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Australian Superannuation Income Stream Tax Offset

Taxpayers who receive income from an Australian superannuation income stream may be able to claim a tax offset amounting to 15% of the taxed element or 10% of the untaxed element.

If you are under 55 you cannot get an offset for the taxed element of your superannuation income stream unless it was from a disability superannuation benefit or a death benefit income stream.

Likewise, if you are under 60 you cannot claim an offset for the untaxed portion of your superannuation income stream unless the superannuation income stream was a death benefit income stream and the deceased died before they turned 60 years old.

You will be able to see the amount of the offset you are due listed on your PAYG payment summary - superannuation income stream.