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JohnMitchell71(Initiate)Initiate
28 July 2024

Hardship Health Super Release

Age 43


Total super released - $117,528

Total sum paid to my account - $97,340

Sum (Tax) withheld by Super Fund - $20,118


Tax Return lodged - seems incorrect as the following was the result - more tax/loss, and I ended up with a tax debt of over $38,000 after already having the $20,118 deducted before payment


Tax withheld from Australian annuities and superannuation income streams $25,269.00

AASIS Taxable component taxed element J $117,528

AASIS Taxable component untaxed element N $5,080

Total Tax Withheld $37,655.00

Total Income or Loss $18,1092

249 views
2 replies
249 views
2 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
29 July 2024

Looks like you have not entered super LSP in the correct place.


Taxed element of LSP goes at item 8Q


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Over taxed on a super lump sum withdrawal? | ATO Community