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  • Directed termination payment



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    A transitional termination payment can, at your request, be paid by your employer to a complying superannuation fund or to purchase a superannuation annuity. These payments are called directed termination payments.

    These payments are non-assessable non-exempt income, that is, tax-free income. Do not show directed termination payments anywhere on your tax return.

      Last modified: 29 Jun 2011QC 28061