Tax Collection 2 Income Tax Life Insurance Companies Premiums Insurance Policies Accident Disability And Term Amount The total amount of gross premiums received from accident and disability policies and term policies This element has been retired and should no longer be used. Income Tax Life Insurance Companies Premiums Insurance Policies Exempt Amount The total amount of gross premiums received from exempt life insurance policies This element has been retired and should no longer be used. Income Tax Life Insurance Companies Premiums Insurance Policies Other Amount The total amount of gross premiums received from all other life insurance policies This element has been retired and should no longer be used. Income Tax Pay As You Go Withholding Credit For Amounts Withheld From Foreign Residents Amount This is the value, during the relevant period, for the amount of tax withheld from payments subject to foreign resident withholding. Income Tax Pay As You Go Withholding Termination Payment Total Amount Broadly, a termination payment is a lump sum paid to an employee by an employer upon retirement or the ceasing of employment. It can be one of the following: * A lump sum paid to an employee by an employer when they retired or ceased employment, such as: - a payment in lieu of notice or a 'golden handshake' - a payment for unused sick leave or unused rostered days off - compensation for loss of a job or wrongful dismissal - a bona fide redundancy payment or an approved early retirement scheme payment that exceeded the tax-free threshold for such payments - currently $6,194 plus $3,097 for each complete year of service - a payment received because of invalidity. * A lump sum payment from a superannuation fund, approved deposit fund, retirement savings account or life assurance company, such as: - payments received when a superannuation pension or annuity was changed into a lump sum - payments received when a taxpayer made a withdrawal from an approved deposit fund - other payments from a superannuation fund, excluding a pension or annuity or a departing Australia superannuation payment. * A similar payment to those above, paid to the employee as the beneficiary of a person who has died. This is called a 'death benefit TP'. If the payments were made to the employee as the trustee of a deceased estate they must be shown in a trust tax return, not on the personal tax return. * A payment from the Tax Office of amounts collected from an employer under the Superannuation Guarantee or paid to the Superannuation Holding Accounts Special Account. This element has been retired and should no longer be used.