Item 22 - Bonuses from Life Insurance Companies and Friendly Societies

See Item 22 - Bonuses and friendly societies on the ATO website for further information.

Enter the total amount of the bonuses received and the system will calculate the offset to be included in the F4 Estimate.

Bonuses from Life Assurance Companies and Friendly Societies income amounts are filled from Bonus Offsets when you exit the dialog.

The details are printed in the Tax Offsets and Medicare worksheet (reb).

CCH References

10-230 Life assurance and endowment policies

10-240 Bonuses on insurance policies