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Australian superannuation lump sum payments

How to report super lump sum payments in your return using myTax.

Last updated 26 May 2016

We have pre-filled your tax return with payment summary information provided to us. Check for Australian superannuation lump sum payments you received that are not pre-filled and ensure you add them.

This section is about Australian superannuation lump sum payments or superannuation death benefit payments you received, including those paid by:

  • superannuation funds
  • approved deposit funds
  • retirement savings account providers
  • life insurance companies.

It is also about any:

  • amounts we paid to you in respect of the superannuation guarantee charge or the superannuation holding accounts special account
  • payments you received from the unclaimed money registers.

Do not show on your tax return any:

  • death benefit lump sum payments you received as a dependant of the deceased (see the definition of death benefit dependant)
  • taxed element of a superannuation lump sum payment you received on or after your 60th birthday, unless it is a death benefit superannuation lump sum payment paid to you as a non-dependant
  • amounts paid to you because you have a terminal medical condition
  • departing Australia superannuation payments
  • superannuation lump sum payment received as the trustee of a deceased estate
  • amounts released under a 'release authority' issued to you because of an excess contributions tax assessment.

Completing this section

You will need your PAYG payment summary – superannuation lump sum. If you have not received it, contact your payer.

  1. For each payment summary that has not been pre-filled in your tax return, select Add and enter information into the corresponding fields.
    If your payment summary shows a tax-free component, this amount will not be included in your taxable income.
  2. For each payment summary, answer the question Is this a death benefit?
  3. Select Save.
  4. Select Save and continue.