Question on payment summary statement

lifengj

doing the PAYG payment summary statement, down the bottom there is a item called superannuation lump sump? another one is superannuation income stream, any TZ know what are these?

We have some staff left during the year, and they have paid for unused AL, does it refer to employment termination payment?

laura_lb

Unused AL =/ ETP.......Not so familiar with payroll, but i guess ETP refers to reduntency pay

pinkyfog

from what I've learned, Super lump sum is the amount you took out (e.g $400k) from the super fund once reach the eligible age, somewhere above 50, the income stream is the similiar thing, but rather than taking whole lot at once, take  >4% of the whole fund per year.(e.g. 4% of $500k each year)...

no need to worry about it if you're still young.... hope that helps

shuangchao

原帖由 lifengj 于 2009-5-26 16:00 发表
doing the PAYG payment summary statement, down the bottom there is a item called superannuation lump sump? another one is superannuation income stream, any TZ know what are these?

We have some staf ...

LUMPSUM A
include Long service leave accrued 16/08/78 to 17/08/93; annual leave accrued up to 17/08/93
LUMPSUM B
include long service leave before 16/08/78
LUMPSUM D
not assessable
LUMPSUM E
backpay, but tax offset may apply