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10. Income

Last updated 12 February 2019

The taxable income of complying superannuation funds is split into a non-arm's length component and a low tax component.

The non-arm's length component (previously referred to as 'special income') is the fund's non-arm's length income less any deductions that are attributable to that income.

Further Information

For more information, see UNet non-arm's length income.

End of further information

The low tax component (previously referred to as 'standard component') is any remaining part of the fund's taxable income.

Ensure that you show the correct income components against the corresponding income labels, as different rates of tax apply to different income components.

Attention

A concessional rate applies to the low tax component, while the non-arm's length component is taxed at the highest marginal tax rate. The rates are set out in Appendix 3: Rates of tax.

End of attention

Print X in the appropriate box.

G Did you have a capital gains tax (CGT) event during the year?

A Net capital gain

B Gross rent and other leasing and hiring income

C Gross interest

X Forestry managed investment scheme income

D Net foreign income

D1 Gross foreign income

E Australian franking credits from a New Zealand company

F Transfers from foreign funds

H Gross payments where ABN not quoted

I Gross distribution from partnerships

J Unfranked dividend amount

K Franked dividend amount

L Dividend franking credit

QC28016