As per the ATO's requirements, Australian annuities payment summary (aap) worksheet has been separated from the Australian superannuation income streams worksheet (asi). These changes are made to report the non-superannuation annuities and superannuation annuities in two different worksheets.
Australian annuities (also called non-superannuation annuities) are paid to you by Australian life insurance companies and friendly societies.
To open the aap worksheet:
- Click label J or N at Item 7 - Australian annuities and super income stream. The Australian superannuation income stream payments worksheet opens.
- Scroll down to the bottom of the worksheet and select Y at Quick access to Australian annuities schedule.
- Select Preparation > Schedule > Australian annuities payment summaries.
- Go to Preparation > Schedule > Income details schedule > Enter Y at Section H - Australian annuities payment summaries.
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?