age class are successfully predicted to exit, by adopting the risk based model. As factors like educational attainment have been included as a risk factor it improves the performance considerably when assessed across this dimension.

The graph on the right illustrates, for each class, how much more closely the fitted rates of exit match the actual experience for each of the educational attainment categories. The foundation model did not distinguish much between these categories, whereas by introducing educational attainment as a risk factor, the relativity between categories more closely resembles what is observed in the actual data.

Results for current welfare recipient classes

Foundation modelRisk modelActual experienceFoundation modelRisk modelLevel of educational attainment01234567UnknownJunior high schoolYear 11Senior high schoolCertificateDiplomaBachelor DegreePost graduate

Note that this example shows a material improvement – these graphs across different class movement combinations vary significantly from low to moderate improvements, through to significant ones. Note that this example is provided to give a simple illustration of the benefits of introducing risk factors into the model. Technical documentation of the statistical fits and diagnostics used in the risk based models is being separately prepared for the Department.

Another way of understanding the extent of “differentiation” that has been introduced during the risk based modelling phase is to look at the predicted differences in average lifetime cost for different groups within the model – the figure below shows the differential average lifetime costs predicted for people in the Working Age class, for people with different levels of educational attainment. The model predicts that people with a post-graduate qualification have a much lower average lifetime cost than people who left school before year 12. Note that within each of the educational attainment levels, there will remain significant variability in lifetime costs for different people.

Results for current welfare recipient classes

9.1 Studying Payment recipients

What does the data tell us about people receiving Studying payments?

There were 392,000 people in the Studying class for the 2014/15 year. This included a mix of both males and females albeit with more females at younger ages. The people in the class are mostly in the age range 15 to 30, although there are some people receiving these payments at most ages through to retirement age.

The people in this class represent 4.8% of the people who received a payment in the 2014/15 year.

Of these:

– However, around 10% of the people who entered directly had previously been in receipt of Commonwealth payments

– the most common pathway into this class is via the ‘working age’ class, from which 7% entered the class in the last 4 years

– 3% entered this class from other welfare classes in the last 4 years. The main other classes were class 3 ‘Parents’ and class 7 ‘Non IS Family’.

Looking at the movements into and out of this class we can see that people in this class show a high level of mobility; not only are 64% of the people in the class today new to the class in the last 4 years but a significant proportion of the people in this class 4 years ago are no longer in the payments system. Notwithstanding these dynamics, there are material proportions of people who transition to or from the studying classes from other income support classes, most notably the working age payment class and this group may warrant further consideration.

Results for current welfare recipient classes

Average amount per person $8,700

During 2014/15, people in this class received a total of $3.3 billion. This is 3.1% of the total payments made in 2014/15. The average payment is $8,500 with slightly higher average payments being made to females, as a result of them being more likely to also be claiming FTB and other family payments.

What have we taken into account in fitting assumptions?

Movements in and out of Studying have been fairly stable in recent years. On 1 July 2012, the maximum age for Youth Allowance for non-students and the minimum qualification age for Newstart allowance, both increased from 21 to 22 years [Social Security and Other Legislation Amendment (Income Support and Other Measures) Act 2012]. This appears to have had a small but visible behavioural effect. Following this Studying payment recipients appear somewhat more likely to move to Working Age benefits at ages up to 21 (note the Working Age class includes Youth Allowance (other) payments). Nevertheless, there had always been significant movement to Working Age and exits from Studying. For the studying class, many people utilise the ‘Other study and skills’ payment category alongside their primary income support payment and also the living allowance and general supplements that are accessed by most current welfare recipients. These payments are the main drivers of the cost; FTB also contributes for the small proportion that utilise it. For the main studying payment the average size increases slightly with age, possibly as a direct result of the higher payment levels for older people (e.g. Austudy rates are higher than Youth Allowance) and for people with children.

We refined both the class movement and payment assumptions through consideration of the risk factors that influence the experience.

Upon leaving the studying class most people tend to move to either working age payments (46%) or exit the system (48%). Those who leave quicker than average are more likely to transition onto working age payments, while those who stay in the studying class longer are more likely to exit the system.

The welfare class movement assumptions have been refined to include a number of characteristics, including information about people’s family composition, educational attainment and duration in the class. The education

Results for current welfare recipient classes

level, age of recipient and additional supplements received over the year contain the most significant information in explaining class movements. Those receiving other general allowances in addition to the main studying payments tend to be more likely to continue studying. When they do leave the class they are relatively less likely to exit and more likely to move to working age payments. Both males and females appear to have a lower probability of remaining in class at ages 25 and up. Upon leaving the class the relative risk of moving to working age payments increases with age while the likelihood of exiting the system is greatest around age 25. Unsurprisingly we can also see that parents are more likely to move into the parenting or family non IS classes rather than exit and people who partner during the year are more likely to exit or move into one of the non-income support classes. The studying payments model differentiates the size of payments made to different people in the class by considering factors including their age and gender, whether they died or changed class during the year and the person’s duration in the class and in the whole welfare system. Most of these factors are simply reflecting the person’s likelihood of receiving payments for the full year rather than part of it, and the most likely underlying payment rate applicable.

What does the model show for people in the Studying class?

392,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

We can see that the most substantial part of this cost is for the age pension. This component of the average lifetime cost is lower for younger people as their time of retirement is further away and because younger people are more likely to exit and may later draw a lower level of age pension.

The next most apparent feature is the difference between the average lifetime costs for men and women. Women have higher costs through most of the age range as they are more likely to receive FTB or other family payments.

For both men and women there are additional cost components for all the main income support payment types reflecting the probability of people moving from the current studying class onto these payments. There are some differences between the genders, in particular reflecting the differential chances of moving onto parenting payments versus working age payments.

The average lifetime costs are expected to be higher for the very youngest people in this class, typically those receiving Abstudy payments. This reflects the different mix of people at these ages, compared to the slightly older groups who include people receiving Abstudy, Austudy and Youth Allowance (student). Note that

Results for current welfare recipient classes

indigenous status was included in the risk factor model for the Studying class, reflecting the different usage of Abstudy payments.

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

9.2 Working Age Payment recipients

What does the data tell us about Working Age people?

There were 1,304,000 people in the Working Age class for the 2014/15 year. This included a mix of both males and females albeit with more males at younger ages. The numbers in the class peak for people in their twenties and then gradually reduce up to pension age.

The class has a greater proportion of males than females; we consider this is most likely to be because more females are receiving Parenting or Studying payments.

The people in this class represent 16.1% of the people who received a payment in the 2014/15 year. Of these:

– A significant proportion of these (40%) had previously been in receipt of Commonwealth payments.

– For women, the most common pathway into this class is via the Parenting class, from which 10% entered the class in the last 4 years. Smaller proportions entered from the Studying class or from the Non IS Family class.

– For men, 13% entered this class from other welfare classes in the last 4 years. The main previous class was class 1 – Studying.

Looking at the movements out of this class we can see that people in this class show some mobility, with a mixture of exits from the system and movements to a range of other classes.

Results for current welfare recipient classes

Total amount paid $6.5bn

Average amount per person $9,100

During 2014/15, people in this class received a total of $14.3 billion. This is 13.1% of the total payments made in 2014/15. The average payment is $10,900 with considerably higher average payments being made to women than men. As can be seen from the charts this is because of their greater propensity to receive FTB and family payments alongside the main working age payment. The working age class also contains a small group of dependants, being people receiving either Partner Allowance or Widow Allowance. The eligibility criteria for these payments are such that this group are all age 60 or above at the valuation date and almost all women. The contribution of the payments made to this group can be seen in the chart for females above.

What have we taken into account in fitting assumptions?

In setting the class movement assumptions we have observed a small but steady increase in the proportion of individuals remaining in this class year on year from 2012 onwards, especially for females. This may be a flow-on effect of policy changes that reduce the ease of transitioning to other classes, such as to the Parenting class, or to the DSP class. In terms of the payment utilisation assumptions, many people receive FTB and family payments and some receive other study and skills payments, all alongside their main income support and other living and pension supplements. The working age payment, FTB and other living payments make up most of the overall cost. For the main working age payment, the average annual payment increases slightly with age especially for women, which may simply be a reflection of older people being more likely to be in the class for the full year. There is also an increase in sizes from ages 60 to 65, likely due to the higher rates available for people aged 60 or over. We have also observed an overall increase in the main working age payment average size over the last 5 years. This is likely caused by longer durations on benefit, and may also be related to having more older people in the class owing to the increase in female retirement age and tightening of the DSP eligibility criteria. Our average payment assumptions have been based on the average of the experience over the last 3 years.

Results for current welfare recipient classes

We have refined both the class movement and payment assumptions through consideration of the risk factors that influence the experience. A person’s duration in the class is a significant predictor of remaining in the class and therefore of a higher average lifetime cost. Each year spent in the class reduces the probability of leaving this class in the following year. If a recipient does not leave within the first two years their average duration in class is predicted to be 7-8 years. It may be worth conducting additional investigations to better understand the factors that could predict the likelihood of leaving within the first two years, and to inform tailored interventions for high risk people during this period. For the assumptions for movements out of this class, we have considered combination of factors, both those relating to the recipient; age, gender, education level, partnering status, number of dependent children, and age of youngest child; and those relating to how the recipient interacts with the system; how long they’ve been in the class, detail of other payment types and supplements previously received. Factors which have the largest impact on a persons’ trajectory are: the number of dependent children a recipient has, the highest level of education attained, their previous payment class, their current utilisation of payments and the length of time spent receiving working age payments. Those who have attained a higher level of education in either a bachelor's degree or higher are relatively more likely to exit the system than those with a lower level of education attained. For the payment models we have focussed on modelling the payment levels for the main working age income support payment category. This model recognises information which impacts people’s payment levels and the number of weeks on payment during the year, including partner status and the duration in class.

What does the model show for the current Working Age group?

1,302,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

Results for current welfare recipient classes

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

9.3 Parenting Payment recipients

What does the data tell us about Parenting payment recipients?

There were 433,000 people in the parenting class for the 2014/15 year. The people in this class are predominantly women and in the age range 15 to 50.

The people in this class represent 5.3% of the people who received a payment in the 2014/15 year.

Of these:

– A significant proportion of these (19% of males and 6% of females) had previously been in receipt of Commonwealth payments.

– For women, the most common pathways into this class differ by age. Women up to age 25 commonly enter this class via the ‘working age’ class (11% in the last 4 years). Women aged 25 to 40 commonly enter via class 7 ‘Non IS Family’ (10% in the last 4 years).

– For men, the most common pathway into this class is via the ‘working age’ class, from which 28% entered the class in the last 4 years. In contrast to females, only 5% of males entered this class via class 7 ‘Non IS Family’ in the last 4 years.

– 7% of both males and females entered this class from other welfare classes in the last 4 years. The main other classes were class 1 ‘Studying’ and Class 9 ‘Non IS Other’.

Looking at the movements into and out of this class we can see that people in this class show considerable mobility. However note that many people exit to other active classes upon ceasing to meet the eligibility criteria for parenting payment, which is linked to the age of the person’s youngest qualifying child. The most common destinations are the Working Age and Non-IS family classes.

Results for current welfare recipient classes

Total amount paid $0.6bn

Average amount per person $19,100

Total amount paid $12.0bn

Average amount per person $29,900

During 2014/15, people in this class received a total of $12.6 billion. This is 11.6% of the total payments made in 2014/15. Based on the 2014/15 experience, people in this class receive some of the highest average annual payments. It is worth noting that the average amount per person for 2014/15 is likely to be understated. It will not fully reflect all FTB and family payments as these can be received as part of an income tax assessment post 30 June. The 2013/14 overall average (which as at 30 June 2015 would reflect all FTB and family payments) is about $2,500 or 9% higher than the average for 2014/15. This is a smaller difference than seen for people in the Non IS family class as these payment types form a smaller proportion of the annual payments received and because more people in the class will receive some FTB payments throughout the year alongside their income support payment. The average payment is significantly higher for women than men as a result of them being more likely to receive FTB and family (child care) payments in addition to the main payment. The rate of the parenting payment itself is higher on average for women, probably because a higher proportion of women are receiving the single rather than the partnered rate.

What have we taken into account in fitting assumptions?

Parenting payments eligibility has been significantly influenced in recent years by the removal of grandfathering provisions regarding the age of youngest child. This is illustrated in the charts below which show the rates of men and women staying in the parenting class. The male rates are more volatile than the female ones owing to the much smaller numbers of men in this class. In both cases there is considerable variability between the past years of experience and in particular the persistency rates are low for the 2012 year which is likely to relate to the removal of the grandfathering provisions.

Results for current welfare recipient classes

In selecting class movement assumptions for Parenting, we have taken into account the flow-on effect of this in moving to Non-IS Family and Working Age payments. We consider that the latest 2014 movements for moving to Parenting, Non-IS Family and Working Age are most reflective of the future, after policy changes settled down in 2013. Movements to other smaller classes such as Studying and Carers do not seem to have been affected by policy changes, and we have relied on 3-year average historical rates. For the payment utilisation assumptions, the majority of people receive both FTB and family payments and some others receive the new parents’ payments, all alongside their main income support and other living and pension supplements. The FTB and family payments make up around half of the overall cost, with the main parenting payment representing around 35% to 40% of the overall cost. For the main parenting payment the average size reduces slightly with age. This may simply be a reflection of older people being more likely to be partnered.

We refined both the class movement and payment assumptions through consideration of the risk factors that influence the experience. For the assumptions for movements out of this class, we observed that most people stay in the class from year to year and then leave when their youngest child is between five and eight. This reflects the parenting payment eligibility conditions and also changes in behaviour once the children reach school age. Those leaving are most likely to move to the Working Age class or the Non IS Family class, although the detail of this is strongly age dependent. Forming an exception to this pattern were those who also received a carer’s supplement. These people were significantly more likely to move to one of the carer’s classes and less likely to leave the welfare system altogether. The model uses a combination of terms relating to the age, gender and indigeneity of the recipient, how long they've been in the class, their partnership status, education level, the age of their youngest child, and detail of other payment types and supplements previously received. The most significant terms are those covering the age of youngest child (specifically for ages between five and eight inclusive), whether the recipient received a non-income support carer or a family tax benefit payment previously, and their partnership status in the following year. For the payment models we focussed on modelling the payment levels for the primary income support payment category and included information on partner status.

What does the model show for current Parenting payment recipients?

432,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

Results for current welfare recipient classes

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

Results for current welfare recipient classes

9.4 Carers (Income Support)

This class includes people receiving the Carer Payment in 2014/15. People receiving Carer Allowance, an income supplement, are in the Non income support carers class, Class 9.

What does the data tell us about Carers?

There were 266,000 people in the Carers class for the 2014/15 year. This included significantly more women than men. The numbers in the class increase by age up to pension age and then reduce as most retire; however there are material numbers of people in the Carers class who are over pension age.

The people in this class represent 3.3% of the people who received a payment in the 2014/15 year.

Of these:

– For men, the most common pathway into this class is via the Working age class, from which 18% entered the class in the last 4 years. Small proportions also entered from all the other active classes

– For women, the most common pathway into this class is via the Parenting class, from which 13% entered the class in the last 4 years. Others entered from the Working age class and small proportions also entered from all the other active classes

Looking at the movements into and out of this class we can see that people in this class show limited mobility. Whilst the numbers entering the class each year are relatively small, the main exits from the class are through retirement or movement to the working age class; only a small proportion of people from the class directly exit the welfare system.

Results for current welfare recipient classes

Total amount paid $1.8bn

Average amount per person $22,200

Total amount paid $5.0bn

Average amount per person $27,200

During 2014/15, people in this class received a total of $6.8 billion. This is 6.3% of the total payments made in 2014/15. Based on the 2014/15 experience, people in this class receive some of the highest annual payments, being $25,600 on average. Higher average payments are being made to women, as a result of them being more likely to also be claiming FTB and other family payments.

What have we taken into account in fitting assumptions?

In developing the class movement assumptions for people in this class we observed that Carer is a very ‘sticky’ class, with more than 80% of recipients remaining in the class in any year. This is more so in recent years, after the introduction of allowances to supplement Carer income. There also appears to be an increase in transitions into this class, with a stable flow of people from all ages moving to Carer, including from the Age Pension, which may be due to the fact that the total available payments are higher for people in this class. For the payment utilisation assumptions almost everyone in this class receives carers allowance or supplement as well as their carer payment and many of the people of parenting age also receive FTB and family payments, especially the women. Most also receive other living and general supplements. Around 55% of the overall cost is from the main carer payment and the amount of this is fairly consistent across people of all different ages. Conversely the utilisation of the FTB and family payments varies considerably by age with a clear concentration in the typical parenting age range. The main carer payment sizes are relatively stable by age. We have also observed an overall increase in the main carer payment average size over the last 5 years. This is likely caused by longer durations on benefit, leading to a greater proportion of full year payments. Our average payment assumptions have been based on the average of the experience over the last 2 years.

We refined both the class movement and payment assumptions through consideration of the risk factors that influence the experience. In developing the class movement assumptions, while the data analysed did not make it clear who was being cared for, it is evident from the data itself that there are several distinct subgroups, corresponding to those caring for a child, those caring for a parent and those caring for a partner. This leads to quite different factors

Results for current welfare recipient classes

emerging as important for different age groups, with the major difference being between those of or close to pension age and those who are younger.

Younger recipients are more likely to leave this class if they are single or if they had received a bereavement or crisis payment. If they had previously received Working Age payments then they were more likely to return to the Working Age class. The most significant variables for this model were whether the recipient had received a bereavement or crisis payment recently, their partnership status, and whether the recipient received an income support Working Age payment previously.

People persist in this class up to and frequently beyond retirement age. For people close to or above retirement age, the model incorporates factors to reflect the probability of moving to age pension, or of ceasing to care for a partner (again, the recent receipt of a bereavement payment was used as a proxy in this regard).

The model of payment levels for the main carer payment is a relatively simple model which includes details of the person’s partner status and duration in class. These factors are correlated to their payment level and likelihood of receiving a full year rather than part year of payments.

What does the model show for Carers?

265,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

For both genders these average lifetime costs include significant amounts of the carer payment and age pension and contributions from a range of supplementary payment categories.

The costs are noticeably higher for women than men and especially so for those at young to mid ages. This arises from higher additional costs of FTB and family payments and from more women transitioning to parenting payments.

The average lifetime cost pyramid shows a small discontinuity at age 65 but then continues through the full age range reflecting the composition of people in the class. The discontinuity arises as many people move to the pension class once they are over this age. For the small proportion of people who continue in this class once they are above their pension age, the average lifetime cost is mainly comprised of a mix of Carer payment and age pension.

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

Results for current welfare recipient classes

9.5 Disability Support Pensioners

What does the data tell us about Disability Support Pensioners?

There were 827,000 people in the disability support class for the 2014/15 year. After the age pension and working age classes it is the largest income support class. This included a mix of both males and females albeit with more males at younger ages. The numbers in the class increase by age up to pension age and then reduce as most retire; some people persist beyond retirement age.

The people in this class represent 10.2% of the people who received a payment in the 2014/15 year.

Of these:

– For men, the most common pathway into this class is via the ‘working age’ class, from which 8% entered the DSP class in the last 4 years. Only 2% entered this class from the remaining active classes.

– For women, 13% entered this class from other welfare classes in the last 4 years. The main class was ‘working age’ (6%), with another 6% entering the class from class 1 ‘Studying’, class 3 ‘Parents’, class 4 ‘Carer’ and class 7 ‘Non IS Family’.

We conducted some additional analysis to compare the group entering this class from outside the system, with those entering from other income support classes, and how this was changing over time. This analysis showed that in the last 2 years, the number of new entrants to the class has fallen from the previous level of approximately 50,000 per year (in 2012) to 34,000 in 2015, in response to the tightening of eligibility criteria. There has been a larger drop in those emerging from working age and parenting payments than from outside the system, and the drop includes a downwards trend in the number of primary medical conditions which are listed as having psychological or muscular medical conditions. Although numbers are small, there has also been an increase in the number of new recipients with cancer-related conditions.

Looking at the movements into and out of this class we can see that people in this class show very limited mobility into and out of the class. The numbers entering the class each year are much smaller than for many of the other classes, and the main exits from the class are only through retirement or death.

Results for current welfare recipient classes

Average amount per person $20,400

Total amount paid $9.0bn

Total amount paid $8.6bn

Average amount per person $22,200

During 2014/15, people in this class received a total of $17.6 billion. This is 16.2% of the total payments made in 2014/15. The average payment is $21,300 with slightly higher average payments being made to females, as a result of them being more likely to also be claiming FTB.

What have we taken into account in fitting assumptions?

In fitting the foundation assumptions we noted that the movements into this class have been reducing year by year. This is the case for movements from all other classes, including entries from previous welfare recipients and the rest of the Australian population. An example of this is the movement from working age payments into the disability support pension, as illustrated in the chart below.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

Figure 49 consists of two line charts.

The chart on the left shows the rate that males at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates decreasing with age from approximately 1% to 1.5% at age 16 to 0.5% to 1% at age 18, and then increasing with age up to a peak at approximately age 60. The peak rate has decreased each financial year from 10% in 2010 to 4% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years. The chart on the right shows the rate that females at each age have transitioned from the working age class in a starting year to the disability support class in the next year. The vertical axis shows this rate and ranges from 0% to 10%. The horizontal axis shows age ranging from 16 to 80. The historically observed rates at each age are shown with a separate line for each starting year of: 2010, 2011, 2012, 2013, and 2014. Also included in the chart is a line for the rate selected as the model assumption.

Each year displays a similar trend with rates increasing with age from 0.5% to 1% at age 16 up to a peak at approximately age 55. The peak rate has decreased each financial year from 8% in 2010 to 2.5% in 2014. The selected assumption line sits between the lines for the 2013 and 2014 starting years.

The key features of these charts are discussed in the accompanying text within the report.

We have discussed this with the Department and understand this experience is likely to be a reflection of a series of policy changes that have been made over recent years, all tightening the eligibility criteria for the Disability Support Pension – as discussed earlier.

Results for current welfare recipient classes

For existing DSP recipients, experience has been stable with a very high proportion of people remaining on benefits for long periods of time. The persistency in class has grown slightly in recent years.

For the payment utilisation assumptions around 5% to 10% of people receive FTB and Family payments, and around 10% receive Other Health & Disability payments. Almost everyone receives other living and general supplements.

The majority of the cost (around 80%) is from the main disability support payment. The remainder of the cost is mainly in the FTB, other living and general supplement payment categories.

The main Disability Support Pension payment sizes have a slight downward shape by age; this may be a reflection of older people being more likely to be partnered which has a lower rate. Also lower rates are paid to people under 21. We have also observed an overall increase in the main disability support payment average size over the last 5 years. This is likely caused by longer durations on benefit.

In recognition of the variations in past experience, the selected class movement and average payment assumptions have been based on the average of the experience over the last 2 years.

As the main movement out of this class is at retirement and this is already fully allowed for in the foundation assumptions our primary focus for refining the model was developing risk based assumptions for the main disability support pension payment. We have not developed risk based class movement assumptions out of this class at this stage, though note that the probability of entering the class is based on risk based assumptions contained in other class models.

The model of payment levels for the main disability support pension is a relatively simple model which includes details of the person's age, partner status and durations in the class and income support system. These factors are correlated to the persons’ payment level and likelihood of receiving a full year rather than part year of payments respectively.

What does the model show for current Disability Support Pensioners?

813,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

We can see that the most substantial part of this average lifetime cost is for the disability support pension itself, with the age pension also being a key component of the average lifetime cost for people below pension age. At all ages a number of supplements that are paid alongside the pension also contribute to the cost.

Results for current welfare recipient classes

The average lifetime cost is higher for younger people with a steady reduction as people age. This is a reflection of the extremely high persistency in the payment system for people in this class – as people are not expected to exit the system the main determinant of the lifetime cost is then the expected duration of the person’s future lifetime.

The average lifetime cost pyramid shows a change at age 65 as most people would leave this class and instead be in the pension class once they are over this age. For the small proportion of people who continue in this class once they are above their pension age, the lifetime cost is comprised primarily of the disability support pension. This simply reflects the reduced likelihood of them transitioning to the age pension at some later stage.

In developing the valuation results, the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

9.6 Age Pensioners

What does the data tell us about Age Pensioners?

There were 2,588,000 people in the age pension class for the 2014/15 year; it is the biggest income support class by a considerable margin. The people in this class represent 31.9% of current welfare recipients.

The class includes a mix of both men and women albeit with slightly more women. This is most likely a result of greater female longevity. The vast majority of people in the class are past pension age, however a small number of younger people have been included through their receipt of either wife pension or widow B pension.

Of these:

– 13% of women and 20% of men were in the non-active classes

– Those arriving from elsewhere in the welfare system were mostly from the DSP (4%) or working age (3%) classes (these being the main pre-retirement classes available to older working age people)

Looking at the movements out of this class we can see that most people (93%) in this class remain in it from one year to the next. A small number of people leave the class (presumably as a result of changes in their personal circumstances), otherwise people exit at the end of their lives.

Results for current welfare recipient classes

Total amount paid $18.2bn

Average amount per person $15,600

Total amount paid $24.7bn

Average amount per person $17,400

s

During 2014/15, people in this class received a total of $42.9 billion. This is 39.4% of the total payments made in 2014/15. The average payment is $16,600. The average payments are slightly higher for women than men, possibly as a result of more of them receiving the single rate.

What have we taken into account in fitting assumptions?

People from all welfare classes generally move into the age pension class on reaching age pension qualifying age (‘pension age’). Once in the Age Pension, people generally stay there until death. There are small numberof movements to the Carer class and also a small number of exits. For the payment utilisation assumptions, around 5% of people receive the carer allowance and/or supplement. Almost everyone receives other living and general supplements. The majority of the cost (over 85%) is from the main age pension payment. The general supplement and other living payment categories are the largest components of the remaining cost. The main Age Pension payment sizes show an upward sloping shape by age. This may be related to there being more single people at older ages (and thus receiving higher rates of payment) and also people’s income and assets may reduce as they get older, which increases the pension payment.

The main movement out of this class is through mortality and this is already fully allowed for in the foundation assumptions. Thus our focus for refining the models for this class was in developing risk based assumptions for the main age pension payment and in understanding the trends in the mix of pensions that will occur in future years. We refined the foundation age and gender based payments assumptions by also considering factors such as the persons' partner status, the age at which they entered the pension class and whether they entered from another income support class. We have observed that around two thirds of people entering the age pension class from another income support class are full pensioners at the start of their retirement as compared to less than a quarter of people entering the class from a non-income support class or from the previous welfare recipient or the rest of the Australian population groups.

Results for current welfare recipient classes

We also explored how peoples' payment levels change as they progress through their retirement years. We investigated this by examining the changes in the level of age pension payments to people as a proportion of the full single pension, as shown in the left hand chart in the figure below. This clearly shows an increasing trend, however as shown in the right hand chart, some of this may be explained by other factors such as the persons previous class (which is a proxy for being a full or part pensioner) and the change in mix of single vs. partnered pensioners. Nonetheless, when examined individually, the trend for all subgroups was for the proportion of full pensioners and average rate of payment to increase the further they progress into their retirement.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

Figure 54 consists of two line charts showing the historical trend seen in the average age pension payments as a proportion of the full single age pension. The trend is looked at by years since entry into the age pension class.

The chart on the left includes shows this proportion for all pensioners. The vertical axis shows the average age pension payments as a proportion of the full single payment and ranges from 55% to 80%. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 14.

The chart on the left shows an increasing level of age pension payments as a proportion of the full single payment as the number of years since entry increases from around 64% in the first year1 to around 74% in year 14.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The chart on the right shows this proportion for single pensioners only and has two lines; one for people who have entered the age pension class from an active class and one for people who have entered from the rest of the population. The horizontal axis shows the years since entry into age pension (from first full year of payment) and ranges from 1 to 7. The vertical axis shows the level of age pension payments as a proportion of the full single payment and ranges from 60% to 100%.

For people who have entered the age pension class from an active class there is a slightly increasing trend with years since entry to the age pension; increasing from 90% in the first full year of payment to 94% in the seventh year.

Those people who have entered the age pension class from the rest of the population have a significantly lower level of age pension payments as a proportion of the full single payment at all years since entry to the age pension. For these people there is a significant increasing trend with years since entry to the age pension; increasing from 68% in the first full year of payment to 79% in the seventh year.

The risk based assumptions allow for this by explicitly modelling how people move between full-single, full-couple and part rates of annual payment. A key driver of the change from full-couple to full-single rate is partner longevity. Although we have not been able to model these cost drivers at this stage, the gradual shift to higher rates of payment may also be influenced by movements in asset values and changes in pensioner behaviour.

What does the model show for current Age Pensioners?

2,495,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015). Note also that the 93,000 deaths during the 2014/15 year is broadly in line with expected population mortality. We estimate the lifetime cost for this class to be (or of the total lifetime cost).

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Figure 55 is a horizontal bar chart showing average lifetime cost by age for males and females separately. The vertical axis shows age with the data shown ranging from 45 to 105. The horizontal axis shows the average lifetime cost with the data shown ranging from $0 to $500,000. The average lifetime costs for males at each age are shown by the horizontal bars to the left of the vertical axis and the average lifetime costs for females at each age are shown by horizontal bars to the right.

The bars for each given age and gender are spilt into the average lifetime costs associated with the following welfare payment categories: IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

The chart includes the 2,495,000 individuals who were in the age pensioner class at 30 June 2015.

Females aged 45 to 65 (recipients of the wife pension or the widow B pension) have an average lifetime cost starting at close to $500,000 at age 45 decreasing with age to approximately $300,000 at age 65. Average lifetime costs below age 65 are only shown for females.

For people aged 65 and over, the average lifetime cost by age is very similar across males and females, although females have an average lifetime cost that is consistently higher than males of the same age, by approximately $20,000 to $30,000. Males aged 65 have an average lifetime cost of approximately $280,000 as compared to females aged 65 who have an average lifetime cost of approximately $300,000. These average lifetime costs reduce steadily by age to $50,000 for males aged 100, and $50,000 for females aged 105.

The features shown in the chart are discussed further in the accompanying text within the report.

Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other. Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.Payment categories; IS studying, IS working age, IS parents, IS carers, IS disability, IS aged, IS dependent, Other – FTB, Other –family, Other – new parents, Other – living, Other – health and disability, Other – carer, Other – study and skills, Other – remote and regional, Other – general allowances, All other.

Results for current welfare recipient classes

This is simply a function of the expected future lifetimes for people who have currently reached the ages shown. As can be seen, almost all of the cost is from the age pension; the remainder is the cost of the pension supplements and living allowance payment types (e.g. energy supplement) that are paid alongside the pension.

There are very small numbers of people in this class below retirement age (approx. 15,000 people or around 0.5% of the class). Typically these are people receiving either wife pension or widow B pension. The existence of this group extends the pyramid to younger ages and the average lifetime costs are larger again as a result of the combined effect of the longer future lifetime and the expectation of this group being highly likely to remain in the class for the remainder of their lifetimes.

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

We can see that a very small proportion of this class exit and, as is intended for age pensioners, the rest stay on the payment for their remainder of their natural lives.

Results for current welfare recipient classes

9.7 Non income support – Family

People are in this class if they have not received any income support payment in the financial year but have received a FTB, family or new parent payment. The precise definition of this class includes a one year timing lag as explained in section 4.4. This means that people typically enter the class via class 9 and spend a year in that class before moving to class 7 for the remainder of the period during which they are receiving any of the family payment categories.

What does the data tell us about the Non IS Family class?

There were 1,548,000 people in this class for the 2014/15 year. This included some males and a much greater number of females. The numbers are concentrated in the age range 20 to 60.

The people in this class represent 19.1% of people in receipt of Commonwealth welfare payments.

Of these:

Looking at the movements into and out of this class we can see that people in this class are relatively mobile, with people typically entering for a number of years and then exiting. Most entries and exits are to or from outside the payment system. These movements in and out of the class are driven by changes in family composition, with people entering the class as they have children or take on care of children and then exiting as those children grow up and leave the household.

Results for current welfare recipient classes

Average amount per person $4,500

Total amount paid $1.4bn

Total amount paid $7.2bn

Average amount per person $5,700

Average amount per person $6,900

Total amount paid $1.9bn

Average amount per person $8,400

Total amount paid $10.9bn

During 2014/15, people in this class received a total of $8.5 billion. This is 7.8% of the total payments made in 2014/15. The average payment is $5,500 with slightly higher average payments being made to females, as a result of them being more likely to also be claiming New Parents allowance. It is worth noting that the average payment for 2014/15 is understated; it will not fully reflect all FTB and family payments as these can be received as part of an income tax assessment post 30 June. The 2013/14 overall average (which as at 30 June 2015 would reflect all FTB and family payments) is $8,100, about 50% higher than the overall average for 2014/15. The greater increase reflects that the two payment categories that are most impacted by data maturity issues form the majority of payments made to people in this class. Even allowing for the delay in recognising FTB and family payments, the average amount per person is much lower than that for people in the income support classes.

Results for current welfare recipient classes

What have we taken into account in fitting assumptions?

In undertaking the analysis to develop the class movement assumptions we noted that there have been many policy changes over recent years, with eligibility criteria tightened for both FTB A and FTB B. Offsetting these, FTB A payments increased for young dependants undertaking full time study, making it more financially beneficial than Youth Allowance. Altogether, these made entries into and exits out of Non-IS Family quite volatile in the past. For class movement assumptions, we have therefore given more credibility to experience in the most recent year. For the payment utilisation assumptions, most people receive FTB, family and other living payments. Around 7% of people also receive new parent payments. Very few people receive the remaining payment categories. FTB (60%) and family payments (30%) comprise the majority of the cost. The average sizes generally decrease from age 40 onwards, likely related to children reaching the maximum eligible age for FTB. The overall average sizes of FTB have increased slightly over time, likely related to more families accessing FTB A rather than Youth Allowance, as mentioned above.

For the assumptions for movements out of this class, we have retained the foundation model as most people stay in the class for a number of years before exiting out of the system. A small proportion move to other classes, with the parenting and working age classes being the most common destinations. For this class the most relevant payment model is the utilisation assumption model developed for FTB payments. This applies across a number of welfare classes and draws on information about whether people have children of different ages and their partner status, class and past utilisation of FTB. Together these factors reflect information on the household’s eligibility for FTB and whether the individual is likely to be the person claiming on behalf of the household.

What does the model show for people currently in the Non IS family class?

1,547,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

The most substantial part of this average lifetime cost for both genders is for the age pension.

Results for current welfare recipient classes

In developing the valuation results, the projection model produces information on the expected transitions for people out of each class, as shown below.

We can see that:

Results for current welfare recipient classes

9.8 Non income support – Carers

As noted above, this class includes those people receiving Carer Allowance or Carer Supplement, who do not also receive any Carers Payment. People receiving the Carers Payment are in class 4 and have been discussed in section 9.4.

What does the data tell us about Non IS Carers?

There were 200,000 people in the class for the 2014/15 year; it is the smallest of all the classes. This included many more women than men. The numbers in the class increase up to around age 45 and then reduce; however material numbers of people stay in the class until post retirement age.

The people in this class represent 2.5% of current welfare recipients.

Of these:

– For women the most common pathway into this class is via the ‘Non IS Family’ class, from which 15% entered the class in the last 4 years

– For men only a small proportion (15%) entered from other classes over the same timeframe. The main previous classes were class 2 ‘Working Age’, class 7 ‘Non IS Family’ and class 4 ‘Carer’.

Looking at the movements out of this class over recent years we can see that women in this class have shown quite limited mobility, although many more of the men have exited over the same time period. As people are typically caring for a partner, child or other adult (e.g. disabled person or parent) this may reflect a different mix of people being cared for.

The typical next destination for people is the Carer or Non IS Family classes or to exit the payment system.

Results for current welfare recipient classes

Average amount per person $4,600

Total amount paid $0.2bn

Total amount paid $1.2bn

Average amount per person $7,300

During 2014/15, people in this class received a total of $1.4 billion. This is 1.3% of the total payments made in 2014/15. The average payment is $6,800. The average amount for this class is much lower than for the income support classes. The average payments being made to women are higher than for men; this is a result of them being more likely to also be claiming FTB and family payments. It is worth noting that the average payment for 2014/15 is understated. It does not fully reflect all the FTB and family payments as these can be received as part of an income tax assessment post 30 June. The 2013/14 overall average (which as at 30 June 2015 would reflect all FTB and family payments) is $8,000, about 17% higher than the average as known at 30 June 2015 for 2014/15.

What have we taken into account in fitting assumptions?

Similar to Income Support Carer, Non-IS Carer is a very stable and persistent class. Class movement assumptions therefore reflect long term trends. For the payment utilisation assumptions, everyone receives the carer allowance and/or supplement. Around 30% of people receive the FTB, Family and other living payments. The carer allowance and supplement comprise around half the cost, with FTB (35% of cost) and family payments (13% of cost) comprising the majority of the remainder. The utilisation rates for FTB and family payments by age reflect the typical ages during which people have children. The average sizes by age generally increase through to age 40, then decrease for older ages. The shape of the average sizes by age may be related to the number of people typically being cared for at different ages, which impacts payment rates.

We refined the class movement assumptions through consideration of the risk factors that influence the experience. This is a stable class where most recipients stay in the class, but the experience is differentiated between that for those people who are at least a year below retirement age and those at or above retirement age. For the younger group transitions are likely to be out of the system, but for those who remain the most common movements are into the Carer class or the Non-IS Family class. Transitions to the Carer class are likely a

Results for current welfare recipient classes

reflection of the person being cared for becoming reliant on constant care and hence the recipient meeting eligibility criteria for the income support. For older recipients they are less likely to transition into the Carer class and more likely to leave the system than the younger group. The most significant variables in the model are those relating to the partnership status of the recipient; whether people have been in the class over the longer term and have received family or living supplements previously is also a significant determinant of their likelihood of staying in the class and, if leaving, their next class.

What does the model show for current Non IS Carers?

199,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

The costs differ between genders with around $178,000 for men and $220,000 for women. We can see that a major part of the difference is for younger women and arises from their increased propensity to receive FTB and family payments.

The general shape of this pyramid is similar to that for the previous class (non IS family) with significant reductions in average lifetime costs once people pass pension age, reflecting that these people are not currently in receipt of age pension.

At the younger ages there are a myriad of contributions to the assessed average lifetime cost from working age, disability support, carer and parenting income support payments. This may indicate that some people in this class are quite close to becoming income support recipients and have material likelihoods of transitioning to these classes in future.

Results for current welfare recipient classes

In developing the valuation results the projection model produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

9.9 Non income support - Other

What does the data tell us about this class?

The people in this class represent 7.0% of people in receipt of Commonwealth welfare payments.

Of these:

Looking at the movements out of this class we can see that many people in this class tend to move onto other classes quickly. The younger group tend to exit the system or move onto Studying or Working age payments; the parenting group tend to move into the Non IS family class; and the older group typically stay, move into the age pension group or exit.

Results for current welfare recipient classes

Average amount per person $1,100

Total amount paid $0.3bn

Total amount paid $1.2bn

Average amount per person $3,700

During 2014/15, people in this class received a total of $1.4 billion. This is 1.3% of the total payments made in 2014/15. The average payment is $2,500 with slightly higher average payments being made to females, as a result of there being greater numbers at parenting ages receiving FTB payments. Note this is a much lower average payment than for the income support classes and is the lowest of all classes. As for classes 3 ‘Parents’, 7 ‘Non IS Family’ and 8 ‘Non IS Carer’, it is worth noting that the average payment for 2014/15 is somewhat understated. It will not fully reflect all FTB and family payments as these can be received as part of an income tax assessment post 30 June. A review of previous years’ average annual payments suggests the real average may be in the range $4,000-$5,000, however this depends on the relative proportions of each of the three identified sub-groups within the class and this has varied from year to year. The variation in average payment size by age and gender within this class is illustrated in the chart below. We can see that the highest annual payments are going to the female parenting age group who are receiving FTB and other payments, whereas the people over 65 are receiving very small payments (of only around $100 for the Energy Supplement in most cases).

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Figure 67 is a line chart. This chart shows the average 2014/15 payments made to people in Non-IS Other class at each age and for gender. The vertical axis cost per person by ranges from 0 10,000. horizontal 110. consists of two lines: male female.

majority costs are between ages 5 65. females generally increases with early ages, approximately 3,500 10 $9,500 30. At 18 spikes 8,000. After 30 decreases age.

males very similar those until 20 where drops 1,000. 20, 3,000 47. this female equal, both decreasing 1,000 64.

Results for current welfare recipient classes

What have we taken into account in fitting assumptions?

Given the diverse demographic mix of people in this class, the factors influencing their movements are wide-ranging. Firstly, with changes to FTB A and FTB B, movements into Non-IS Other varies slightly from year to year as an interim class for FTB recipients. Secondly, the introduction of various allowances, including the Energy Supplement, has made the demographic mix in this class different from year to year. We have taken all of these into account when projecting future class movements. As a principle, we have assumed that the majority of young to middle-aged recipients will continue to move into FTB Non-IS Family after one year. We have also assumed that existing old-age recipients of Energy Supplement will most likely stay, with regular but slow movement into the Age Pension. For the payment utilisation assumptions, around 70% of people currently receive the living allowances, and in particular the energy supplement. A number of people also receive FTB, Other Family and New parent payments; these people will mostly move to class 7 in the next year. There is greater variability in the utilisation assumptions in this class compared to other classes, due to the diverse demographics of people and the various policy changes such as the Energy Supplement. Assumptions have been selected after considering these various changes. New parent payments comprise over half the cost, with FTB the second largest payment category (around 25% of cost). Other family, living allowances and remote and regional payments are the largest of the remaining payment categories. The new parent utilisation by age reflects the typical ages when families have children. The high new parent utilisation for this class arises from the class definitions whereby people who first receive welfare payments on having a newborn child enter the system via this class.

We refined the class movement assumptions through consideration of the risk factors that influence the experience. For the assumptions for movements out of this class, we considered the drivers of experience for each of the three groups identified above. These groups may be identified through their ages and also by reference to the payment categories for which they have recently received payments. In practice many of these movements are governed by the model structure with people who receive an FTB, family or parental payment in one year moving into class 7 in the next year, unless they also receive an income support payment in that year. The lagged definition of class 7 means that people only enter this class in their second year of receiving any of these family payment types, so new parents enter via class 9. This was seen in the analysis through the significance of age and the indicators of utilisation of these payment types. For the group in age band 20-65 almost everyone enters the class for a single year before moving onto class 7 (Non IS Family). For the very youngest and oldest people in the class the person’s age, education status and utilisation of studying supplements were significant in determining whether they would stay in the class, exit or move to the studying class. For the payment models we retained the foundation assumptions.

What does the model show for current people in the Non IS other class?

561,000 of the people who were in the class during the 2014/15 year were included in the model population (having survived from the time of receipt of payment to 30 June 2015).

Results for current welfare recipient classes

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for current welfare recipient classes

These results are reflective of the distinctive sub groups within this class each of whom would be expected to have very different future life trajectories. We have illustrated this below by showing the trajectories for people within the different age bands.

Analysis of exits and entrants

10 Analysis of exits and entrants

10.1 Exits from the system

This section examines the exits from the system as a whole. The figure below presents the information on the exits observed over the last year; to help focus on the areas of greater interest we have removed the deaths from the charts as these would otherwise dominate the numbers.

We can see that the main classes from which people exit the system are Studying, Working Age and Non-IS Family (noting that most people who are on parenting payment will often transition to family tax benefit only (i.e. the family non IS class), before exiting the system). These two graphs further illustrate the earlier observations that few people exit disability support pension, age pension or carer categories directly, other than by death. These groups of exited people have been considered separately from those in the remainder of the population when considering which people are likely to enter in future years.

Analysis of exits and entrants

10.2 Past new entrant experience

The total number of recent new entrants and re-entrants has been volatile, with between 720,000 and 980,000 each year. A breakdown of these new entrants by class is shown below.

0200,000400,000600,000800,0001,000,00020112012201320142015Class key:1 Studying2 Working Age3 Parents4 Carers5 Disability Support6 Pension Age7 Non IS Family8 Non IS Carer9 Non IS Other10 Previous Welfare Recipient11 Dead12 Rest of Aust. Population

Analysis of exits and entrants

The charts below show the profile of entrants and re-entrants in 2014/15.

Analysis of exits and entrants

We have also presented the numbers split between re-entrants, for people who exited the welfare system before and after 3 years ago, and new entrants from the rest of the population.

0100,000200,000300,000400,000500,000600,000700,000800,000900,0001,000,000201320142015Class key:1 Studying2 Working Age3 Parents4 Carers5 Disability Support6 Pension Age7 Non IS Family8 Non IS Carer9 Non IS Other10 Previous Welfare Recipient11 Dead12 Rest of Aust. Population

0100,000200,000300,000400,000500,0002013201420150100,000200,000300,000400,000500,0002013201420150100,000200,000300,000400,000500,000201320142015

Analysis of exits and entrants

10.3 Expected new entrants

As would be expected there are clear age related trends for entries that depend on the typical pathways and life circumstances at the different age ranges. These features together with commentary can be seen in Figure 71 and have been allowed for in the entry rate assumptions.

The probability of the re-entry of a past welfare recipient is generally higher than the probability of entry from someone in the rest of the population. As a result of this, different entry assumptions were selected for previous welfare recipients (Class 10) and the rest of the Australian population (Class 12). Once a person has been inactive for more than 10 years, we elected to use the same entry assumptions as for the rest of the Australian population (i.e. Class 12 entry assumptions). This was done in order to be more consistent with the historical data analysed; in particular noting that as there is only a limited period of data, the rest of the Australian population group in Class 12 includes some people who would have received welfare prior to the period of experience recorded in the data.

Historical entry rates have been relatively stable over the last few years and as a result entry rate assumptions were largely selected based on an average of the experience over the last 3 years, with the following main exceptions:

Analysis of exits and entrants

the energy supplement. The assumption is intended to produce a relatively stable total number of people utilising this payment. Once a person enters into an active class, payment assumptions are applied in line with those for the current welfare recipients, as described in Section 9.

We refined the entry rates through consideration of the risk factors that influence the experience. As with the foundation assumptions, different sets of entry assumptions were selected for past welfare recipients (Class 10) and the rest of the Australian population (Class 12), and Class 12 entry assumptions are used for anyone who has been inactive for more than 10 years. For past welfare recipients we noted that the time since exit from the welfare system was predictive of the probability of re-entering. As illustrated in Figure 75 recent welfare recipients are generally more likely to re-enter the system compared to other people. The probability of re-entering then decreases the longer people are inactive. We also noted that the last active welfare class was predictive of re-entries for past welfare recipients. For example past welfare recipients who last utilised either Class 2 ‘Working Age’ or Class 5 ‘Disability Support’, were seen to be more likely than average to re-enter the welfare system and people are often more likely to re-enter a class they have previously been in. Additionally, partner status, child information and highest level of education appear predictive of entry probabilities and so these were included as factors in the entry rate assumptions.

The expected numbers of new entrants and re-entrants over the next 5 years are shown below.

Results for non-welfare recipient classes

11 Results for non-welfare recipient classes

Importantly, every person within the population has some chance of accessing the welfare system during their lifetime. Hence everyone has a non-zero average lifetime cost. In this section we discuss the lifetime costs for people who are not current welfare recipients (i.e. those in classes 10 and 12).

11.1 Previous welfare recipients

There are 3.9 million people who were in the past welfare recipients class at 30 June 2015. The profile of these by age and gender is illustrated below.

Results for non-welfare recipient classes

Recent welfare recipients (exits in past 3 years)

There were 1,351,000 people in the recent exits group in the model population. This included a mix of genders and ages as illustrated below.

Results for non-welfare recipient classes

In developing the valuation results the projection model also produces information on the expected transitions for people out of each class, as shown below.

There is a very different pattern of the future trajectories for people in this class than for those in the active classes 1-9. These people are not currently receiving any payments and the trajectories illustrate the patterns of people returning to the welfare system.

We can see that a material proportion, perhaps 40%, return to the welfare system over the next 10 years. The most common next destination over this period is working age payments and most of the people who move into this class appear to do so over the next 5 years. Beyond 10 years, many move onto age pension as expected.

Previous welfare recipients (older exits)

There were 2,560,000 people in the older exits group in the model population. This included a mix of genders and ages as illustrated below.

Results for non-welfare recipient classes

The expected trajectory for these older exits is shown above. We can see that much smaller proportions of people are expected to return to the active classes, in particular to the working age class.

Comparisons of average lifetime costs

The lifetime costs for past welfare recipients below retirement age are typically in the range $150,000 to $300,000 (with variations by age and duration since exit), lower than for those for people in the active classes. This is unsurprising as the cost reflects the combined effect of the likelihood of returning to the system and the expected cost at arrival. Equally unsurprising is that the lifetime costs for people age 20 and over are heavily dominated by age pension costs.

For people in class 10 (previous welfare recipients) our analysis has shown that the longer people remain out of the system the lower their chances of return. Thus it is interesting to examine how the costs for people in class 10 vary by their delay since exit and this is illustrated below for people aged 30 at the valuation date.

Results for non-welfare recipient classes

This chart shows gradual reductions as the duration since exit increases, most notably for the pre-retirement part of the costs. The shape of the chart above also reflects the mix of other characteristics (such as by gender and partner status or numbers of children) and this may generate some of the differences between the expected costs for people of different durations post exit.

Comparisons for current welfare recipients and exits

Comparing the average lifetime costs for people in current welfare recipient classes and those recently exited can be informative as it provides some indication of the differences in lifetime cost that may be achieved through interventions that assist people in exiting the welfare system in a sustained way.

As an example, the average future lifetime cost for a 30 year old man receiving working age payments is perhaps $230,000 compared to only $100,000 to $200,000 for people who are not current welfare recipients.

As an illustration the figure below shows how the average lifetime cost of current people in the working age class compare to people who exited this class one year ago.

Note the much lower contribution of income support costs reduces significantly (as this is linked to the requirement for the person to re-enter); however the age pension costs for people of different ages are similar.

11.2 Rest of the Australian population

This group (class 12) is the remainder of the population, being the group of people who have not received any payments during the period covered by the data analysed – broadly the last 14 years. This group will include some people who were welfare recipients prior to that time alongside others who have never received a payment.

There were 11,949,000 people in this class at 30 June 2015 with the demographic profile shown below.

Results for non-welfare recipient classes

Almost the whole of the Australian resident population who are currently younger than age 15 will be included in this class given that very few of these people will have ever received a payment under their own name, as children’s payments would typically be made to a parent or guardian. Note that there are fewer females than males in the middle age range, given that females are more likely to have entered the system to access family benefits over this age range, and therefore will appear in the current or previous welfare recipient groups.

Lifetime costs

Note that the majority of the lifetime cost (53%) comes from age pension and related supplements. A substantial proportion of the rest is from family payment types, principally FTB and child care.

There is considerable differentiation in the patterns of costs by age, with the cost for older people in this class consisting predominantly of age pension and family payment types, whereas younger people have more chance of someday accessing other payments and hence have greater costs for a range of payment categories.

One of the benefits of including the whole population in the model is that it places attention on where the future costs of the system are going to come from, facilitating longer term thinking and enabling the investment approach to be applied in a broader context. We estimate that each year of new births adds around $50 billion to the total lifetime cost – these costs are of course highly uncertain as welfare payments to this group in their own right will not commence for many years, but this statistic does highlight the value of investing now in children who are at high risk of becoming dependent on welfare when they reach adulthood.

Results for non-welfare recipient classes

Expected trajectories for the rest of the Australian population

The projection model also produces information on the expected transitions for people out of each class, as shown below.

Results for non-welfare recipient classes

– We have shown the different trajectories for the younger and older groups and this illustrates the relatively small proportions of the older group who are likely to enter the system other than for retirement. Conversely, significant proportions of the younger people are expected to use other types of support; this is not unexpected given they have much of their lives ahead of them.

Forecasts

12 Forecasts

12.1 Background

In addition to current welfare recipients, there are three groups of people who may receive welfare in future years: