You need to include a bonus amount  this item if all the following conditions apply: 

  • you received the bonus amount, or directed how it is to be dealt with, within 10 years from when the policy started
  • your life insurance policy or friendly society insurance bond matured, or was terminated, forfeited, or surrendered in full or in part
  • the bonus amount was in addition to the premiums you paid to the life insurance company or friendly society.

Learn more from the ATO here

To get start in LodgeiT, make sure to activate "Bonuses" and "Other Income" via financial image

Press "Income" > "Other"

Select the "+" sign, and add a line item

The summary will be available via Income > Summary > Item 22 "Bonuses from life insurance companies and friendly societies "