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  • 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:

    • under 60 years old
    • under 60 years old who is receiving a reversionary capped defined benefit income stream where the deceased was 60 years or older at the time of death
    • 60 years or older, if the taxable component contains an untaxed element
    • 60 years or older who is receiving a 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).

    See also:

    Last modified: 25 May 2018QC 18651