Part of a distribution from a superannuation scheme is treated as income for WfFTC and student loans if:
However, you'll only need to include the distribution if:
You don't need to include the portion of the distribution that is attributable to the contributions you had made to the scheme.
If the distribution also includes any investment returns on the funds in the scheme such as interest, dividends or foreign investment funds the part attributable to the employer's contributions would also need to be included as income for WfFTC and student loans.
Over the year Dennise's employer contributes $10,000 to Dennise's superannuation scheme. Dennise herself contributes $15,000 to the scheme. In that same year, Dennise receives a distribution from her scheme of the $25,000 that she and her employer contributed in that year, which earned $250 in interest. Dennise still works for the same employer.
Dennise needs to include the $10,000 contributed by her employer and the $250 in interest as part of her income for WfFTC and student loans. She doesn't need to include the $15,000 which she had contributed toward the distribution.