Document ID: chunk:federal_register_of_legislation:F2024L00664:clause:5_12:p3
Version: federal_register_of_legislation:F2024L00664
Segment Type: clause
Provision Reference: sch 5 cl 12 (pt 3/5)
Character Range: 118173–120982

amount you need to withhold from the taxable component of back payments of super income streams (pensions and annuities), including lump sum payments in arrears, use either Method A or B.

End-of-year reporting

You must record back payments in a pay event when reporting under Single Touch Payroll (STP), or on your employee's or super payment recipient's payment summary if you are a non STP reporter. What payment summary you use depends on whether the back payments relate to a superannuation income stream or previous period of assessable foreign service. Use:
    * PAYG payment summary – individual non-business for all back payments except those for super income streams or if they were related to a previous period of assessable foreign service
    * PAYG payment summary – superannuation income stream for super income stream payments
    * PAYG payment summary – foreign employment for payments related to a previous period of assessable foreign service.

Note: For the purposes of the lump sum E reporting under STP or payment summaries, multiple payments are aggregated when calculating the $1,200 payment threshold.

Completing the individual non-business payment summary

For payments accrued in the current financial year, include the total:
    * gross amount of all payments at 'Gross payments'
    * amount withheld at 'Total tax withheld'.

Salary and wage income (including allowances) accrued before the current financial year

For each payment accrued in a prior financial year, but not more than 12 months before the date of payment include the total:
    * gross amount of the payment at 'Gross payments' or 'Allowances'
    * amount withheld at 'Total tax withheld'.

For each payment accrued more than 12 months before the date of payment of less than $1,200, include the total:
    * gross amount of the payment at 'Gross payments' or 'Allowances'
    * amount withheld at 'Total tax withheld'.

For each payment accrued more than 12 months before the date of payment of $1,200 or more, include the total:
    * gross amount of the payment (including allowances) at 'Lump sum E'
    * amount withheld at 'Total tax withheld'.

For each payment that accrued before and after 12 months, apportion the payment between the two periods. If the portion of the payment that accrued after 12 months from the date of payment is $1,200 or more, include the:
    * gross amount of the payment at 'Lump sum E'
    * amount withheld at 'Total tax withheld'.

Other amounts accrued before the current financial year

These other amounts are described in the section above in this schedule 'Other payments you should use this schedule for'.

For each payment accrued in a prior financial year of less than $1,200, include the total:
    * gross amount of the payment at 'Gross payments'
    *