Section B: Payment details
Period during which payments were made
Show the period during which the payments were made to the payee. Use the format DD/MM/YYYY.
For a payee receiving an account-based pension income stream you are only required to provide the payee with a payment summary where you have a withholding obligation.
For a payee receiving a capped defined benefit income stream, the period that you report on your payee's payment summary will affect their defined benefit income cap.
Where the payee:
- has been in receipt of a super income stream for the entire year, show the period as 1 July to 30 June
- starts the super income stream during the year, show the starting date of the first payment
- has a super income stream prior to turning 60 during the financial year, show the period prior to turning 60, the end date will be the day before the payee's birthday
- has a capped defined benefit income stream after turning 60 in the financial year, the period should be the payee's birthday to the end of the period
- has a reversionary death benefit income stream, then the start date is the later of 1 July in that financial year or the date the deceased died
- ends the super income stream during the year, show the date of the last payment.
For example, a part year period of 25 September 2017 to 4 January 2018 is shown as:

You will need to provide the payee with multiple payment summaries in the following circumstances:
- the payee is in receipt of a capped defined benefit income stream and they turned 60 during the year. You will need to provide one payment summary for the period they were 59 and a second payment summary for the period they were 60
- the payee is under 60 and receives their own income stream, and also a death benefit capped defined benefit income stream (reversionary) where the deceased was 60 or older at the time of death. You will need to provide two payment summaries, one for each income stream
- the payee turned 60 during the year and is in receipt of their own income stream and a reversionary income stream where the deceased was 60 or older at the time of death. You will need to provide four payment summaries. One payment summary for the period the payee was 59 and a second payment summary for the period the payee was 60, for each capped defined benefit income stream.
Example
Bill turned 60 on 12 September 2018. He receives a reversionary capped defined benefit income stream where the deceased was 61 years old at the time of death. Bill also has a capped defined benefit income stream in his own right from the same provider.
The provider needs to provide Bill with:
Bill's own income stream payment summaries
- Payment summary 1 for the period 1 July 2018 to 11 September 2018 (the day before Bill's birthday). The death benefit (reversionary income stream) field will indicate 'no' on this payment summary.
- Payment summary 2 for the period 12 September 2018 (Bill's birthday) to 30 June 2019. The death benefit (reversionary income stream) field will indicate 'no' on this payment summary.
Reversionary capped defined benefit income stream payment summaries
- Payment summary 3 for the period 1 July 2018 to 11 September 2018 (the day before Bill’s birthday). The death benefit (reversionary income stream) field will indicate 'yes' on this payment summary.
- Payment summary 4 for the period 12 September 2018 to 30 June 2019. The death benefit (reversionary income stream) field will indicate 'no' on this payment summary as the field is only required where the payee is in receipt of an income stream before turning 60.
End of example
Note: The Death benefit (Reversionary income stream) field and the periods that you report on your payee's payment summary will assist your payee in calculating their defined benefit income cap and their assessable capped defined benefit income, where applicable.
Example
Anna turned 60 on 10 December 2019. She received an account-based pension income stream for the full financial year.
The income stream provider needs to provide Anna with a PAYG payment summary – superannuation income stream:
- for the period from 1 July 2019 until 9 December 2019, the day before Anna turned 60
- that shows the taxed element amount and a tax offset amount for that period.
The income that Anna receives after her 60th birthday is considered to be non-assessable non-exempt income.
End of example
Total tax withheld
Show the total tax withheld in whole dollars. For example, show $12,672.70 as:

Taxable component
The taxable component of a super benefit may consist of a taxed element and/or an untaxed element, depending on whether the benefit is paid from a taxed or untaxed source. The taxable component of a super benefit consists of the following:
- taxed element
- an untaxed element.
The taxed element and untaxed element should be shown in whole dollars.
For example, show a super capped defined benefit income stream paid to a person 62 years old with a taxable component comprised of a taxed element of $17,553.24 and an untaxed element of $13,669.88 as:

See also:
Tax-free component
For super income streams from 1 July 2007, the tax-free component is made up of the:
- contributions segment
- crystallised segment.
If there is a tax-free component to report, show it in whole dollars. For example, show a tax-free component of $6,594.55 as:

See also:
Note the tax-free component will now be taken into consideration when your payee calculates their additional assessable amount from a capped defined benefit income stream.
Tax offset amount
You only need to report a tax offset amount where the payee is under 60 years old, has a taxed element and:
- is above the preservation age or is in receipt of a disability super income stream, and
- the income stream is not a reversionary capped defined benefit income stream where the deceased was over 60 at the time of death.
The tax offset is an amount equal to 15% of the taxed element.
Where the payee is over 60, or is under 60 and in receipt of a reversionary income stream where the deceased was over 60, do not show the tax offset for a capped defined benefit income stream.
Show the amount of the tax offset in whole dollars. For example, show a tax offset amount of $3,589.14 as:

Example
Donna becomes eligible for a 15% tax offset for the taxed element of the superannuation income stream payments she receives after turning 55 years old on 21 September 2019.
She receives a super income stream of $15,250 for the 2019–20 income year. It is not a death or disability superannuation benefit. Her fund makes the first payment on 1 August 2019, and she receives $2,500 before she turns 55 years old.
The entire amount of Donna's super income stream is a taxable component consisting wholly of a taxed element. Her super fund calculates her tax offset as follows:
Amount of her super income stream receives after becoming eligible for an offset:
- $12,750 (that is $15,250 less $2,500)
- tax offset 15% × $12,750 = $1,912.
End of example
Lump sum in arrears – taxable component
This is the taxable component of payments received as a lump sum (or single payment) for a super income stream amount that accrued in a previous year or years. The taxable component of a lump sum in arrears payment of a super benefit may consist of:
- taxed element
- an untaxed element
- taxed and untaxed elements.
Show these elements in whole dollars.
Lump sum in arrears – tax-free component
This is the tax-free component of payments received as a lump sum (or single payment) for a super income stream amount that accrued in previous year or years.
Show this amount in whole dollars.
Last modified: 07 Apr 2021QC 19550