How is Superannuation Lump Sum (Financial Dificulty) payments assessed at tax time?

Craig Scofield

New member
I have accessed $10,000 from my superannuation due to Financial Difficulty and I know they are going to tax me 21.5% but what I am wondering is... 1) Do I need to declare this to centrelink (its to pay off my bills), 2) Will Centrelink take it as taxable income, and 3) when I do my tax next July 2011, Will I be able to get some of that tax back (or will it go towards amount of tax I need to pay?) I hope this makes sense.
 
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