Superannuation income stream

Use PAYG payment summary – superannuation income stream if you are a super provider making super income stream payments, including super income stream lump sum in arrears payments to a person where:

• the payee is less than 60 years old 
• the payee is aged 60 years or older and is in receipt of a capped defined benefit income stream
• the payee is aged 60 years or older and has an untaxed element from a non-capped defined benefit income stream.

You can only pay a super income stream if you are one of the following:

• a super fund
• an approved deposit fund (ADF)
• a life insurance company or registered organisation
• a retirement savings accounts (RSA) provider.

Do not use this payment summary if you are a non-super entity. You must use PAYG payment summary – individual non-business (NAT 0046).

Find out about:

• Single Touch Payroll and choosing whether to do payment summaries

See also:

• Instructions and form PAYG payment summary – superannuation income stream (NAT 70987)