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TPD Taxable amount

Newbie

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Hi,
I have a tpd claim about to be paid out from my super annuation it is $300k, I am 29 so I am before preservation age, I just wanted to know what the taxable amount is on it?
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Most helpful response

Community Support

Replies 0

Hi @Chelseaaa ,

Since the calculation of superannuation payouts can be complex, it would be difficult to predict what figures are going to appear in a lump sum claim. your best option would be to consider How tax applies to your super , under the section of your age being under the preservation age. There is also a section on the above webpage for, 'Filling out your tax return'.

 

Hope this helps,

1 REPLY 1

Most helpful response

Community Support

Replies 0

Hi @Chelseaaa ,

Since the calculation of superannuation payouts can be complex, it would be difficult to predict what figures are going to appear in a lump sum claim. your best option would be to consider How tax applies to your super , under the section of your age being under the preservation age. There is also a section on the above webpage for, 'Filling out your tax return'.

 

Hope this helps,