Lump Sum B

(last updated 05/06/2014)

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Amounts shown at Lump Sum B on your PAYG Payment Summary are paid for unused long service leave that accrued before 16 August 1978.

Only 5% of the amount shown as Lump Sum B is subject to tax in the employee's hands, and so only 5% of the amount is subject to PAYG withholding. The 5% is taxed at the employee's marginal rate.

Since this lump sum type relates to unused leave accrued pre 16 August 1978 they are rarely seen. I can't even recall the last time I prepared a tax return with lump sum B.


A PAYG Payment Summary includes a Lump Sum B amount of $1000. $50of the payment is to be included in the tax return (ie $1000/20) and taxed at the marginal tax rate.

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