Superannuation lump sum schedule (PL) 2023

You need to complete this worksheet if you received a PAYG payment summary – superannuation lump sum. Item 8 - Australian superannuation lump sum payments on the ATO website for further information.

Accessing the pl worksheet

To open the ps worksheet:

Click Label P or Q at Item 8: Australian superannuation lump sum payments.
Select Preparation > Schedule > Superannuation Lump sum payment.
Go to Preparation > Schedule > Income details schedule > Enter Y at Section I - Australian superannuation lump sum payments.

You can use the ATO Pre-fill to download reports and check what the ATO has received from the employer. See What data pre-fills into Tax? 2023

To complete the pl worksheet

The amount of the cap previously used is a mandatory field. You must complete it for a correct F4 calculation of the SLS Tax offset and the ATO's Notice of assessment.

When the answer is Yes, the previously used amount is passed to the AE/AO tax fields at the bottom of the schedule for calculation purposes only.

You must also ensure that the date of birth field on the front cover has been completed.

The fields are self-explanatory.

When you close the PL, we'll pass the total of the sums entered to the labels at item 8.

If the death benefit is for a non-dependant of the deceased, but the deceased was a member of the Australian Armed Forces or the Australian Police, the non dependant is considered to be a dependant for these purposes.