Superannuation lump sum

Use PAYG payment summary – superannuation lump sum if you are a super fund making a lump sum payment to:

• a person under 60 years old 
• a person 60 years or older, if the payment contained a taxable component with an untaxed element
• a non-dependant in the event of another person's death
• the trustee of a deceased estate.

You can only pay a super lump sum if you are one of the following:

• a super fund
• an approved deposit fund
• a life insurance company or registered organisation
• a retirement savings account (RSA) provider.

Do not use this form for super lump sum payments paid to a person with a terminal medical condition.

Find out about:

• Single Touch Payroll and choosing whether to do payment summaries

See also:

• Instructions and form PAYG payment summary – superannuation lump sum (NAT 70947)