Item 8 - Australian superannuation lump sum payments

If you've received more than one Super lump sum payment summary from a Fund, complete a separate PL for each. This schedule is only transmitted to the ATO via PLS whne there is more than one PL attached to the return.

Payment Details

Enter the Payment details as disclosed on the PAYG Payment Summary-Australian superannuation lump sum.

The fields are described below in the order they appear in the return:

Tax withheld
Type
Date of payment
Total tax withheld amount
Total taxable component - Taxed element
Payer's ABN
Total Taxable component - Untaxed element

Tax Offset on superannuation lump sums

The taxpayer may be entitled to a tax offset to ensure that certain elements of the superannuation lump sum are only taxed up to a maximum concessional rate of tax.

Tax will calculate any offset available in accordance with the rates and thresholds for the current income year and include it in the F4 estimate.