How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with either:
- An income statement – if your employer reports your income, tax and super information to us through Single Touch Payroll (STP) they are no longer required to give you a payment summary, this information will be made available to you through ATO online services via myGov and finalised by 31 July.
- A payment summary – if your employer is not yet reporting through STP they will continue to provide you with a payment summary by 14 July (as they do now).
Your employer will let you know if they won’t be giving you a payment summary this year. You should talk to your employer if you are unsure how they will be providing this information to you.
If you have more than one employer, you may receive both a payment summary and an income statement. You will need to check that income from your payment summaries is included in your return. This information may be pre-filled for you or you might need to enter it manually.
To access a summary factsheet of the changes to accessing your payment summary, see Single Touch Payroll for employees on the ATO website.
As your Tax Agent
We are able to access your payment summary or income statement information through our accounting software or the Tax Agent Portal, this has not changed.
If your employer is reporting through STP, as your agent, we will need to wait until the income statement has been marked as ‘Tax ready’ to prepare and lodge your return. Employers have until 31 July to do this.
The ATO will send a notification to your myGov inbox when all of your income statements are ‘Tax ready’.
Through ATO online services via myGov
If your employer has started reporting through STP, they are no longer required to give you a payment summary. You will instead receive an income statement. You will be able to access this information through your ATO online services via myGov.
Your income statement will show your year-to-date salary and wages, the tax that has been withheld and the reported amounts of your employer super.
Your income statement/s will be ready to use in your tax return when your employer marks it as ‘Tax ready’. They have until 31 July to do this but will often do it earlier. It is important that you don’t use any information that is not marked ‘Tax ready’ as your employer may finalise your income statement with different amounts which means you may have to amend your tax return.