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you had income from australian superannuation or annuity funds?

Posted on December 14, 2022December 14, 2022 by ahmed mustafa
you had income from australian superannuation or annuity funds?

You may be entitled to an Australian super income stream tax offset. Your PAYG payment summary – superannuation income stream may show the amount of tax offset you can receive on your taxed element.

If you received a taxable Australian superannuation lump sum payment, don’t show it here; go to Super lump sum.

you had income from australian superannuation or annuity funds?

What is income from superannuation?

A super income stream (also known as a super pension or annuity) is a series of periodic payments to a member. An income stream is either: account-based – the income stream is paid from a super account held in the member’s name.

you had income from australian superannuation or annuity funds?

Most annuities have both taxable and tax-free components. Your assessable income will include your taxable annuity payments when you receive the payment. This includes annuities you receive as a reversionary beneficiary.

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