Document ID: chunk:federal_register_of_legislation:F2024L00664:schedule:13:p3
Version: federal_register_of_legislation:F2024L00664
Segment Type: schedule
Provision Reference: sch 13 (pt 3/23)
Character Range: 248633–251284

whether the payee is claiming the seniors and pensioners tax offset
    * whether the payee is receiving a disability super income stream
    * whether the super income stream includes an untaxed element (generally payments from state and Commonwealth public sector super schemes)
    * the type of super income stream
    * whether the total of the taxed elements and tax-free component is greater or less than the defined benefit income cap (the cap)
    * whether the defined benefit income cap should be reduced
    * whether the income stream is a super death benefit income stream.

Payments to Australian residents

This schedule is divided into five parts. The amount required to be withheld from a super income stream depends on the type of super income stream you pay:
    * account-based super income stream – use part A of this schedule
    * capped defined benefit income stream and:

-          payee is under 60 years of age at any time during the financial year, including:
         * disability super income streams
         * death benefit (including reversionary) income streams where the deceased was aged less than 60 – use part A
           (note: where the payee turns 60 during the year you will need to complete part E for post 60 income stream payments)

    -          payee turns 60 years of age during the financial year or starts their super income stream part way through the year at age 60 or older – use part E for post 60 income stream payments

    -          payee is 60 years of age or over for the full financial year:
         * a taxable component – taxed element and or a tax-free component – use part B
         * a taxable component – untaxed element only – use part C
         * a mixture of the above components – use part D

    -          payee is under 60 years of age, and is in receipt of a reversionary death benefit income stream and the deceased was 60 years of age or older at the time of death – use part E.

Payments to foreign residents

If the super income stream is to be made to a foreign resident, you will need to check if there is a tax treaty with their country of residence. If the super income stream is assessable in the other country because of the treaty, no withholding is required.

If a foreign resident's super income stream is assessable in Australia, you are required to withhold from the payment.

Rounding of withholding amounts

Ignore any cents in an income stream before using any of the steps in this schedule to calculate withholding. Withholding amounts calculated using the steps are rounded to the nearest dollar. Results ending in exactly 50 cents are rounded to