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  • S Closing account balance

    Write at S the member’s account balance at 30 June 2018. If the member's closing account balance is zero or a negative amount, write 0 (zero) at S. To work out the member’s closing account balance at 30 June 2018:

    • add  
      • Opening account balance (at 1 July 2017)
      • N Total contributions
      • O Allocated earnings and losses (if the amount is positive)
      • P Inward rollovers and transfers
    • and then subtract  
      • O Allocated earnings and losses (if the amount is a loss)
      • Q Outward rollovers and transfers
      • R1 Lump sum payment
      • R2 Income stream payment.

    If a member has multiple accounts, you should have combined them so that each member has only one statement in either Section F or Section G.

    The amount you write at Closing account balance must also equal the sum ofS1, S2 and S3.

    Last modified: 30 Mar 2021QC 55254