Receiving an income statement
If your employer reports through Single Touch Payroll (STP) you may not receive a payment summary from them.
Instead, your payment summary information will be available in ATO online services through myGov. It is now called an 'income statement'.
If you don't want to create a myGov and link to the ATO you can phone us on 13 28 61 to get a copy of your income statement.
If you use a registered tax agent, they will have access to your income statement so they can complete your tax return.
Not all employers report through STP. You will continue to get a payment summary from any employer who has not yet started STP reporting.
About your income statement
Your income statement is the equivalent of a payment summary (which some people still call a group certificate).
Your income statement will show:
- your year-to-date salary and wages
- the tax that has been withheld
- the super amounts your employer has to pay for you.
This is similar to the information you would normally see on your payslip.
Your income statement will be updated each time your employer pays you. It may take a few days for the information to be available online.
After the end of the financial year, when your income statement has been finalised by your employer, the status will change to 'Tax ready'. This means the information is ready for you to use in your tax return.
How to access your income statement
Once you have a myGov account set up and linked to ATO online services you should:
- Log in to myGov.
- Select Australian Taxation Office.
- Select (from the top of the screen) Employment and then Income statements.
Using your income statement for your tax return
You can view your income statement at any time throughout the financial year. However, once your income statement information is finalised by your employer it will be identified as ‘Tax ready’.
After 1 July, your STP income statement information will be pre-filled into myTax, even if your employer hasn't finalised it yet. If your income statement shows as 'Not tax ready', you will see a red box with 'Required' next to your employer’s name.
To complete your tax return, you should wait until the information is 'Tax ready'.
However, if you choose to use information from an un-finalised income statement to lodge your tax return, you will need to:
- review this pre-filled information and decide whether you wish to use it before you submit your tax return
- acknowledge that
- your employer may finalise your income statement with different amounts
- you may need to amend your tax return and additional tax may be payable.
If you use a registered tax agent, they will have access to the information they need to complete your tax return.
If you have more than one job and your other employers have not yet started STP reporting, you should receive payment summaries from them.
Make sure you have all the information you need to prepare your tax return. This may include both an income statement and payment summaries from other employers.
If you think your income statement or payment summary information is incorrect, you should contact your employer (or employers).