Commonwealth Super Corporation lump sum in myTax

Why you get an error

There are 2 reasons you may receive an error when adding your Commonwealth Super Corporation (CSC) super lump sum payment into your myTax return:

1. Your tax withheld is greater than the gross payment – which is the total of your Taxed element and Untaxed element amounts.
2. Your tax and untaxed elements are both $0.

You don't need to contact CSC if you get one of these errors – instead follow the steps below. You will not be adversely impacted by this.

If you lodge via a registered tax agent, they will not get these errors and will be able to lodge your return with the correct CSC super lump sum payment information.

If you need help lodging your tax return, contact us.

Tax withheld is greater than the gross payment

Follow these steps in myTax to lodge your tax return.

Step 1: Personalise your return

• On the Personalise return screen
  • select You had income from Australian superannuation or annuity funds
  • select Super lump sums
  • select any other options that apply to you
  • select Next.
   

Step 2: Prepare your return

• On the Prepare return screen
  • find Income statements and payment summaries and select Add/Edit
  • select Add at Super lump sums and enter the information from your CSC payment summary, including the Taxable and Tax-free components
  • for Tax withheld enter '$0' – we will update this field with the correct amount when we process your tax return.
   

Step 3: Ignore the tax estimate

• Enter all your other information in myTax.
• When you submit your tax return, ignore the tax estimate as it will not accurately reflect your tax information.

Step 4: What we will do

• We will adjust the super lump sum section with your correct information before processing your tax return. This will ensure you receive the correct tax outcome.

Taxed and untaxed elements are both $0

Follow these steps in myTax to lodge your tax return.

Step 1: Don't include your CSC payment

• Don't enter any details from your CSC payment summary.

Step 2: Ignore the tax estimate

• Enter all your other information in myTax.
• When you submit your tax return, ignore the tax estimate as it will not accurately reflect your tax information.

Step 3: What we will do

• We will adjust the super lump sum section with your correct information before processing your tax return. This will ensure you receive the correct tax outcome.

Use these steps if you get an error when you add your Commonwealth Super Corporation (CSC) lump sum payment in myTax.