How to complete the PAYG payment summary - superannuation income stream form

Lump sum in arrears - taxable component

Do not show amounts of taxed element paid to people on or after the day they turn 60 years of age.

This is the taxable component of payments received as a lump sum (or single payment) for a superannuation income stream amount that accrued in a previous year or years. The taxable component of a lump sum in arrears payment of a superannuation benefit may consist of:

• taxed element
• an untaxed element, or
• taxed and untaxed elements.

Show these elements in whole dollars.

Sections within Payee details and payments

• Payee's name
• Payee's residential address
• Date of birth (if known)
• Period during which payments were made
• Payee's tax file number
• Total tax withheld
• Taxable component
• Tax free component
• Tax offset amount
• Lump sum in arrears - taxable component
• Lump sum in arrears - tax free component