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  • About question T4

    Question T4 image from tax return for individuals form.

    If you have shown income from an Australian superannuation income stream at item 7 on your tax return, you may be entitled to a tax offset equal to:

    • 15% of the taxed element, or
    • 10% of the untaxed element of your superannuation income stream benefit.

    The tax offset amount will be shown on your PAYG payment summary - superannuation income stream.

    You are not entitled to a tax offset for the taxed element of any superannuation income stream you received before you turned 55 years old unless the superannuation income stream was either:

    • a disability superannuation benefit, or
    • a death benefit income stream.

    You are not entitled to a tax offset for the untaxed element of any superannuation income stream received before you turned 60 years old unless the superannuation income stream is a death benefit income stream and the deceased died after they turned 60 years old

    Did you receive an Australian superannuation income stream shown on a PAYG payment summary - superannuation income stream?

     

    No

     

    Yes

    Read below.

    Answering this question

    Attention

    Warning:

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

    End of attention

    You will need your PAYG payment summary - superannuation income stream which should show the amount of the tax offset.

    Contact your payer if you:

    • did not receive a payment summary or you lost your payment summary
    • think you qualify for this tax offset and the payment summary does not show it
    • disagree with the amount shown on your payment summary.

    Completing your tax return

    Step 1

    Add up the tax offsets that are either shown on a superannuation income stream payment summary or worked out by you.

    Step 2

    Write the total at S item T4.

    More information

    For more information on how this tax offset is worked out, see Special circumstances and glossary.

    Where to go next

     
      Last modified: 29 Jun 2011QC 25481