Did the SMSF pay any super lump sums for the member?
No |
Leave R1 blank. Go to R2. |
|---|---|
Yes |
Read on. |
Write at R1 the total amount of super lump sum benefits paid for the member in 2015–16.
Use table 11 to work out which code applies to the amount you wrote at R1. Print the code in the Code box to the right of R1. If more than one benefit type applies, use the code that describes the largest payment amount.
Do not include at R1:
- amounts transferred from the member’s account to their spouse's super account as a result of a contributions splitting arrangement (include these at Q Outward rollovers and transfers)
- amounts transferred from the member's account because of a family law obligation (include these at Q Outward rollovers and transfers).
Where a member receiving an income stream chooses to receive a super payment in addition to their normal income stream payments, in some circumstances the additional payment is a super lump sum. For more information, see Payments in addition to income streams.
Table 11: Lump sum benefit type codes
Code |
Benefit type |
|---|---|
A |
Lump sum benefit for a member 60 years old or older |
B |
Lump sum benefit for a member less than 60 years old |
C |
Death benefit to a dependant |
D |
Death benefit to a non-dependant |
E |
|
F |
Other lump sum benefit type (for example, permanent incapacity, severe financial hardship, approved compassionate payment) |
G |
Release authority payment (for example where an amount is paid under a release authority given for excess non-concessional contributions tax) |