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    PAYG withholding obligations

    If you have to withhold tax, you need to:

    Provide information to the recipient of the benefit

    When you pay a super benefit that contains an assessable amount you must give a payment summary to the recipient covering the details of the payment, including:

    • tax-free component
    • taxable component
    • tax offset (if applicable)
    • tax withheld (if applicable).

    For income streams you must provide a PAYG payment summary by 14 July following the end of the financial year in which the payment was made.

    For lump sums you must provide a PAYG payment summary within 14 days of making the lump sum payment.

    You should provide a payment summary if:

    • the member is under 60
    • the member is 60 or over and the taxable component contained an untaxed element
    • a super lump sum was paid to:
      • a non-dependant in the event of another person's death
      • the trustee of a deceased estate.

    Payment summaries should be issued in the situations listed above even if no tax has been withheld.

    A payment summary is not required where a lump sum is paid to a member because of a terminal medical condition.

    See also:

    Last modified: 09 Nov 2016QC 45251