The tax components of superannuation benefits must be paid in proportion to the components of the member’s superannuation interest in the fund. In the case of a:
- Lump sum or rollover: the components will generally be determined in the same proportion as the components of the member’s superannuation interest in the fund at the time of payment.
- Income stream: the tax-free and taxable components of the superannuation interest are calculated at the time the pension commenced (or at the time of a trigger event in the case of a pension that commenced before 1 July 2007). All pension and lump sum payments are paid in these proportions.