• If you're lodging by myTax

    You can only use myTax to lodge your return if your BSWAT tax table in Attachment E shows an amount for both 2013–14 and 2012–13.

    If your BSWAT tax table shows an amount for any other financial year, you must lodge by paper or with a tax agent. This allows you to claim the lump sum in arrears tax offset which may reduce how much tax you have to pay.

    There are three main steps to take:

    Step 1: Report your BSWAT lump sum payment

    • If the lump sum payment has been pre-filled in myTax, the Australian Government payments such as Newstart, Youth Allowance and Austudy box will be ticked on the Personalise return screen.
    • If the payment has not been pre-filled, select the You received salary, wages or other income on a payment summary, or Australian Government payments box.
    • You will then need to select the Australian Government payments such as Newstart, Youth Allowance and Austudy box.
    • You will be able to review the pre-filled information or add new information by selecting add/edit in the payment summary panel on the Prepare your return screen.
    • On the payment summaries fly-out, locate the Australian Government special payments; select add/ edit and enter your BSWAT payment summary information into the corresponding fields.
    • At the Benefit description field, type 'BSWAT lump sum in arrears'.
    • At the Taxable amount field, enter your taxable lump sum amount received. Enter whole dollars only, do not enter cents
    • Answer Yes to the payment summary question: Is this a BSWAT lump sum in arrears payment?

    Step 2: Enter information from your BSWAT tax table

    • You now need to enter your BSWAT tax table information. We need this information to calculate your lump sum tax offset entitlement.
    • We use the two years and amounts for 'Attributed excess – recent years' from your BSWAT tax table (Attachment E: Important tax information).
    • Select the 2013–14 financial year from the Year drop-down list
    • Enter the income amount shown under Attributed excess – recent years paid for that income year, into Amount in your return.
    • Select Save.
    • Select Add (to add another row).
    • Select the 2012–13 financial year from the Year drop-down list.
    • Enter the income amount shown under Attributed excess – recent years paid for that income year, into Amount in your return.
    • Select Save.

    Step 3: Complete your myTax return

    • Select Save and continue.
    1. You have completed entering your BSWAT payment details.
    2. Now continue to fill in the rest of your return using myTax and then lodge your return.
      Last modified: 19 Apr 2017QC 46588